2.4 Where Does Your Money Go?

Philanthropy is the donation of...

• Love

• Treasure

• Necessary items

• Talent (Wealth)

• Time

A form of goverment in which ultimate power lies with the people

The effort to increase the well-being of people through charitable giving

Someone who contributes to society by donating their time, wealth or talent

Do the math and match the total net pay you will receive after taxes.

d

f

b

65.7

7.3

32.2

52.8

2.8

7.2

You received your payment. The original amount was $350 dlls. What was the percentaje after taxtes if you received $322?

Payments that citizens and businesses make to pay for public goods and services

The amount of money an employee earns BEFORE TAXES and other deductions.

The amount of money an employee receives AFTER TAXES and some other deductions

Why do people pay taxes?

• To be gifted to business ownerst

• to be deducted by banks

• to pay for the things government provides to people

• to pay the government for private goods