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This issue of Page One Economics: Focus on Finance explains how the Treasury Offset Program recovers taxpayer money from people who have received government benefits in error or by fraud and also recovers delinquent child support.
Federal individual income tax must be paid to the U.S. government, but the amounts paid vary widely. This issue of Page One Economics: Focus on Finance addresses basic facts about the tax—its history, purpose, and current structure.
Your unique 9-digit Social Security number follows you throughout your lifetime. How did this number’s importance evolve? Discover answers in the January 2020 issue of Page One Economics®: Focus on Finance, which traces Social Security number usage from its beginning in 1935 to current times.
There are two sides to a budget—income and expenses. When asked how to best balance a budget, people often respond by saying to reduce or eliminate expenses. In this lesson, students choose a car and a housing option and, using these expenses, determine if the income they earn from the occupation they’ve chosen will be sufficient when other expenses are added. If they determine it is insufficient, they seek ways they could increase the income side of the budget by improving their human capital.
The federal individual income tax is certain. The December 2018 issue addresses basic facts about the federal individual income tax and the new changes in taxation laws in the 2017 Tax Cuts and Jobs Act.
Use this infographic to show your students what it means to be an entrepreneur.
You may be doing all you can to prepare for the price of education after high school, but if your savings, grants, and scholarships aren’t quite enough, do not overlook student loans as a means to gaining the education you need to make the big bucks. In the October 2018 issue of Page One Economics: Focus on Finance, you will learn about student loan basics.
In this lesson, students will learn about responsible consumption and how the choices we make when disposing of trash can impact the environment. Students will listen to a story from the book One Plastic Bag, about an entrepreneur; watch a video about pollutants and distinguish between reducing, reusing and recycling. Students will interpret graphs and data within an infographic and demonstrate their knowledge of responsible consumption through developing their own infographic in collaborative groups.
In this lesson students learn strategies that they can employ now to start preparing for their future dream job or career. Students conduct an interview to collect anecdotal information about a real-life career progression experience.
Using some form of credit is a necessity for most adults. Unfortunately, some misuse credit, and the consequences can be devastating. The earlier young people learn about credit, the more likely they are to use it responsibly as adults. In this short course from our Ella’s Adventures series, your students will learn what credit is, why people use credit, and how interest can affect the final cost of a good or service when bought on credit.