Brenham ISD Unit Plan
Unit 7: Financial Literacy (7 days) | Math / 5th | |
What do we want students to know and be able to do? Step 1: Identify the essential standards for the unit. | ||
Essential Standards | Supporting Standards | |
None | 5.10A Define income tax, payroll tax, sales tax, and property tax. 5.10B Explain the difference between gross income and net income. 5.10E Describe actions that might be taken to balance a budget when expenses exceed income. 5.10F Balance a simple budget. Not Tested 5.10C Identify the advantages and disadvantages of different methods of payment, including check, credit card, debit card, and electronic payments. 5.10D Develop a system for keeping and using financial records. | |
What are the specific learning targets (bite-sized pieces of learning) that lead to students being able to accomplish the unit goals? Step 2: Unwrap the essential teks. | ||
Learning Targets (Student Objectives) | ||
What should students know and be able to do? (Information, processes, concepts, main ideas that students must know or understand) (Performance, skills, or actions students must do or demonstrate) | Big Ideas: Students will know and be able to do:
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What academic language / vocabulary should students acquire and use? (Include the term and definition) | Balanced Budget - when revenues are equal to or greater than total expenses Budget - An estimate of income and spending for some period of time. Credit Card - a payment card issued to users (cardholders) to enable the cardholder to pay a merchant Debit Card - a financial term that refers to the use of funds from a bank account Deduction - To take away from. To subtract. Electronic Payment - a way of making transactions or paying bills online or through an electronic medium, without the use of physical checks Expense - Money spent on items or services Gross Income - total revenue received before any deductions or allowances Income - Money earned from working, investments or doing business. Income Tax - Money that the government collects based on income, sales, and other activities Net Income - the overall sales revenue of a business minus the general expenses, costs of goods sold, taxes, operational costs, and any other expenses. Payroll Tax - An amount taken from a person's pay and sent somewhere else. Property Tax - calculated by taking the mill rate and multiplying it by the assessed value of your property Retail Cost - Cost of goods + Markup = Retail Price Sales Tax - a percent of the purchase price Wages - a payment usually of money for labor or services usually according to contract and on an hourly, daily, or piecework basis | |
How will we know if they have learned it? (common summative assessment) Step 3: Discuss evidence of the end in mind - How will you know if students achieved these standards? What type of task could they perform or complete by the end of the unit? With what level of proficiency? With what type of problem or text (stimulus)? Could include exemplars or a rubric. | ||
Students will demonstrate mastery of the unit by completing the following:
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Where in the unit does it make sense to see if our students are learning what we are teaching? What evidence will we collect along the way? (common formative assessment) Step 4: Plan the timing for common formative assessments - As the team designs the plan, include the quality instructional practices that support high levels of student learning. | ||
Sequential Plan for Unit Instruction and Monitoring Learning | ||
Days Into Instruction | Common Formative Assessment (What are the formative checkpoints?) | |
4 | Types of Taxes, Gross/Net Income/Balancing a Budget | |
Notes: | ||