Standard 1 : Earning Income



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General Information

Number: SS.912.FL.1
Title: Earning Income
Type: Standard
Subject: Social Studies
Grade: 912
Strand: Financial Literacy (Discontinued after 2023-2024)

Related Benchmarks

This cluster includes the following benchmarks
Code Description
SS.912.FL.1.1 (Discontinued after 2023-2024): Discuss that people choose jobs or careers for which they are qualified based on non-income factors, such as job satisfaction, independence, risk, family, or location.
SS.912.FL.1.2 (Discontinued after 2023-2024): Explain that people vary in their willingness to obtain more education or training because these decisions involve incurring immediate costs to obtain possible future benefits. Describe how discounting the future benefits of education and training may lead some people to pass up potentially high rates of return that more education and training may offer.
SS.912.FL.1.3 (Discontinued after 2023-2024): Evaluate ways people can make more informed education, job, or career decisions by evaluating the benefits and costs of different choices.
SS.912.FL.1.4 (Discontinued after 2023-2024): Analyze the reasons why the wage or salary paid to workers in jobs is usually determined by the labor market and that businesses are generally willing to pay more productive workers higher wages or salaries than less productive workers.
SS.912.FL.1.5 (Discontinued after 2023-2024): Discuss reasons why changes in economic conditions or the labor market can cause changes in a worker’s income or may cause unemployment.
SS.912.FL.1.6 (Discontinued after 2023-2024): Explain that taxes are paid to federal, state, and local governments to fund government goods and services and transfer payments from government to individuals and that the major types of taxes are income taxes, payroll (Social Security) taxes, property taxes, and sales taxes.
SS.912.FL.1.7 (Discontinued after 2023-2024): Discuss how people’s sources of income, amount of income, as well as the amount and type of spending affect the types and amounts of taxes paid.


Related Access Points

This cluster includes the following access points.

Access Points

Access Point Number Access Point Title
SS.912.FL.1.AP.1: Discuss why people choose jobs other than income factors.
SS.912.FL.1.AP.2: Explain why people choose to obtain education or training as it relates to immediate and future costs.
SS.912.FL.1.AP.3: Identify ways people make informed decisions about options by comparing the benefits and costs
SS.912.FL.1.AP.4: Describe the reasons why the job market pays workers differently
SS.912.FL.1.AP.5: Explain the reasons why changes in the economy can cause changes in a worker’s job status or income.
SS.912.FL.1.AP.6: Identify that various taxes are paid to three levels of government to provide goods and services to individuals.
SS.912.FL.1.AP.7: Describe how income earned and income spent affect the amount of taxes paid.


Related Resources

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

Lesson Plans

Name Description
Frankling Roosevelt Fireside Chats - Social Security :

In this lesson, students will become familiar with Franklin D. Roosevelt and his use of the radio to communicate with the American people one of the New Deal programs, Social Security. 

Art as a Career:

In part 1 of this unit, students identified the work of several local artists. They became familiar with various visual art related careers. In this lesson, part 2, students will choose one visual art related career to research in order to determine requisite skills, identify qualifications, analyze supply-and-demand, compare market location, and estimate potential earnings for the chosen career.

Factors Affecting Income:

Students will conduct research to synthesize information on two different career choices, their education requirements, and necessary technical skills then analyze how different factors can affect income, in this lesson plan.

Job Recruitment Simulation:

Students will examine factors that are most important to them in a job while weighing pros and cons of different choices as they take part in an online job recruitment simulation. Presented with job offers from three very different organizations within their fictional career field, students must accept one of the offers considering advancement opportunities, work environment, location, salary, and more in this interactive lesson plan.