1. Taxation 2. Types of Taxes 3. Wage Slips 4. Calculating Personal Tax Liability
Taxation and Wage Slips
Learning Outcomes
[1.4] Explain key personal taxes and charges and suggest the occasions when and why they might arise.
[1.11] Interpret a wage slip and calculate personal tax liability arising from employment. Learning Intentions
At the end of this unit, I will be able to: Explain taxation Outline the types of tax a household pays Calculate a wage slip and personal tax liability
Finally, I will: Understand why we pay taxes
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Information I may already know that will support this unit:
Types of income, DIRT tax on savings, VAT increases prices for consumers, households must pay their tax bills.