Question

“Why was the label wrong? It said $3.99!” Your respond, “It rang up as $4.19 because of _________________________. These are _________________________. We pay other types of _________________________ to government such as _________________________. “Why do we pay them? It seems so unfair! Now I can’t have my toy!” You respond, “We pay them because _________________________. Governments at each level provide _________________________ such as ______________________. It helps the economy because _________________________. “It doesn’t help me. I shouldn’t have to pay. I’m just a kid.” You respond, “Even kids benefit. One specific example is _________________________. A way that our family benefits is how _________________________. A way that our community benefits is how _________________________. “How was I supposed to know all this? I don’t have 19 cents. What do I do now?” You respond, “What you should do is create your own budget. A budget is _________________________. It lists all your _________________________ and _________________________. When you subtract _________________________ from _________________________, what is left can be a _________________________, _________________________, or it could be _________________________. The reason having a _________________________ is bad is because _________________________. “Will my budget be anything like the government’s budget?” You respond, “They have similarities and differences. Some similarities include _________________________. Some differences include _________________________.

Answer 1

“Why was the label wrong? It said $3.99!” Your respond, “It rang up as $4.19 because of ____________sales taxes_____________. These are _____going to the government________________. We pay other types of _____________taxes____________ to government such as _______poverty_taxes_________________. “Why do we pay them? It seems so unfair! Now I can’t have my toy!” You respond, “We pay them because ________the government provides services._________________. Governments at each level provide _________services________________ such as ________money for schools______________. It helps the economy because ___________proves a barrier that a companies has to owe to the government so prices can’t go lower that a certain point______________. “It doesn’t help me. I shouldn’t have to pay. I’m just a kid.” You respond, “Even kids benefit. One specific example is _______toy was made in china, somebody paid their taxes and the government paid china for that toy, so that you can buy it today and be able to play with it__________________. A way that our family benefits is how ______by paying they are stimulating the economy to grow, being able to give us the good life we live___________________. A way that our community benefits is how ____________it helps the government provide more homes for those individuals that need them_____________. “How was I supposed to know all this? I don’t have 19 cents. What do I do now?” You respond, “What you should do is create your own budget. A budget is ________a plan that helps you keep track of the money you recieve and you spend, allowing you to keep track without overspending_________________. It lists all your ____________expenses_____________ and __________the amount of money you can actually spend_______________. When you subtract ___________your income______________ from _________ what you spent________________, what is left can be a ________debt_________________, ____________surplus_____________, or it could be ___________deficit______________. The reason having a __________deficit_______________ is bad is because __________you spend more money then you have earned, which causes a debt_______________. “Will my budget be anything like the government’s budget?” You respond, “They have similarities and differences. Some similarities include ________that you have to keep track of your income and expenses_________________. Some differences include __________that the categories in you budget might not be the same and where you get the money will be different _______________.