Day 42 (8)

TEACHER EVALUATION

CLEAN OUT YOUR FOLDER & HAND IT IN

TAX DAY

Everyone is required to pay income taxes on or around April 15. In this class, you will be taxed at a flat rate. You can get tax deductions for charitable contributions. For example, donating items for the auction or performing community service, you could receive a deduction of $100 for each contribution. Under the flat-rate system, you will pay $500 in yearly income tax unless you receive deductions.

Introducing taxes

Where Do Our Taxes Dollars Go? Taxes Activity

Tax day procedures

    1. Each student completes the tax form to determine the amount of taxes he or she owes.
    1. The student enters that amount as a withdrawal in his or her bank log.
    1. The student takes the bank log and tax form to the Banker to verify the amounts.
  1. The Banker verifies the tax amount and makes sure the bank logs match.
  2. Work on a lesson in Everfi’s Financial Literacy course that you started last class.
  1. Investing in You: Today you will advise Sydney, a high school student, on her future career path. You must help her narrow down the career path she’d like to pursue – by examining her skills and interests, the career’s income potential, and it’s education and training requirements. Afterwards, you will help Sydney find ways to reduce the out-of-pocket cost of her first year of post-secondary education.

    GOAL: When you leave class today, you will be able to………

    1. Match personal skills and interests to various career options
    2. Compare education and training requirements, income potential and primary duties between multiple jobs of interest
    3. Compare the costs of post-secondary education with the potential increase in income and lifetime earnings from a career choice

    RIGHT NOW:

    1. Log in to everfi.com
    2. Complete Module 4–Investing in You
    3. Choose a CHROME JEOPARDY LINK from this site: https://www.nd.gov/cte/crn/CareerJeopardy/Jeopardy.htm

    GOAL: At the end of class today, you will be able to………

    1. Evaluate different career options based on job preferences and skills
    2. Understand the costs and benefits of different post secondary paths

    RIGHT NOW:

    1. Of the following, which is the first thing you can do when preparing for college and career?
      1. Apply for as many jobs as possible
      2. Have a mock interview with a family member or friend
      3. Make a list of preferences and skills
      4. Sign up for internships
    2. Get out a sheet of notebook paper and take 5 minutes to brainstorm and list your own skills and interests.
    3. After the 5 minutes, get with a partner to work through sorting your list into two categories: job skills and job preferences.
    4. After sorting the items from your list write them into the correct categories on the graphic organizer (GET THE GRAPHIC ORGANIZER–The College and Career Planning Worksheet–from your instructor, remember that this is what you helped the FutureSmartTM character, Sydney Arnold, do in Module 4.
    5. Do you recall what the next step was in finding the right career for Sydney in yesterday’s module?
    6. You will now be doing your own career and college research and making plans for your future.
    7. Complete The College and Career Planning Worksheet (the back side). Review all sections of the worksheet so you know what your assignment is.
    8. Navigate to the following webpage: http://www.bls.gov/k12/content/students/careers/career-exploration.htm.
      1. Do you know how to find information related to the career options on this page?
      2. Using your list of job skills and preferences, choose a career to research and fill out your “Career” and “College” columns on the planning sheet.
      3. Once you have completed the “College” and “Careers” columns on your worksheet, complete the final column, “What can I do NOW?” You will not need the computer for this portion.
    9. Return to your partner that you worked with to categorize your preferences and skills.
    10. Present your research to your partner
    11. Share your research with the whole group
    12. Turn in your research before you leave class

    Growing a Business: Today you will help Mia, a business owner, calculate her monthly profit and loss, and devise a strategy to save up for new capital for her business. You must help the business owner open savings and checking accounts, grow her money faster with a certificate of deposit, and make monthly transaction decisions.

    GOAL: When you leave class today, you will be able to:

    1. Analyze a budget to calculate revenue, expenses, and profit/loss
    2. Model how to open a deposit account at a financial institution
    3. Compare different interest-bearing accounts, including savings, checking and certificates of deposit, based on their interest rate, liquidity, minimum balance requirements and fee structure
    4. Describe how regular contributions and compounding frequency impact the growth of savings
    5. Summarize the effect of inflation and deflation on the price of goods and purchasing power over time

    RIGHT NOW:

    1. Log in to everfi.com
    2. Complete Module 5: Growing a Business
    3. Re-take Module 4 quiz

    GOAL: Before you leave class today you will have the opportunity to learn about entrepreneurs.

    RESEARCH: Great Innovators & Innovations–MAKE A COPY & DO IT

    INTERVIEW: An Entrepreneur–MAKE A COPY & PRINT IT FOR EXTRA CREDIT GOAL: Before you leave today you will have the opportunity to choose which direction this class will go for the remainder of the trimester AND you will have the opportunity to select a business idea.

    GOAL: Today you will have the opportunity to come up with your own business idea.

