Monday- Minimum Household Budgets

Tuesday-Sales Tax

Wednesday- 7th Grade Reading Staar Test

Thursday- Income Tax

Friday- Quiz: Personal Finance

Teks

7.13 Personal financial literacy. The student applies mathematical process standards to develop an economic way of thinking and problem solving useful in one’s life as a knowledgeable consumer and investor. (A) calculate the sales tax for a given purchase and calculate income tax for earned wages (B) identify the components of a personal budget, including income; planned savings for college, retirement, and emergencies; taxes; and fixed and variable expenses, and calculate what percentage each category comprises of the total budget, use a family budget estimator to determine the minimum household budget and average hourly wage needed for a family to meet its basic needs in the student’s city or another large city nearby.