Where do your tax dollars go?

EQ - Where do our federal tax dollars go?

1.  Preview Survey
2. Activator - Where Did My Tax Dollars Go 
3. Partnership Activity
1. Choose one category where tax dollars are allocated
2. Create a poster to illustrate the components of your category
3. Share with the class
4. Assignment
1. Answer the EQ
2. Describe your opinion on how our federal income are dispersed.
1. Do you think the allocation is appropriate? Why or why not?
2. If you could change anything regarding how tax dollars are spent, what would you change?  Explain.

What do you mean I can't keep all of my money?

EQ - What is the difference between gross pay and net pay?

1. Activator - Money, Money, Money, Money
2. Open Ended Response
1. Preview the question
2. Read the article
3. Class discussion
4. Identifying Key Vocabulary
1. Gross Pay, Net Pay, Wages, Taxes, Deductions
5. Previewing a Paystub - Click Here
6. How are these taxes used?
7. TOD - Knowing the effect of deductions from your paycheck, how might this impact you when you begin financial planning using SMART Goals?

Opportunity Cost

EQ - How does opportunity cost affect our decisions?

1. Activator: Gas Prices
2. Calculate the Savings
3. Discussion: What can we do with that extra money?
4. Introduction to Opportunity Cost
1. Examine your choices
2. Weighing the benefits
3. Making Your decision
4. Identifying the opportunity cost
5. Discussion Question: What are the benefits and opportunity cost of spending your income today?
6. Discussion Question: What are the benefits and opportunity cost of saving some of your income?
7. Analysis - College v. Entering the workforce
8. Application: Complete "A Tale of Two Savers"
9. TOD/Homework - 
1. How does opportunity cost impact SMART Goals? 
2. Analyze 1 of your SMART Goals and identify the opportunity cost/costs of achieving your goal.

 UNIT 2 EXAM TOMORROW (REMEMBER YOUR LIFE MAP)