Core Curriculum Content Standards

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21st Century Life and Careers Standards Learning Progressions

9.2 Personal Financial Literacy All students will develop skills and strategies that promote personal and financial responsibility related to financial planning, savings, investment, and charitable giving in the global economy.
A. Income and Careers
By the end of Grade 4 By the end of Grade 8 By the end of Grade 12
Content: Educational achievement, career choice, and entrepreneurial skills all play a role in achieving a desired lifestyle.

9.2.4.A.1 Explain the difference between a career and a job, and identify various jobs in the community and the related earnings.
Content: Educational achievement, career choice, and entrepreneurial skills all play a role in achieving a desired lifestyle.

9.2.8.A.1 Relate how career choices, education choices, skills, entrepreneurship, and economic conditions affect income.
Content: Educational achievement, career choice, and entrepreneurial skills all play a role in achieving a desired lifestyle.

9.2.12.A.1 Analyze the relationship between various careers and personal earning goals.
Content: Income often comes from different sources, including alternative sources.

9.2.4.A.2 Identify potential sources of income and their limitations.
Content: Educational achievement, career choice, and entrepreneurial skills all play a role in achieving a desired lifestyle.

9.2.8.A.2 Differentiate among ways that workers can improve earning power through the acquisition of new knowledge and skills.
Content: Educational achievement, career choice, and entrepreneurial skills all play a role in achieving a desired lifestyle.

9.2.12.A.2 Identify a career goal and develop a plan and timetable for achieving it, including educational/training requirements, costs, and possible debt.
Content: Income affects spending decisions and lifestyle.

9.2.4.A.3 Explain how income affects spending and take-home pay.
Content: Educational achievement, career choice, and entrepreneurial skills all play a role in achieving a desired lifestyle.

9.2.8.A.3 Relate earning power to quality of life across cultures.
Content: Educational achievement, career choice, and entrepreneurial skills all play a role in achieving a desired lifestyle.

9.2.12.A.3 Analyze how the economic, social, and political conditions of a time period can affect starting a business and can affect a plan for establishing such an enterprise.
Content: Taxes and the cost of employee benefits affect the amount of disposable income.

9.2.4.A.4 Explain the meaning and purposes of taxes and tax deductions and why fees for various benefits (e.g., medical benefits) are taken out of pay.
Content: Educational achievement, career choice, and entrepreneurial skills all play a role in achieving a desired lifestyle.

9.2.8.A.4 Relate how the demand for certain skills determines an individual’s earning power.
Content: Educational achievement, career choice, and entrepreneurial skills all play a role in achieving a desired lifestyle.

9.2.12.A.4 Summarize the financial risks and benefits of entrepreneurship as a career choice.
Content: Income often comes from different sources, including alternative sources.

9.2.8.A.5 Explain the difference between “earned income” and “unearned income” (e.g., gifts) and why earned income is important.
Content: Educational achievement, career choice, and entrepreneurial skills all play a role in achieving a desired lifestyle.

9.2.12.A.5 Evaluate current advances in technology that apply to a selected occupational career cluster.
Content: Income affects spending decisions and lifestyle.

9.2.8.A.6 Examine how labor market trends and the cost of living can affect real income, spending decisions, and lifestyle.
Content: Income often comes from different sources, including alternative sources.

9.2.12.A.6 Analyze and critique various sources of income and available resources (e.g., financial assets, property, and transfer payments) and how they may substitute for earned income.
Content: Taxes and the cost of employee benefits affect the amount of disposable income.

9.2.8.A.7 Explain the purpose of the payroll deduction process, taxable income, and employee benefits.
Content: Income often comes from different sources, including alternative sources.

9.2.12.A.7 Analyze different forms of currency, how currency is used to exchange goods and services, and how it can be transferred from one person’s business to another.
Content: Taxes and the cost of employee benefits affect the amount of disposable income.

9.2.8.A.8 Differentiate among the types of taxes and employee benefits.
Content: Income affects spending decisions and lifestyle.

9.2.12.A.8 Analyze how personal and cultural values impact spending and other financial decisions.
Content: Taxes and the cost of employee benefits affect the amount of disposable income.

9.2.8.A.9 Differentiate between taxable and nontaxable income.
Content: Taxes and the cost of employee benefits can affect the amount of disposable income.

9.2.12.A.9 Demonstrate how exemptions and deductions can reduce taxable income.
Content: Taxes and the cost of employee benefits can affect the amount of disposable income.

9.2.12.A.10 Explain the relationship between government programs and services and taxation.
Content: Taxes and the cost of employee benefits can affect the amount of disposable income.

9.2.12.A.11 Explain how compulsory government programs (e.g., Social Security, Medicare) provide insurance against some loss of income and benefits to eligible recipients.
Content: Taxes and the cost of employee benefits can affect the amount of disposable income.

9.2.12.A.12 Analyze the impact of the collective bargaining process on benefits, income, and fair labor practice.