Pls

directions: to use this template, replace the items in parentheses with your own writing as instructed.

you and your sibling, whose name is bob, go to your favorite store called a toy store. there, your sibling finds a toy to buy, called a toy. it is labeled $3.99, and so bob brings it to the cashier. the cashier says, "that will be $4.27." your sibling removes four one-dollar bills from a pocket and then, finding no more money, starts to cry. bob turns to you and begins asking questions as you as you walk away from the counter.

"why was the label wrong? it said $3.99! "

your respond, "it rang up as $4.27 because of tax. (write two sentences to explain what taxes are.)"

"why do we pay taxes? it seems so unfair! now i can't have my toy! "

you respond, "we pay them because they our economy. (write two sentences to explain how taxes support the economy.)"

"it doesn't me. i shouldn't have to pay. i'm just a kid."

you respond, "even kids benefit. (write at least three sentences to give specific examples of how youth, families, and communities benefit from taxes.)"

"how was i supposed to know all this? i don't have 27 cents. what do i do now? "

you respond, "what 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.)"

"will my budget be anything like the government's budget? "

you respond, "they have similarities and differences. (write two sentences to describe one similarity and one difference between personal and national budgets.)"

Taxes are a way for the government to collect money from its citizens. Almost every item you purchase has a tax attached to it and some products have higher taxes tahn others.

Once the government collect the taxes, they use it to build roads, schools and parks. The government decides how much of those taxes goes to which department.

There are many ways you benefit from taxes, the salary that your teacher collects comes from taxes, so does police and fire men and every public employee you can think of. When you go to the park and play and you see all the swings in perfect shape, that maintenance can happen thanks to taxes.

A budget is an estimation of how much money you have and how much money you can spend. you can make a budget by taking how much you earned and how much does it cost to purchase the items that you want, the cost of the items that you want must not be higher than the total amount of the money you earned.

Both budgets pretty much works the same way. It's the amount of money you or the government have to spend, the difference is in the things that you spend it on. You can spend it on whatever item you want to get and the government has to spend it in departments beneficial to the community.

Hope this helps

You and your sibling, whose name is    , go to your favorite store called     Walmart.   . There, .    finds a toy to buy, called a     nerf gun    . He really wants this toy. The toy is labeled $3.99, and so he brings it to the cashier. The cashier tells your sibling, “That will be $4.19.” Your sibling removes four dollar bills from a pocket and then, finding no more money, starts to cry. He turns to you and begins asking questions as you walk away from the counter.

“Why was the label wrong? It said $3.99!”

You respond, “It rang up as $4.19 because of     taxes    . This is     extra money business have to charge because the government saves the money in a piggy bank like we do, just in case something brakes, they can take money out of the bank to fix it. Things like roads and buildings.    . We pay other types of     taxes     to the government such as     federal state and local taxes    

“Why do we pay them? It seems so unfair! Now I can’t have my toy!”

You respond, “We pay them because     it’s the law    Governments at each level provide us with different things such as roads, food for us to but It helps the economy because where would the government get their money, so they can buy things for us to buy

“It doesn’t help me. I shouldn’t have to pay. I’m just a kid.”

You respond, “Even kids benefit. One specific example is getting free vaccines. A way that our family benefits is how we get to pay only less after being hospitalized. A way that our community benefits is how we get new school buildings.

“How was I supposed to know all this? I don’t have 19 cents. What do I do now?”

You respond, “What you should do is create your own budget. A budget how you plan to spend your money. It lists all your income and expenses. When you subtract expenses from income

. what is left can be spent how you please , on things you don't really need or it could be an emergency fund. The reason having a budget is bad is because you can't spend all of your money that you would like to.  

“Will my budget be anything like the government’s budget?”

You respond, “They have similarities and differences. Some similarities include paying for transportation. Some differences include  the governments highest priority is social security, while personal budgets do not include that.  

( hope this helps!!! the stuff in bold is what gose in the blanks. <3