Let’s discuss!

a) In your own words, describe what tax is.
b) What are taxes used for?
c) What does GST stand for?
d) Name three products that you don’t pay GST on.
e) Which products do you buy that have GST on them?
f) What is the difference between goods and services?
g) GST makes up ____% of the price we pay for things.
h) What changes might the government make to the GST?
i) Why is the government thinking of making the changes?
A helpful resource…
Now, look at our school canteen Canteen List 2016to complete the following table in Numbers.
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Early finishers: Calculate the gst paid on the following receipts: