Standards for Uncle Sam Takes a Bite
National Standards in Financial Literacy
Name: Earning Income
- Students will understand that: Most people earn wage and salary income in return for working, and they can also earn income from interest, dividends, rents, entrepreneurship, business profits, or increases in the value of investments. Employee compensation may also include access to employee benefits such as retirement plans and health insurance. Employers generally pay higher wages and salaries to more educated, skilled, and productive workers. The decision to invest in additional education or training can be made by weighing the benefit of increased income-earning and career potential against the opportunity costs in the form of time, effort, and money. Spendable income is lower than gross income due to taxes assessed on income by federal, state, and local governments.
Common Core State Standards
Name: Anchor Standards for Language
Name: Anchor Standards for Writing
Standard: College and Career Readiness Anchor Standards for Reading
Area: College and Career Readiness Anchor Standards for Reading
- Read and comprehend complex literary and informational texts independently and proficiently.
Standard: History/Social Studies -- Grade 11-12
Area: History/Social Studies -- Grade 11-12
- Determine the central ideas or information of a primary or secondary source; provide an accurate summary that makes clear the relationships among the key details and ideas.
Standard: History/Social Studies -- Grade 9-10
Area: History/Social Studies -- Grade 9-10
- Determine the meaning of words and phrases as they are used in a text, including vocabulary describing political, social, or economic aspects of history/social science.