Unit: Banking, Budgeting, Taxes

TEKS: The student uses mathematical processes with graphical and numerical techniques to study patterns and analyze data related to personal finance. The student is expected to:

M.2A Use rates and linear functions to solve problems involving personal finance and budgeting, including compensations and deductions

M.2B Solve problems involving personal taxes M.2C Analyze data to make decisions about banking, including options for online banking, checking accounts, overdraft protection, processing fees, and debit card/ATM fees.

Academic Vocabulary: checking account savings account interest checkbook register canceled check outstanding check endorsement deposit withdrawal service charge debit card credit card insufficient funds overdraft protection & fee Automated Teller Machine (ATM) bank statement bank reconciliation Federal Deposit Insurance Corporation mobile banking electronic funds transfer Annual Percentage Rate (APR) simple interest compound interest identity theft budget fixed expenses variable expenses short-term savings goals long-term savings goals impulse buying adjusted gross income base pay bonus comp(ensatory) time contract deductions unearned income earned income electronic time/attendance systems employee benefits entrepreneur exempt employee exemptions Federal Withholding Federal Income Tax Return

FICA Form W-2, W-4 Form 1040, Form 1040A, Form 1040EZ gross pay/net pay hourly wage income minimum wage salary overtime pay pay period paycheck stub payroll register progressive tax self-employment tax Medicare

Social Security standard deductions take-home pay tax return taxable income withholding allowance Monday Tuesday Wednesday Thursday Friday 2 3 4 M.2C 5 M.2C 6 M.2C

Christmas and New Year Professional Day Checking vs. Savings Writing deposit tickets, Compare and contrast Holiday Student Holiday Accounts , credit cards vs. checks, and balancing a banking and online banking debit cards check register 9 M.2C 10 M.2C 11 M.2A 12 M.2A 13 M.2A

Compare/contrast 3 local Explore Quicken given a use rates and linear use rates and linear use rates and linear financial institutions scenario of writing checks, functions to solve functions to create a functions to create a checking accounts, deposits, and balancing problems involving budget budget overdraft protection, register with a bank personal finance ATM fees, and other fees statement 16 17 M.2A 18 M.2A 19 M.2B 20 M.2B

use rates and linear use rates and linear No School solve problems involving solve problems involving functions to solve functions to solve MLK Day personal taxes personal taxes problems involving problems involving compensations and compensations and deductions deductions 23 M.2B 24 M.2B 25 Progress Report 26 27 solve problems involving solve problems involving Unit 6 TEST personal taxes personal taxes Banking, Budget, Taxes