Embed Size (px)
Citation preview
CNN Student NewsOctober 27, 2014
Last Week’s Answers
1. American Jeffrey Fowle was released from North Korea yesterday. He was arrested for leaving what item in his hotel room? A Bible
2. An investigation is currently underway to determine if charges should be filed against a police officer in the shooting death of a teenager in what Missouri city? Ferguson
3. The comet Siding Spring came within 82,000 miles of what planet in our Solar System? Mars
Fast Facts – Were you watching?
1. Three states have instituted new quarantine rules for people returning from West Africa. Name two of these states.
2. Yesterday an NFL game took place in Europe. What city was the game played in?
3. Many US companies use a practice to avoid paying corporate taxes here at home. They do this by purchasing a small company overseas. What is this practice called?
Individual/Household Income Taxes
This table shows tax brackets for people. By finding how much money you make on the left, you can determine how much you pay to the government on the right. Notice: The more money you make, the larger amount you pay in taxes.
Corporate TaxesThese are “Corporate” Tax Rates – the percent of the money a company earns in profits that they must pay the government. Many companies realize that they can save money in taxes by “moving” their company overseas. They can still sell products here, but must store the money in banks in other countries.
Reflection Questions (Choose One)
4. What do you think about the new quarantine rules that some states are using? Some people say that it is a violation of rights to trap someone in a hospital room for three weeks even though they show no symptoms, while others say it’s a necessary precaution. What do you think? Explain your answer.
5. Do you think it’s fair that companies move their stuff overseas to save money on taxes? GE (General Electric) famously paid zero taxes for years in a row. However, many of these companies say that they do this since the US tax rates are too high. Whose side are you on? Explain your answer.
Exit Ticket
Your ticket out of class today: On a notecard (handed out by the teacher), list
as many reasons as you can (a bulleted list) of why the world’s population is growing. We will use these later this week in class.
MAKE SURE YOU PUT YOUR NAME ON YOUR CARD!
