| Code |
Description |
| SS.912.FL.2.1: | Describe how people choose jobs or careers for which they are qualified based on potential income as well as non-income factors, such as job satisfaction, independence, risk, family, or location.Clarifications:
Clarification 1: Instruction includes the identification of non-income factors and the importance of these factors as compared to potential income. Clarification 2: Instruction includes the ways that an individual can earn income: full-time employee, part-time employee, self-employment, investment, or passive income.
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| SS.912.FL.2.2: | 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.Clarifications:
Clarification 1: Instruction includes how people’s willingness to wait or plan for the future affects their decision to get more education or job training in a dynamic and changing labor market. Clarification 2: Instruction includes 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.
Clarification 3: Instruction includes the barriers people may face when investing in education and training.
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| SS.912.FL.2.3: | Analyze the ways that people can make more informed education, job, or career decisions by evaluating the benefits and costs of different choices.Clarifications:
Clarification 1: Instruction includes comparing the benefits, costs, and the return on investment of a college education to those of a technical school. Clarification 2: Instruction includes comparing the unemployment rates of workers with different levels of education. Clarification 3: Instruction includes various career pathways including those that do not require college attendance.
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| SS.912.FL.2.4: | Analyze the reasons why the wage or salary paid to workers in jobs is usually determined by the labor market.Clarifications:
Clarification 1: Instruction includes the variance of wages or salaries among workers in different types of jobs and among workers in the same jobs. Clarification 2: Instruction includes the importance of worker productivity to businesses and why a business may decide to pay workers differently depending on their productivity.
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| SS.912.FL.2.5: | Discuss reasons why changes in economic conditions or the labor market can cause changes in a worker’s income or may cause unemployment.Clarifications:
Clarification 1: Instruction includes discussing how a recession may impact the unemployment rate. Clarification 2: Instruction includes how changing and emerging technologies may impact the unemployment rate.
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| SS.912.FL.2.6: | Explain that taxes are paid to federal, state, and local governments to fund government goods and services as well as transfer payments from government to individuals.Clarifications:
Clarification 1: Instruction includes the identification of the governmental agency that receives tax revenue for a specific tax. Clarification 2: Instruction includes the identification of the use of specific tax revenues. Clarification 3: Instruction includes the major types of taxes: income, payroll, property, and sales tax.
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| SS.912.FL.2.7: | Explain how interest, dividends, and capital gains are forms of income earned from financial investments.Clarifications:
Clarification 1: Instruction includes understanding the differences between interest, dividends, and capital gains. |
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| SS.912.FL.2.8: | Evaluate how the sources of income, amount of income, as well as the amount and type of spending affect the types and amounts of taxes paid.Clarifications:
Clarification 1: Instruction includes tax rates on earned income, interest, and capital gains. Clarification 2: Instruction includes how federal tax brackets illustrate a progressive tax and a sales tax is viewed as a regressive tax as well as the differences between each type of tax. Clarification 3: Instruction includes types of goods that are subject to sales taxes and those that are exempt.
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| SS.912.FL.2.9: | Describe why some people choose to become entrepreneurs as a career choice.Clarifications:
Clarification 1: Instruction includes evaluating the benefits and costs of entrepreneurship. Clarification 2: Instruction includes identifying the roles and characteristics of an entrepreneur and understanding that taking on risk is an implicit part of being an entrepreneur. Clarification 3: Instruction includes understanding how owning a small business can be a person’s primary career or can supplement income from other sources. Clarification 4: Instruction includes the tax implications of being an entrepreneur such as the self-employment tax.
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| SS.912.FL.2.10: | Evaluate the benefits and costs of “gig” employment.Clarifications:
Clarification 1: Instruction includes understanding the motivating factors for being self-employed or working as an independent contractor in the “gig” economy. |
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| SS.912.FL.2.11: | Describe how Social Security is funded and the benefit it provides to retirees. |
| SS.912.FL.2.12: | Identify and complete appropriate tax forms to calculate the amount of federal income tax owed.Clarifications:
Clarification 1: Instruction includes the identification of various payroll taxes and withholdings (e.g., Social Security, Medicare, federal withholding, etc.). Clarification 2: Instruction includes formally (using tax tables) and informally (estimating) calculating taxes. Clarification 3: Instruction includes understanding why calculating one’s taxes may differ from the government’s calculations.
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| SS.912.FL.2.13: | Describe the types and sources of taxes at the local level.Clarifications:
Clarification 1: Instruction includes understanding that states, counties, and municipalities may have different tax rates and taxes. Clarification 2: Instruction includes understanding that local taxes are dedicated to a particular use, such as schools or local infrastructure projects.
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