History, 15.04.2020 21:26 elliswilliams1063
Directions: To use this template, replace the items in (parentheses) with your own writing as instructed.
You and your sibling, whose name is alex, go to your favorite store called target. There, your sibling finds a toy to buy, called a hot wheels. It is labeled $3.99, and so alex brings it to the cashier. The cashier says, âThat will be $4.27.â Your sibling removes four one-dollar bills from a pocket and then, finding no more money, starts to cry. Alex turns to you and begins asking questions as you walk away from the counter.
âWhy was the label wrong? It said $3.99!â
You respond, âIt rang up as $4.27 because of tax. (Write two sentences to explain what taxes are.)"
âWhy do we pay taxes? It seems so unfair! Now I canât have my toy!â
You respond, âWe pay them because they help our economy. (Write two sentences to explain how taxes support the economy.)"
âIt doesnât help me. I shouldnât have to pay. Iâm just a kid.â
You respond, âEven children benefit. (Write at least three sentences to give specific examples of how youth, families, and communities benefit from taxes.)"
âHow was I supposed to know all this? I donât have 27 cents. What do I do now?â
You respond, âWhat you should do is create your own budget. (Write in complete sentences to explain what a budget is, how to make one, and how to balance it.)"
âWill my budget be anything like the governmentâs budget?â
You respond, âThey have similarities and differences. (Write two sentences to describe one similarity and one difference between personal and national budgets.)"
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