3. State whether the following statements are true or false. a. Entrepreneurs value money and success over all else. b. Business laws and regulations are designed to only beneýt businesses. c. Entrepreneurs are exempt from fair trading laws. d. Following environmental protection laws beneýts entrepreneurs and businesses because many customers value this 4. Explain why paying income tax is seen as a responsibility of people who earn an income. APPLY AND ANALYSE 5. Do you think you have what it takes to be an entrepreneur? Explain , drawing attention to what you see as your strengths and weaknesses for such a career. 6. Explain how an entrepreneur’s values can help them to meet employment laws. 7. Describe the values that you possess, and outline how these values might help you in your future. 8. Explain what is meant by a ‘progressive income tax’ and why this is considered a fair system. 9. Use the tax rates in 17.6.1 to calculate how much each of the following people would pay in tax: • Adam who earned $37 650
• Catherine who earned $115 900 • Rachael who earned $78 400
• John who earned $267 200 • Simon who earned $138 300 Answers and sample responses for this topic are available online.
LESSON 17.7 How are Aboriginal and Torres Strait Islander Peoples entrepreneurs?
LEARNING INTENTION By the end of this lesson you should be able to describe the characteristics of Aboriginal and Torres Strait Islander entrepreneurs.
Tune in You can ýnd your purpose in your working life in many ways.
FIGURE1 What’s your purpose?
1. Consider what you would like to do when you leave education and enter the world of work. 2. What would be your aim or purpose? Would you focus on earning money? If so, what would you do with the money that you make? 3. Would you focus on helping a community group? If so, which one and why? 4. What do you think the term ‘proýt with purpose’ means? Discuss this with a partner.
612 Jacaranda Humanities Alive 7 Victorian Curriculum Third Edition
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