1. Government Finance: Lesson 2-Provincial
Revenues and Expenditures
1. Terms: nothing new from lesson 1
a.
2. Assignment:
a. Read Lessons 2A and 2B and complete the following
questions to be handed in next class for a completion
check:
i. Lesson 2A: Q’s 2 and 3
ii. Lesson 2B: Q’s 3,5,7 and 9
3. Mathematics:
a. You will have to find calculate the prices of items with
tax in some questions. PST is listed as 7% and GST is
listed as 7%. Now, GST is 5%, but for the sake of
checking your answers use 7%. The quick method to
calculate for one of the taxes is:
i. Ex. A shirt for $24.88 with PST is $24.88 X 1.07 =
$26.62 with tax. To include both taxes: $24.88 X
1.14 = $28.36