Standard 1: Examine the various methods of preparation, possible benefits and tax responsibilities related to earning income.

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General Information
Number: SS.8.FL.1
Title: Examine the various methods of preparation, possible benefits and tax responsibilities related to earning income.
Type: Standard
Subject: Social Studies
Grade: 8
Strand: Financial Literacy

Related Benchmarks

This cluster includes the following benchmarks.

Related Access Points

This cluster includes the following access points.

Access Points

SS.8.FL.1.AP.1
Identify and describe how education and training are needed for the progression from a job to a career.
SS.8.FL.1.AP.2
Identify how decisions about incomes and job opportunities are affected by education, in a career or profession.
SS.8.FL.1.AP.3
Identify how continuing education and job skills training can increase a person’s income and opportunities.
SS.8.FL.1.AP.4
Identify the average wage or salary for different jobs and explain how they differ by level of education, job skill, or years of experience.
SS.8.FL.1.AP.5
Identify the fact that investment in education and training generally has a positive rate of return in terms of the income that people earn over a lifetime.
SS.8.FL.1.AP.6
Identify the opportunity costs that education, training, and development of job skills have in the terms of time, effort, and money.
SS.8.FL.1.AP.7
Identify that interest is a form of income earned from financial investments.
SS.8.FL.1.AP.8
Identify the fact that some people receive income support from government because they qualify in one of various ways for government assistance.

Related Resources

Vetted resources educators can use to teach the concepts and skills in this topic.

Lesson Plans

Spotlight: Architecture and Construction:

This is lesson 3 of a 6-lesson unit plan. Students will create specific questions to ask individuals invited to a Career showcase event, using one of the attached KWLH charts. Students will be tasked with writing and asking questions regarding one individual’s career such as their skills, abilities, and talents, and the level of training and education they have received. Additionally, using a timeline template, students will prepare questions pertaining to how much time was spent progressing through different stages of their career.

Type: Lesson Plan

Excellence Through Ethics: Ethical Job Hunting:

Hands on group activity that explores the importance or accurately representing yourself in a job interview. Explores job applications and the need to represent yourself truthfully

Type: Lesson Plan

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Parent Resources

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