Content Area Business Education
Personal Finance/Grade 11-12
Unit Title Personal Taxes
Essential Questions How does the government collect revenue?
Unit Overview Students will gain understanding of why we have a tax system in our country. Students will learn to prepare to complete a individual tax return
Standards/
CPI’s
Unit Learning Targets
As a result of this segment of learning, students
will…
Lessons and Activities
The learning experiences that will facilitate
engagement and achievement
8.1.8.A.10,1
2
8.1.8.B.4, 6
A. Analyze the balance between the
rights and responsibilities of citizens,
and apply the analysis to understanding
issues facing society in the United
States.
Students will view a PowerPoint
presentation, “Your Role as a Taxpayer”
and discuss the outcome.
B. Identify Income Tax systems
Teacher directed lecture on the tax systems
that are used around the world
 Fixed Tax Concept
 Progressive Tax System
 Tax Brackets
 Tax Tables
C. Identify the types and uses of
payroll taxes.
Students will follow and discuss the Fact
Sheet –Payroll Taxes and Federal Income
Tax Withholding, Form W-4 available on
the website.
Students will examine Government
Expenditures by Function to understand
where our tax money goes.
Evidence of
Learning
Formative and
Summative measures
Resources
Books, articles, text, etc.
Teacher
observation of
class participation
in discussion and
activity
www.irs.gov/app/unde
rstandingTaxes/
Teacher prepared
quiz
Tax for Teens, 2010
U.S. Government
Annual Report
(annually published)
Completion of
Form W-4
Students will complete an actual Form W-4.
North Arlington Public Schools
Content Area Business Education
Personal Finance/Grade 11-12
Unit Title Personal Taxes
Essential Questions How does the government collect revenue?
Unit Overview Students will gain understanding in how the tax system in our country works. Students will learn to complete a individual tax return .
Standards/
CPI’s
Unit Learning Targets
As a result of this segment of learning, students
will…
8.1.8.A.10,1
2
8.1.8.B.4, 6
D. Identify and navigate through a
Form W-2 (Wage and Tax Statement)
Lessons and Activities
The learning experiences that will facilitate
engagement and achievement
Students will view the Form W-2 and be
able to identify all parts of the form.
Teacher directed lecture of how Form W-2
is calculated in relation to the periodic
paycheck calculations. Study “Wahoo Fish
Tacos” example.
E. Identify taxable interest income and
nontaxable interest income.
Evidence of
Learning
Formative and
Summative measures
Teacher
observation of
class participation
in discussion and
activity
Students will view the Form 1099-Int and
be able to identify all parts of the form.
Teacher prepared
quiz
Teacher directed lecture of how Form 1099INT is calculated in relation to taxable and
nontaxable interest and dividends.
Assessment –
Interest Income
Resources
Books, articles, text, etc.
www.irs.gov/app/unde
rstandingTaxes/
U.S. Department of
the Treasury,
Publication 15 –
Circular E Employer’s
Tax Guide
Fact Sheet – Interest Income
Schedule B – Interest & Dividend Income
F. Explain what a dependent is and
apply the five dependency tests to
determine whether a person can be
claimed as a dependent.
Fact Sheet – Dependents
Online activity – Simulation 4A complete
and discuss topics
Completion of
Form 1099-INT
Assessment –
Dependents
North Arlington Public Schools
Content Area Business Education
Personal Finance/Grade 11-12
Unit Title Personal Taxes
Essential Questions What is reportable to the government for income and expenses of individuals?
Unit Overview Students will gain understanding in how the tax system in our country works. Students will learn to complete a individual tax return
Standards/
CPI’s
8.1.12.B.112
8.2.8.A.1-5
8.2.12.A.3
9.1.12.B.3
9.2.8.A.1, 5
Unit Learning Targets
As a result of this segment of learning, students
will…
G. List the five filing statuses and
determine the best filing status for the
taxpayer
Lessons and Activities
The learning experiences that will facilitate
engagement and achievement
Teacher lecture and listing of the 5 filing
statuses and their requirements.
Students will navigate through the Tutorial
– Filing Status and work through
Simulation 5 – Identifying Filing Status and
Dependents.
