General Knowledge
What is the name of the creek closest to La Salle College?
Blackadder
True or False: Interest on deposits is considered income
True
GST stands for?
Goods and Services Tax
True or False: Superannuation is money put aside for your retirement.
True
Name 4 mobile phone brands.
Teacher discretion
In what room was our very first Life Skills class?
T5
Give an example of earned income.
Salary or Wage
From which tax does the federal government gets most of its revenue?
Personal Income Tax
Who pays your superannuation?
Your employer
What operating system does a Samsung mobile phone have?
Android
What House was Mr Cernoch in before Jordan came into existence?
Mutien
What are transfer payments?
Income paid by the government to those at a disadvantage.
What is the Tax free threshold?
$18,200
What is the rate of superannuation that you get paid?
11%
What does buying an unlocked phone mean?
That you can choose your own network.
On what date is the Opening Ceremony of the Paris Olympics?
26 July 2024
How much interest is earned in a month on a $25,000 deposit earning 4.8% interest per annum. (You may use a calculator)
$100
On what does the federal government spend most of its taxation revenue?
Social security payments
Write down the name of a Superannuation Fund
Teachers discretion
Name the 3 mobile phone networks in Australia
Telstra, Optus and Vodafone
In which year did La Salle College open?
1954
How much per fortnight is the JobSeeker payment for a single person? (+/- $25 is acceptable)
$763
Define what a progressive taxation system is.
Where people on higher incomes are asked to pay higher rates of tax than those on lower incomes
What investment strategy should you use for your superannuation as a young person?
Aggressive, high growth
In what year was the big Optus data breach?
2022