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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.
General Information
Subject Area: Social Studies
Grade: 912
Strand: Financial Literacy
Date Adopted or Revised: 05/24
Status: State Board Approved
Related Courses
This benchmark is part of these courses.
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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