Social Studies

The total amount you are paid (what you actually earned) before any deductions are taken from your wages.

• Net Income

• Goss Income

• Pension Money

• Income Tax

The total amount you are paid after any deductions are taken from your wages - this is what is in your pay packet.

• Net Income

• Road Tax

• Income Tax

• Gross Tax

The company you work for deducts money from your wages to pay back to you when you retire.

• Goods and Services Tax

• Income Tax

• Pension

• Paycheck

Sales tax is __________ to the price

• subtracted
• added
• multiplied
• divided

Taxation is when the _ makes citizens give them money to pay for services.

• company

• CEO

• Government

Does children pay taxes?

• No, buying taxed goods and that does NOT count as "paying taxes"

• Yes, we buy taxed goods and that counts as "paying taxes"

Taxes are payments made to the government on a variety of sources. Which of these can be taxed?

• income

• business profits

• general purchase of goods and services

Soft infrastructure refers to all the institutions that help maintain a healthy economy. Tick all the soft infrastructure.

• Schools

• Bridges

• Hospitals

• Shopping Malls

Hard infrastructure is comprised of all the physical systems that are crucial to running a modern, industrialized economy. Tick all the hard Infrastructures.

• Bridges

• Hospitals

• Roads

• Telecommunication center

What type if infrastructure is the most to the functioning of an economy?

• Hard infrastructure

• Critical Infrastructure

• Soft Infrastructure