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II. Income
Benchmark
Using calculators and appropriate technology, students acquire and apply skills and knowledge to make informed decisions related to income.
Indicators
a. Analyze and compute personal income from information associated with salary, investments, tips, commissions, and other benefits.
b. Investigate and compare gross and net income for a variety of career choices.
c. Determine and evaluate total net worth from income, assets, and liabilities.
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III. Money Management
Benchmark
Using calculators and other appropriate tecnology, students acquire and apply skills and knowledge to make informed decisions about money management resources.
Key Terms
Indicators
a. Investigate and compare the cost-effectiveness of a variety of banking services including checking, savings, loans, investments, mutual funds, bonds, and credit cards.
b. Simulate the process associated with managing a checking account.
c. Use estimation skills and money management strategies to plan a budget for an individual or a family including food, clothing, housing, transportation, medical expenses, insurance, recreation, education, savings, and investments.
d. Investigate and compare a variety of taxes to include income (federal, state, and local), property, utility, and special purpose taxes such as entertainment, luxury, gasoline, excise, and import.
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IV. Career Choices
Benchmark
Using calculators and other appropriate technology, the student will acquire and apply skills and knowledge to interpret and analyze data, model statistics, and make informed decisions about career choices.
Key Terms
Indicators
a. Collect research, interpret data, and make informed decisions about career choices from information related to geographic location, education, training, technology, and occupational trends.
b. Collect research, interpret data, and make informed decisions about career choices from information related to the job market including population trends and affirmative action hiring practices especially as related to changing demographics.
