Standard #: SS.912.FL.2.8


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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.



Related Courses

Course Number1111 Course Title222
2102300: Economics and Personal Finance (Specifically in versions: 2023 - 2024, 2024 and beyond (current))
2102305: Economics and Personal Finance Honors (Specifically in versions: 2023 - 2024, 2024 and beyond (current))
2102371: Personal Finance and Money Management (Specifically in versions: 2023 - 2024, 2024 and beyond (current))
2102373: Personal Finance and Money Management Honors (Specifically in versions: 2023 - 2024, 2024 and beyond (current))


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