Question

Can somone help me fill this out

Answer 1

You and your sibling, whose name is _________________________, go to your favorite store called _________________________. There, _________________________ finds a toy to buy, called a _________________________. (He or She) really wants this toy. The toy is labeled $3.99, and so (he or she) 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 or She) 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 $4.19 because of _________________________. These are _________________________. We pay other types of _________________________ to government such as _________________________.

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

You respond, “We pay them because _________________________. Governments at each level provide _________________________ such as ______________________. It helps the economy because _________________________.

“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 _________________________. A way that our family benefits is how _________________________. A way that our community benefits is how _________________________.

“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 is _________________________. It lists all your _________________________ and _________________________. When you subtract _________________________ from _________________________, what is left can be a _________________________, _________________________, or it could be _________________________. The reason having a _________________________ is bad is because _________________________.

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

You respond, “They have similarities and differences. Some similarities include _________________________. Some differences include _________________________.