Content Standard 13: Income

Grade 8 Benchmark

3. A wage or salary is the price of labor; it usually is determined by the supply of and demand for labor.

Content Standard 16: Role of Government and Market Failure

Grade 8 Benchmark

3. Most federal government tax revenue comes from personal income and payroll taxes. Payments to Social Security recipients, the costs of national defense and homeland security, medical expenditures (such as Medicare), transfers to state and local governments, and interest payments on the national debt constitute the bulk of federal government spending.

Content Standard 1: Earning Income

Grade 4 Benchmark

9. Income earned from working and most other sources of income are taxed. The revenue from these taxes is used to pay for government provided goods and services.

Grade 8 Benchmark

10. Some people receive income support from government because they have low incomes or qualify in other ways for government assistance.

• Scraps of Time: Abby Takes a Stand Lesson
• Sojourner Truth: Ain’t I a Woman? Lesson
• It’s Your Paycheck Curriculum Unit (Lesson 2, Lesson 6)
• It's Your Paycheck Lesson 2, "W" is for Wages, W-4 and W-2, Online Module
• It's Your Paycheck Lesson 6, Credit Reports, Online Module
• The Great Depression Curriculum Unit (Lesson 2, Lesson 4)
• Making Personal Finance Decisions Curriculum Unit (Lesson 4A, 4B)