H. Explain how exemptions affect
income that is subject to tax and
determine the number of exemptions to
claim on a tax return
I. Complete a Federal Form 1040EZ
Students will examine the Fact Sheet:
Exemptions and discuss the various types of
exemptions:
 Personal
 Dependency
Teacher directed lecture of the filing
requirements for a taxpayer.
Evidence of
Learning
Formative and
Summative measures
Teacher
observation of
class participation
in discussion and
activity
Resources
Books, articles, text, etc.
www.irs.gov/app/unde
rstandingTaxes/
Teacher prepared
quiz
Teacher prepared
simulations for
1040 EZ
completion
Students will follow the Federal Form 1040
EZ simulations prepared by the teacher and
complete the forms
North Arlington Public Schools
Content Area Business Education
Personal Finance/Grade 11-12
Unit Title Personal Taxes
Essential Questions What is reportable to the government for income and expenses of individuals?
Unit Overview Students will gain understanding in how the tax system in our country works. Students will learn to complete a individual tax return
Standards/
CPI’s
8.1.12.B.112
8.2.8.A.1-5
8.2.12.A.3
9.1.12.B.3
9.2.8.A.1, 5
Unit Learning Targets
As a result of this segment of learning, students
will…
J. Explain how the standard deduction
affects income that is subject to tax and
the factors that determine the amount
of standard deduction.
Lessons and Activities
The learning experiences that will facilitate
engagement and achievement
Students will examine the Fact Sheet –
Standard Deduction and work through
Simulation 7A and 7B.
Upon completion students will take the
online Assessment – Standard Deductions.
K. Complete a Federal Form 1040
Teacher directed lecture of the filing
requirements for a taxpayer.
Evidence of
Learning
Formative and
Summative measures
Teacher
observation of
class participation
in discussion and
activity
Resources
Books, articles, text, etc.
www.irs.gov/app/unde
rstandingTaxes/
Teacher prepared
quizzes/tests
Students will follow the Federal Form 1040
simulations prepared by the teacher and
complete the forms.
L. Explain how the itemized deduction
affects income that is subject to tax and
the factors that determine the amount
of standard deduction.
Students will learn to complete Schedule A
– Itemized Deductions- all lines and
deductions.
Teacher prepared
simulations for
1040 completion
North Arlington Public Schools
Content Area Business Education
Personal Finance/Grade 11-12
Unit Title Planning a Wedding: Budgeting
Essential Questions How can I prepare for adult life?
Unit Overview Students will be preparing a budget and comparing the budget vs. actual numbers while utilizing the internet to plan a wedding.
Standards/
CPI’s
Unit Learning Targets
As a result of this segment of learning, students
will…
A. Prepare a budget in an Excel
spreadsheet
8.1.12.B.112
8.2.8.A.1-5
8.2.12.A.3
9.1.12.B.3
9.2.8.A.1, 5 B. Accumulate and tabulate actual
9.2.12.A.1-3 expenditures for the wedding
simulation.
Lessons and Activities
The learning experiences that will facilitate
engagement and achievement
Based upon a specific scenario – students
will prepare a budget, using Excel, for a
wedding.
Using on-line and print sources, students
will research, accumulate and calculate all
aspects of an actual wedding. Research
includes comparison shopping and staying
within budget for all expenditures.
Evidence of
Learning
Formative and
Summative measures
Completion of the
budgeted
expenditures on an
Excel spreadsheet
Resources
Books, articles, text, etc.
www.theknot.com
www.theweddingchan
nel.com
Project rubric
The Wedding Project
Portfolio from data file
Multimedia project will include (but not be
limited to):
 Registering for shower gifts
 Finding a Banquet hall
 Travel Tickets
 Accommodations
 Favors
 DJ and Video
 Wedding Attire
 Invitation design
North Arlington Public Schools
Content Area Business Education
Personal Finance/Grade 11-12
Unit Title Buying/Leasing a Car
Essential Questions Should I purchase or lease a vehicle?
Unit Overview Students will utilize the internet and various resources to decide whether to buy or lease a vehicle.