    1. PLEASE COMPLETE THIS SURVEY FIRST TODAY: https://goo.gl/forms/9A83n66SIlxE6mJf2
    2. CREATE: A Business Idea–MAKE A COPY & DO IT & SHARE IT WITH tracyweber@bellevue.k12.ia.us
    3. Check JMC & turn in any missing work–first for this class and then for your other classes.
    4. If time permits, learn about how to run a Coffee Shop by playing this game: Coffee Shop

    GOAL: When you leave class today, you will be able to………
    1. Create your own business plan for a product/service
    RIGHT NOW:
    1. Watch 2 samples of “Shark Tank” Business Pitches via YouTube examples. Rate effectiveness on scale of 1-10.
      1. Sample 1: Mo’s Bows (Show from 0:00 to 1:36 only) https://www.youtube.com/watch?v=7elivBOu31c
      2. Sample 2: M3 Girls Designs: 1:47 Long https://www.youtube.com/watch?v=zSCCKnkyHNM
    2. Get the “Building a Business Plan” worksheet–You will write a script of your own business plan to present to your peers, persuading them to invest in your company.
    3. When finished, you will present your plans to the class
    4. If you finish early:
      1. Draw an advertisement for your business
      2. Generate ideas for possible commercials
      3. Research and explore possible locations for your business in your local community
    5. In your Word Online file for this class:
      1. Choose whether or not they would invest in your classmates businesses.
      2. You should articulate whether you thought the business pitch was effective and why
    6. Coffee Shop
    GOAL: When you leave class today, you will be able to………
    1. Create your own advertising campaign for your business
    RIGHT NOW:
    1. ANALYZE: ADVERTISING CAMPAIGNS–Activity–Make a copy of this file and then work through it
    2. Before the end of class, do the following. You will present them to the class at the end of class:
      1. Create a logo for your business
      2. Draw an advertisement for your business
      3. Make a 15-30 second commercial for your business
    3. In an email message to me, send me the PUBLISHED link for your video or attach the video file to the email message OR your advertisement AND attach your logo saved as a JPG to the email also. Please write in the email why you think people should visit your business or buy your product/service.
    4. Coffee Shop
    GOAL: Before you leave class today you will know what an effective business pitch is and you will have the opportunity to create your own pitch for you own business idea. CREATE: An Effective Pitch–MAKE A COPY & DO IT & SHARE IT WITH tracyweber@bellevue.k12.ia.us

    GOAL: When you leave class today, you will be able to………

    • Create your own advertising campaign for your business

    RIGHT NOW:

    1. Create a logo for your business
    2. Draw an advertisement for your business
    3. Make a 15-30 second commercial for your business
    4. In an email message to me, send me the PUBLISHED link for your video or attach the video file to the email message OR your advertisement AND attach your logo saved as a JPG to the email also. Please write in the email why you think people should visit your business or buy your product/service.
    5. Coffee Shop
Your Financial Future: You will accompany Chris, a recent college graduate, as he goes through a “life simulation”, helping him make insurance and investment decisions at critical life milestones. You will help Chris select different insurance policies (and experience how random, unexpected occurrences can lead to financial loss), and help him adjust his investment portfolio as he nears retirement age. GOAL: When you leave class today, you will be able to ………
  1. Model insurance decisions that can be used to minimize the risk of financial loss
  2. Categorize the kinds of expenses that typical auto, renters’, homeowners’ and health insurance policies cover
  3. Describe the differences between a premium, deductible, copayment, and coinsurance
  4. Investigate the use of liability insurance to cover accidental bodily harm or damage to another person’s property
  5. Describe and compare stocks, bonds, and mutual funds based on their typical risk and return levels
  6. Suggest appropriate investment types for people based on their risk tolerance and investment growth timeframe
  7. Explain how money invested regularly over time may grow exponentially
  8. Explain how stock markets facilitate the buying and selling of securities
RIGHT NOW:
  1. Log in to everfi.com
  2. Complete Module 6: Your Financial Future
  3. Run a Corporation
GOAL: When you leave class today, you will be able to……..
  1. Find companies on the New York Stock Exchange website
  2. Identify stock information for companies listed on the New York Stock Exchange
RIGHT NOW:
  1. Today you will be researching stock prices and trends of companies that manufacture and sell the products and services you use.
  2. Get the Comparing Stocks worksheet and complete Part 1 of the worksheet.
  3. Get Part II from your teacher. You will use the NYSE website to complete the Part 2 of the Comparing Stocks worksheet. Note: If you are unable to find a company on the NYSE site conduct a search to find out the parent company in order to find stock information.
    1. Using your computer begin your stock market research. Navigate to the following webpage: www.nyse.com
    2. Do you know how to search for companies on the NYSE website? Use the search feature in the top right corner of the website. Once a company is found, be sure you know how to locate the following information:
      1. NYSE Symbol
      2. Highest Price
      3. Lowest Price
      4. Yesterday’s Closing Price
      5. 1 month price history (Located in the price chart section of the “Quote” page)
  4. Share your findings, using some of the following questions:
    1. What companies did you research?
    2. Who had the highest stock price?
    3. Who had the lowest stock price?
    4. Have any of the companies had an upward stock price trend in the last month?
    5. Have any of the companies had a downward stock price trend in the last month?
    6. Did another company own any of the companies you researched?
  5. PLAY STAX BY FOLLOWING THE INSTRUCTIONS IN THIS HANDOUT–GET THE PRINTED VERSION FROM YOUR TEACHER–PORTFOLIO DASHBOARD REFERENCE GUIDE–You can get a printed version of this from your teacher also.
Build Your Blueprint: Using your knowledge and experience from the course, you will set your own financial goals and make plans for your future. Your answers create a portfolio piece – your “Blueprint” – that can be printed or shared with others. This personalized document details your future career interests, plans for post secondary education, and next action steps. GOAL: When you leave class today you will be able to ……….
  1. Understand that attitudes and values affect financial decisions
  2. Identify and reflect on their personal values, financial habits and mindsets
  3. Apply systematic decision making to setting and achieving financial goals
  4. Construct and prioritize personal financial goals
  5. Determine the cost of achieving a goal
  6. Give examples of how decisions made today can affect future opportunities
  7. Devise a strategy to finance the costs of post-secondary education
RIGHT NOW:
  1. Log in to everfi. com
  2. Complete Module 7: Build Your Blueprint
  3. Play Invest
CHECK IT OUT GAME–Let me know in your Word Online file how the game went.