Understanding Money - Tasks

1/. Describe the difference between Wages and Salaries?

2/. What is a payslip and why should you receive one?

3/. Do self-employed workers pay tax and how do they pay tax?

4/. What happens if when you start work you do not give your employer your T.F.N. after 28 days?

5/. Tax Returns - what are they and can they be good for you?

6/. When must you lodge a tax return?

7/. What is superannuation?

8/. What financial services can a bank offers and what sort of accounts can you have - describe them all?

9/. What is a bank loan?

10/. What needs to be taken into account in a monthly budget?

11/. How can you save money?

12/. Good debt - what this?

13/. Bad debt - what is this?

14/. What is spiralling debt?

15/. Go to the Money Savvy Quiz and answer the 15 questions - using the question number and the answer letter only.

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