Standards/
CPI’s
Unit Learning Targets
As a result of this segment of learning, students
will…
A. Determine disposable income
8.1.12.B.112
8.2.8.A.1-5
8.2.12.A.3
9.1.12.B.3
9.2.8.A.1, 5
Lessons and Activities
The learning experiences that will facilitate
engagement and achievement
Teacher directed discussion of fixed and
variable expenses to determine disposable
income.
Students completion of handout to calculate
disposable income.
Evidence of
Learning
Formative and
Summative measures
Teacher
observation of
class participation
in discussion and
activity
Verbal quiz
B. Determine the real costs of a new
car
Teacher directed discussion including
topics:
 Initial Expenses
 Annual Expenses
Students will research (using online
sources) the current costs of such expenses
and discuss the prices fluctuation. Research
will be presented in the form of an Excel
spreadsheet.
Resources
Books, articles, text, etc.
www.kbb.com
msn autos website
www.consumer
reports.com
Motor Trend
Magazine
Project rubric
Consumer Reports
Magazine
Current Newspapers
C. Understand the seller’s plan
Students will view the handout, “Dealers
Plan of Action” to familiarize themselves
with the car buying process.
Teacher prepared
quiz
North Arlington Public Schools
Content Area Business Education
Personal Finance/Grade 11-12
Unit Title Buying/Leasing a Car
Essential Questions Should I purchase or lease a vehicle?
Unit Overview Students will utilize the internet and various resources to decide whether to buy or lease a car. They will identify the pros and cons of both
buying and leasing.
Standards/
CPI’s
Unit Learning Targets
As a result of this segment of learning, students
will…
8.1.12.B.112
8.2.8.A.1-5
8.2.12.A.3
9.1.12.B.3
9.2.8.A.1, 5
C. Understand the seller’s plan
(continued)
Lessons and Activities
The learning experiences that will facilitate
engagement and achievement
Students may go on a trip to a local car
dealership to discuss the process with actual
salespeople.
Students will explore the costs of the dealer
including:
 Dealer Invoice
 Rebates
 Adjustments
 Dealer Costs
D. Identify different ways to pay for
the car
E. Define and identify ways to make a
down payment for a car
Evidence of
Learning
Formative and
Summative measures
Teacher
observation of
class participation
in discussion and
activity
www.kbb.com
www.consumer
reports.com
Motor Trend
Magazine
Students will list and discuss the ways of
paying for an automobile, including: cash,
financing and leasing.
Consumer Reports
Magazine
Class discussion regarding paying a cash
down payment or financing and acquisition
fees.
Other topics discussed include:
 MSRP
 Purchase Price
 Down Payment
 Loan Terms
 Interest
Resources
Books, articles, text, etc.
Current Newspapers
Teacher prepared
quiz
North Arlington Public Schools
Content Area Business Education
Personal Finance/Grade 11-12
Unit Title Buying/Leasing a Car
Essential Questions How is the value of a car affected over time?
Unit Overview Students will gain understanding of the leasing process and how the value of the car depreciates over time .
Standards/
CPI’s
Unit Learning Targets
As a result of this segment of learning, students
will…
8.1.12.B.112
8.2.8.A.1-5
8.2.12.A.3
9.1.12.B.3
9.2.8.A.1, 5
F. Define leasing and identify the
different aspects of leasing as an
option to a new car
Lessons and Activities
The learning experiences that will facilitate
engagement and achievement
Students will follow the handout, “Leasing
an Automobile”. They will follow online
the Kelley Blue Book site to familiarize
themselves with the costs involved.
Topics covered:
 Value of the car
 Depreciation
 Residual Value
 Acquisition Fees
 Licensing Fees
 Sales Tax
 Leasing Terms
 Interest Rates
 Gap Insurance
Evidence of
Learning
Formative and
Summative measures
Teacher
observation of
class participation
in discussion and
activity
Resources
Books, articles, text, etc.
www.kbb.com
www.consumer
reports.com
Motor Trend
Magazine
Project rubric
Consumer Reports
Magazine
Current Newspapers
G. Create a multimedia project
determining whether buying or leasing
is the best option for them
In a PowerPoint project students will use
print and online sources to choose an
automobile, determine the costs of buying
or leasing, calculate the difference and
determine which option is best for them.
