Code |
Description |
MA.912.F.4.1: | Develop personal budgets that fit within various income brackets. |
MA.912.F.4.2: | Explain cash management strategies including debit accounts, checking accounts, and savings accounts. |
MA.912.F.4.3: | Calculate net worth. |
MA.912.F.4.4: | Establish a plan to pay off debt.
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MA.912.F.4.5: | Develop and apply a variety of strategies to use tax tables, and to determine, calculate, and complete yearly federal income tax.
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MA.912.F.4.6: | Compare different insurance options and fees. |
MA.912.F.4.7: | Compare and contrast the role of insurance as a device to mitigate risk and calculate expenses of various options.
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MA.912.F.4.8: | Collect, organize, and interpret data to determine an effective retirement savings plan to meet personal financial goals. |
MA.912.F.4.9: | Calculate, compare, and contrast different types of retirement plans, including IRAs, ROTH accounts, and annuities. |
MA.912.F.4.10: | Analyze diversification in investments. |
MA.912.F.4.11: | Purchase stock with a set amount of money, and follow the process through gains, losses, and selling.
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MA.912.F.4.12: | Compare and contrast income from purchase of common stock, preferred stock, and bonds. |
MA.912.F.4.13: | Given current exchange rates be able to convert from one form of currency to another. |
MA.912.F.4.14: | Use data to compare historical rates of return on investments with investment claims to make informed decisions and identify potential fraud. |
This cluster includes the following access points.
Access Point Number |
Access Point Title |
MA.912.F.4.In.a: | Create a personal budget that fits take-home income after taxes. |
MA.912.F.4.In.b: | Use real-world strategies needed to manage personal income. |
MA.912.F.4.In.c: | Identify differences in methods for saving money, such as a savings account, money market account, or savings bonds. |
MA.912.F.4.In.d: | Identify reliable sources to assist with personal money management, tax preparation, and financial decisions. |
MA.912.F.4.In.e: | Use strategies to determine how much sales and income tax must be paid in real-world situations. |
MA.912.F.4.In.f: | Identify purposes of different types of insurance, such as health, automobile, tenant, and life insurance. |
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