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(b) On an average how much do you spend a week for soda, candy, gum, and picture shows?

(c) How much does it amount to in a year?

(d) Suppose you spend half as much and put the other half in a savings bank to draw 5% interest, compounded annually, how much would your savings for a year amount to in 20 years? in 25 years? in 50 years?

III. Periodical Investment Table

1. (a) If you save $1 every year and put it in a savings bank at 5%, compounded annually, in 20 years you will have $34.72 instead of $20.

(b) At the same rate, how much will you have if you save $10 a year?

PERIODICAL INVESTMENT TABLE

Showing the amount of $1 at compound interest, if an additional $1 is saved and invested at the end of each interest period, whether that be a year or part of a year.

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2. If you begin saving when you are 10 years old and save $25 a year, receiving 4% interest, compounded annually, how much will you have when you are 30 years old?

3. At 20 years of age, if you save an additional $50 a year under the same conditions, how much will you have from both savings by the time you are 30 years old?

R. COMMUNITY PRIVILEGES

I. Rural or Urban Communities

1. What did you have for breakfast this morning that you could not have had, if you lived alone on some island instead of among people?

2. What do you have to wear that you could not have if you lived alone?

3. What comforts and conveniences do you have in your home, just because you live among people?

4. If you live in a city, what conveniences and privileges do you have that you would lack if you lived in a rural community?

5. Would your needs be the same if you lived in the country or in a village as if you lived in a city? Why? 6. (a) If a farmer's house or barn catches fire, who puts the fire out?

(b) Why must city people pay for fire protection?

7. Compare the need of police protection in the country and in the city.

8. Where does the farmer get his water supply? Where does the city man get it?

9. Why are good roads and paved streets necessary? Who should pay for them?

10. (a) In a country like ours should every boy and girl have the privilege of going to school, or only those who can pay for it?

(b) Who pays for the free public school education?

II. How Privileges Are Paid For - Taxes

1. (a) How do people pay for these privileges of living together in communities that individuals cannot get for themselves?

(b) Do only a few people get the benefit of them or does everybody?

(c) Who, then, should pay the taxes?

The money paid to the city or other government for furnishing the conveniences and protection to the people is called taxes.

2. The amount of taxes a person pays depends upon his ability to pay. The city, county, and state officials who attend to the government business plan a year's budget to find out how much money is needed. They find out how much property there is to be taxed, and calculate what per cent of its value must be paid for taxes.

3. (a) In 1918 every person that owned property in Columbus paid as taxes 1.4% of its value as listed with the Government.

(b) Mr. Albright owns property in Columbus valued at $16,000. How much taxes did he pay in 1918?

(c) Mr. Beacon's property is worth $25,750. What
were his taxes in 1918?

(d) The 1.4% is the tax rate, or rate of taxation.
(e) If the tax rate in Columbus for 1919 is 1.56%,

how much taxes does each of these men pay,
if there is no change in the valuation of their
property?

4. How much tax does Mr. Clark pay on $5400 worth of property if the tax rate is 1.8%?

5. How much does Mr. Dean pay on property valued at $245,300, if the rate of taxation is 1.47 %?

6. Mr. Evans has five pieces of property:

(a) A house and lot valued at..

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$ 1,250

2,750

3,300

800

(d) A vacant lot valued at..

(e) A store building and lot valued at. 18,000

If the tax rate for 1917 was 1.36 %, for 1918, 1.43 %, and for 1919, 1.58 %, how much taxes did he pay on each piece of property each year, if there was no change in valuation? 7. (a) The rate of taxation is a per cent of the value of the property. But it may be stated in several ways. A tax rate of 1.45% means

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(b) No matter which form is used to show the rate,

it is the same per cent.

(c) Show that 14.5 mills on $1 is the same per cent as $1.45 on $100.

8. What is the per cent of taxation, if the rate is

(a) 16 mills on a dollar of valuation?

(b) $17.80 on each $1000 of valuation?

(c) $2.40 on each $100 of valuation?

(d) 15.6 mills on each dollar of valuation?

9. Find the tax paid on the following valuations of property at the given rate of taxation for each:

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10. (a) Find the present tax rate in your community. (b) Compute the taxes paid by persons in your community whose property valuations are as follows:

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(6) 45,600

(7) 550,000

(8) 12,800

11. Why are taxes in rural communities lower than those in near-by cities?

12. There are other kinds of taxes besides those on property that bring money into the treasuries of the city, county, state, and nation. If you are interested, find out what these other sources of income are.

III. Transportation and Mail

1. (a) There are many other community privileges for which we do not pay as directly as for those for which we pay taxes. The opportunity of earning money or doing business comes from people's living together.

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