Teacher prepared
test
North Arlington Public Schools
Content Area Business Education
Personal Finance/Grade 11-12
Unit Title Credit
Essential Questions Should I pay cash or credit?
Unit Overview Students will gain understanding of the world of credit, borrowing money and paying for the use of money
Standards/
CPI’s
Unit Learning Targets
As a result of this segment of learning, students
will…
8.1.12.B.112
8.2.8.A.1-5
8.2.12.A.3
9.1.12.B.3
9.2.8.A.1, 5
A. Define credit
Lessons and Activities
The learning experiences that will facilitate
engagement and achievement
Students will participate in a role play
activity that demonstrates what a promise is
and how credit is extended based upon
those promises.
Evidence of
Learning
Formative and
Summative measures
Class participation
in discussions and
activities
Resources
Books, articles, text, etc.
Lifetime Learning
Systems, Inc., Credit
Drives America
Using overhead transparencies students will
define credit and understand how credit is a
series of promises.
B. Identify common types of credit
C. Fill-out a credit application and
proceed through the Credit Approval
Process
Topics for discussion include:
 Revolving Credit
 Purchase Financing
 Secured Financing
 Unsecured Financing
Verbal quiz
Students will complete a credit application.
Completion of
assignment
Student handout and discussion on the
“Three C’s of Credit”
Students will view a sample credit report
and define its parts. The will be able to
identify the top credit reporting agencies
and request their own credit report.
Teacher prepared
test
North Arlington Public Schools
Content Area Business Education
Personal Finance/Grade 11-12
Essential Questions What is the true cost of credit?
Unit Overview Students will establish credit history and
Unit Title Credit
the responsibility of their financial actions. Students will study what is takes to create a
positive background.
Standards/
CPI’s
8.1.12.B.112
8.2.8.A.1-5
8.2.12.A.3
9.1.12.B.3
9.2.8.A.1, 5
Unit Learning Targets
As a result of this segment of learning, students
will…
D.Identify the terms of a Finance
Agreement
Lessons and Activities
The learning experiences that will facilitate
engagement and achievement
Evidence of
Learning
Formative and
Summative measures
Students will view and discuss a Finance
Agreement including the legal requirements
and terms.
Class participation
in discussions and
activities
Students will complete the activity, “Know
your Credit Card” Parts I & II
Students will view the presentation, Credit
Superhero
E. Establish and maintain credit
Students will discuss credit history and the
importance of it, responsibility for their
financial actions, and what it takes to create
a positive financial background.
Resources
Books, articles, text, etc.
Lifetime Learning
Systems, Inc., Credit
Drives America
“What is Your
Money I.Q.?”
“Credit Wise
Quiz”
Teacher prepared
test
Transparencies and student handouts will
provide discussion and reference material.
North Arlington Public Schools
Content Area Business Education
Personal Finance/Grade 11-12
Unit Title Getting a Job
Essential Questions How can I prepare myself for the interview process?
Unit Overview
Students will learn to compile a resume, write effective cover letters and experience .
Standards/
CPI’s
Unit Learning Targets
As a result of this segment of learning, students
will…
8.1.12.B.112
8.2.8.A.1-5
8.2.12.A.3
9.1.12.B.3
9.2.8.A.1, 5
9.2.12.A.1-3
9.2.12.E.1,
2
9.2.12.B.2,
3
A. Prepare a resume
B. Prepare a cover letter
C. Identify the parts of a portfolio
D. Complete an interview for a job
Lessons and Activities
The learning experiences that will facilitate
engagement and achievement
Teacher directed preparation of a resume.
Students will view samples of resumes and
prepare their own.
Teacher directed preparation of an effective
cover letter. Students will view samples of
cover letters and prepare their own.
Evidence of
Learning
Formative and
Summative measures
Participation and
Project rubric
Interview notes
from Interviewer
Resources
Books, articles, text, etc.
The Job Hunting
Handbook
www.usdepartmentofl
abor.gov
Teacher directed preparation of an effective
job portfolios. Students will view samples
of job portfolios.
After completing all the above parts
students will complete mock interviews
with various members of the faculty and
administration to fully appreciate the job
interview process.
North Arlington Public Schools