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Preparing an Income Statement
Tenth graders discuss the contents of income statements. In this accounting instructional activity, 10th graders are introduced to the parts of an income statement. Students practice filling out the four parts of an income statement,...
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Interest Income
Students identify taxable interest income, and report taxable and tax-exempt interest income.
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Lesson 5: Creating a Budget
Learners define and discuss concepts of income and expense, figure out monthly take home pay, keep track of their spending for one month, identify at least ten categories of expenses, and develop budgets to prevent falling into debt.
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Final Analysis
In this consumer mathematics learning exercise, students calculate the total amount of money they earned during a project given. Then they transfer the expenses from each month to find their totals. Students also calculate to find their...
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Show Me the Money
Pupils investigate financial applications of mathematics in this mathematics instructional activity. They will investigate equations that represent a company’s income, expense, and profit functions and use those equations to identify...
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Why Would I Owe My Soul to the Company Store?
Sixth graders listen to "Sixteen Tons" by Tennessee Ernie Ford and discuss what it means to owe one's soul to a store. In this mathematics lesson, 6th graders determine what a miner's income was minus his expenses graphing findings in a...
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Graphing It Out
Students create bar graphs. In this graphing lesson, students explore the concepts of net pay, gross pay, income and expenses. They create a bar graph to designate financial outlay during a specified period.
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Value of Education: Education and Earning Power
Students explore the earning power of someone with a post-high school education. For this education and income lesson, students evaluate examples of occupations, their salaries, and education level needed for the job. Students calculate...
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Parents of Teens Ride Waves of Expenses
Learners explore the concept of the cost of raising a child. In this cost of raising a child lesson, students read an article about the expenses associated with teenagers. Learners discuss ways in which parents maneuver finances for...
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A Plan for the Future: Making a Budget
From fixed and variable expenses to gross income and net pay, break down the key terms of budgeting with your young adults and help them develop their own plans for spending and saving.
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Monthly Income and Expense Worksheet
In this budget learning exercise, learners record monthly income and expenses on a chart. They include income and expenses such as utilities, charitable giving, food, transportation, and insurance. They determine the monthly surplus or...
Practical Money Skills
Living on Your Own
Independent living can be fun, but also overwhelming if you don't know how to budget your income and expenses. Go over the ways that kids can manage their money as they take a huge step into adulthood with a project-based lesson about...
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Budgeting Your Financial Resources
Students explore the aspects of making a budget. In this money management lesson, students learn the importance of budgeting and what all goes into creating a budget by eventually creating a budget of their own including how much they...
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It Has to Balance
Second graders use a price list and balance sheet to plan for a day of fun at the beach. They consider expenses, income, and balancing of resources.
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Budgeting
Sixth graders construct a budget for a family of four including a column for income and no less than ten columns for expenses, all of which will be expressed and totaled in dollar amounts. They are also requested to write a scenario in...
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The Expenditure Sheet
Students differentiate between expenditure and income. In this algebra lesson, students create a spreadsheet labeling the date, item and amount as they track their expenses. They format the cells of the spreadsheet to do all the...
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Two Ways to Analyze Fiscal Policy
Challenge your class with this fiscal policy instructional activity. Learners analyze graphs to answer questions about aggregate expenditures, the real national income, and the recessionary gap.
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Life on the Run: A Budget for Claudia and Jamie
In this budget activity, learners create a budget for 2 girls that are trying to escape and use their allowances as the income they have. Students create a budget based on their income and expenses. They also answer 7 short answer...
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Budgeting Money
Students explore the concept of budgeting. In this budgeting lesson, students pick an occupation and develop a list of needs and wants. Students make a list of monthly expenses and budget their income to afford those expenses.
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Your First Job
High schoolers determine that they are responsible for paying income taxes through withholdings on earned income. They examine the Form W-4.
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Learning to Spend, Learning to Give
Students explore the concept of personal finances. In this personal finances lesson, students identify their income and expenses. Students create a budget for their spending, saving, investing, and donating habits. Students draw graphs...
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What is the Importance of Developing Job Skills?
Financial literacy is the way to teach! The class works in small groups to discover the relationship between education and income level. They use their math and problem-solving skills to complete two different activities. They work out a...
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Module 8-Tax Credit for Child and Dependent Care Expenses
Pupils explain the tax credit for child and dependent care expenses. They distinguish between a tax deduction and a tax credit. They see how the tax credit for child and dependent care expenses affects the tax liability.
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Earned Income Credit
Students distinguish between tax deduction and tax credit, explain how the earned income credit affects the tax liability, apply requirements to claim the earned income credit, and describe factors that determine the amount of the earned...