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Content Area
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21st-Century Life and Careers
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Standard
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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.
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Strand
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A. Income and Careers
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| By the end of grade |
Content Statement |
CPI# |
Cumulative Progress Indicator (CPI) |
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4
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Educational achievement, career choice, and entrepreneurial skills all play a role in achieving a desired lifestyle.
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9.2.4.A.1
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Explain the difference between a career and a job, and identify various jobs in the community and the related earnings.
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Income often comes from different sources, including alternative sources.
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9.2.4.A.2
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Identify potential sources of income and their limitations.
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Income affects spending decisions and lifestyle.
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9.2.4.A.3
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Explain how income affects spending and take-home pay.
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Taxes and the cost of employee benefits affect the amount of disposable income.
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9.2.4.A.4
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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.
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8
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Educational achievement, career choice, and entrepreneurial skills all play a role in achieving a desired lifestyle.
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9.2.8.A.1
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Relate how career choices, education choices, skills, entrepreneurship, and economic conditions affect income.
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9.2.8.A.2
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Differentiate among ways that workers can improve earning power through the acquisition of new knowledge and skills.
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9.2.8.A.3
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Relate earning power to quality of life across cultures.
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9.2.8.A.4
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Relate how the demand for certain skills determines an individual’s earning power.
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Income often comes from different sources, including alternative sources.
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9.2.8.A.5
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Explain the difference between “earned income” and “unearned income” (e.g., gifts) and why earned income is important.
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Income affects spending decisions and lifestyle.
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9.2.8.A.6
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Examine how labor market trends and the cost of living can affect real income, spending decisions, and lifestyle.
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Taxes and the cost of employee benefits affect the amount of disposable income.
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9.2.8.A.7
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Explain the purpose of the payroll deduction process, taxable income, and employee benefits.
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9.2.8.A.8
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Differentiate among the types of taxes and employee benefits.
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9.2.8.A.9
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Differentiate between taxable and nontaxable income.
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12
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Educational achievement, career choice, and entrepreneurial skills all play a role in achieving a desired lifestyle.
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9.2.12.A.1
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Analyze the relationship between various careers and personal earning goals.
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9.2.12.A.2
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Identify a career goal and develop a plan and timetable for achieving it, including educational/training requirements, costs, and possible debt.
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9.2.12.A.3
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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.
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9.2.12.A.4
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Summarize the financial risks and benefits of entrepreneurship as a career choice.
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9.2.12.A.5
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Evaluate current advances in technology that apply to a selected occupational career cluster.
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Income often comes from different sources, including alternative sources.
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9.2.12.A.6
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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.
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9.2.12.A.7
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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.
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Income affects spending decisions and lifestyle.
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9.2.12.A.8
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Analyze how personal and cultural values impact spending and other financial decisions.
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Taxes and the cost of employee benefits can affect the amount of disposable income.
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9.2.12.A.9
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Demonstrate how exemptions and deductions can reduce taxable income.
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9.2.12.A.10
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Explain the relationship between government programs and services and taxation.
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9.2.12.A.11
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Explain how compulsory government programs (e.g., Social Security, Medicare) provide insurance against some loss of income and benefits to eligible recipients.
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9.2.12.A.12
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Analyze the impact of the collective bargaining process on benefits, income, and fair labor practice.
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