WILL MARK BRAINLIEST
1. Write two sentences to explain what taxes are.
2. Write two sentences to explain how taxes support the economy
3. Write at least three sentences to give specific examples of how youth, families, and communities benefit from taxes
4. Write in complete sentences to explain what a budget is, how to make one, and how to balance it.
5. Write two sentences to describe one similarity and one difference between personal and national budgets

Youth, families, and communities benefit from taxes to public services. Through taxes, roads can be built and schools can be funded. Without taxes we might not have an organized way to fund things, and it would be hard to gather the money. Taxes are put in the responsibility of elected officials

Answer Link

anagotum anagotum · Answer 2 · 2021-04-20T23:11:40+02:00

1.Taxes are a compulsory financial charge that the citizens have to pay to the government in order to live at a revenue, for a transaction,ect.

2. Taxation on goods, income or wealth influence economic behaviour and the distribution of resources. For example, higher taxes on carbon emissions will increase cost for producers, reduce demand and shift demand towards alternatives.

4. The term ‘Budget’ means an estimate of income and expenditure for a set period of time. Budgets help with financial plans, you should ideally balance out your budget by calculating how much money you spend on yourself through a seven day period; then you should collect your monthly tax income. (This will help to create a balanced budget by setting aside a quantity of money for yourself and for your monthly taxes.)