Financial Literacy

Homework: Review Notes

Opening

(I Do)

Standards

FIN-FL-3

Analyze taxes in the United States and evaluate the effect on personal income.

Learning Target(s) related to the standard(s)

• I can understand where my tax money is going and why we pay taxes
• I can identify which tax bracket a person is in based on income
• I can read and identify the parts of my W2 form
• I can read, and identify parts a 1040ez tax form

Success Criteria

• I can calculate how much taxes a person would pay based on their Federal and State income tax brackets
• I can fill out a 1040ez tax form

Introduction/Connection/Direct Instruction

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• Daily 10  – see overhead projector, prepare to share/discuss
• Understanding where your tax money goes
• Federal and State Income Tax Brackets
• Understanding your Pay Stub and W2
• Understanding the 1040EZ and other tax documents

Work Period

(We Do, You Do)

Guided Practice

Collaborative Practice

Indepdendent Practice

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• Tax Facts Research
• Calculating Income Taxes Practice
• Reading W2 Forms
• Filling out a 1040 
• Calculating Federal and State Income Tax Assignment
• 1040 Assignment 1
• 1040 Assignment 2
• Study Guide

Differentiation

• Individual and small group work
• Collaborative pairs
• Printed handouts where needed

Formative/Summative Assessments

(We Check)

Assessment Uses/Strategies

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Students will have an ongoing assessment to check for Employability Skills.

• Students will take an exam to assess their knowledge of taxes and ability to properly fill out tax documents

Closing

(We Check)

Summarize/Share

•             TOTD

Schoolwide Instructional Focus

Literacy (Reading and Writing)

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Every Monday and Wednesday I require my students to read and business or finance related current event. They then write a short summary and opinion on the article and share with the class.

Attachments:

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