Organising the assignment

Organising the assignment!

As you have seen from the example of the school trip, a budget takes into account both the expenses and the inputs of money required to pay for them. Each institution in our society (companies, schools, etc.) has a specific budget. The same is true of our public institutions. What do we know about all that?

• What different kinds of tax do you know about?
• Who pays taxes?
• Make a list of the services offered by these 3 institutions
• Where do these institutions get the money they need to pay for the different services they provide? What are the sources of financing?
• Do you know what taxes are?
• What different kinds of tax do you know about?
• Who pays taxes?
• Does everyone have to pay tax?
• Does every one pay their respective taxes responsibly?
• Who receives or collects taxes?
• What happens to the money raised in tax? What is it used for?
• What happens to people who don't pay their tax?