Math Units Page

Math Units Page 2017-01-14T17:06:35-05:00

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Lesson Title Types of Income
Unit Title Financial Literacy-Tax Time
NRS Level Level 3
Length of Lesson 90 minutes
Lesson Purpose

To help students identify the differences between gross and net income, through the deductions taken from gross income.  


Related Documents
Income-Matching.docx Types-of-Income.ppt TypesofIncomeProjectmath.docx Weekly-Salaries.docx
Lesson Objectives

 At the end of this lesson, students will be able to differentiate the difference between gross and net incomes and calculate deductions from gross income to find net pay.  

 

 

Student Target

“I can differentiate the difference between gross and net incomes.”

“I can calculate deductions from gross income to find net pay.”

CCR Focus Standards
Number and Ratios - Level D
  • Solve real-world and mathematical problems involving the four operations with rational numbers.

  • Use proportional relationships to solve multistep ratio and percent problems. Examples: simple interest, tax, markups and markdowns, gratuities and commissions, fees, percent increase and decrease, percent error. (Also see 7.G.1 and G.MG.2)

Supporting Standards
  • Understand that positive and negative numbers are used together to describe quantities having opposite directions or values (e.g., temperature above/below zero, elevation above/below sea level, credits/debits, positive/negative electric charge); use positive and negative numbers to represent quantities in real-world contexts, explaining the meaning of 0 in each situation.

Standards for Mathematical Practice
  • Make sense of problems and persevere in solving them. (MP.1)

  • Attend to precision. (MP.6)

KYAE Employability Standards
  • E.2 Utilize workplace tools and technologies to communicate effectively (e.g., memos/e-mails, basic computer programs, phone systems).

  • E.5 Utilize resources responsibly.

  • E.7 Accurately analyze information and respond appropriately.