Jobs and Income

Jobs and Income

Article • 15 min of learning

Here's how Jobs and Income aligns with curriculum standards in Connecticut. Use the filters to change the location, set of standards, and grade level.

Financial Literacy Standards

9.1: Earning Income

12.1: Compensation for a job or career can be in the form of wages, salaries, commissions, tips, or bonuses, and may also include contributions to employee benefits, such as health insurance, retirement savings plans, and education reimbursement programs.

Standards
Defined by Standards for Personal Finance: NGPF 9th-12th Grades and align with Jobs and Income
12.1.b: Explain why people should evaluate employee benefits in addition to wages and salaries when choosing between job and career opportunities.

12.3: People vary in their opportunity and willingness to incur the present costs of additional training and education in exchange for future benefits, such as earning potential.

Standards
Defined by Standards for Personal Finance: NGPF 9th-12th Grades and align with Jobs and Income
12.3.a: Evaluate the costs and benefits of investing in additional education or training.
12.3.c: Compare earnings and unemployment rates by level of education and training.

12.4: Employers generally pay higher wages or salaries to more educated, skilled, and productive workers than to less educated, skilled, and productive workers.

Standards
Defined by Standards for Personal Finance: NGPF 9th-12th Grades and align with Jobs and Income
12.4.a: Identify different types of jobs and careers where wages and salaries depend on a worker's productivity and skills.
12.4.b: Explain why wages or salaries vary among employees in different types of jobs and among workers in the same jobs.

12.6: Federal, state, and local taxes fund government-provided goods, services, and transfer payments to individuals. The major types of taxes are income taxes, payroll taxes, property taxes, and sales taxes.

Standards
Defined by Standards for Personal Finance: NGPF 9th-12th Grades and align with Jobs and Income
12.6.a: Calculate the amount of taxes a person is likely to pay when given information or data about the person's sources of income and amount of spending.
12.6.b: Identify which level(s) of government typically receive(s) the tax revenue for income taxes, payroll taxes, property taxes, and sales taxes.
12.6.c: Describe the benefits they receive, or may receive in the future, from government-collected tax revenue.

12.7: The type and amount of taxes people pay depend on their sources of income, amount of income, and amount and type of spending.

Standards
Defined by Standards for Personal Finance: NGPF 9th-12th Grades and align with Jobs and Income
12.7.c: Differentiate between gross, net, and taxable income.

12.8: Interest, dividends, and capital appreciation (gains) are examples of unearned income derived from financial investments. Capital gains are subject to different tax rates than earned income.

Standards
Defined by Standards for Personal Finance: NGPF 9th-12th Grades and align with Jobs and Income
12.8.a: Explain the difference between earned and unearned income.