work and wellbeing Flashcards
Why do people work?
To utilize skills and abilities, meet new people, increase self-confidence, develop personally, and escape from personal struggles.
What are financial reasons for working?
To earn income, exchange for goods and services, maintain a good standard of living, and receive salary or wages.
What is work-life balance?
The division of one’s time and focus between work and family or leisure activities.
What is a major economic benefit of work?
Taxes.
What is tax?
A portion of money that individuals pay to the government to provide services to society.
What are some types of tax?
Income tax (tax on wages)
GST tax (10% flat rate on most products, excluding basic items)
Superannuation (15% tax rate towards super account)
What is the eeo
Equal employment opportunities, treating everyone the same based purely off work reformable
