Subjects: Math, Language Arts
Description: Students will develop an understanding of banking principles and budgeting through the use of check writing and budget making. Students will also do Internet research to compare cost of living and vacationing costs in different regions.
Learner Outcomes:
1- calculate gross income
by creating a formula given of hours worked and hourly wage
2-calculate net income by
creating a formula using gross income and given tax rate
3-calcualte 15% savings based
on net income
4-develop and understanding
of how to use checking and savings problem solving approaches to investigate
and understand mathematical concepts
5- demonstrate a knowledge
of internet use
6- research a given topic
using the Internet
7- develop a monthly budget
8- compare two geographic
regions based on economics
9- demonstrate the ability
to correctly write a check
10- demonstrate the ability
to correctly log information into a ledger
11- demonstrate the ability
to use basic math calculations
12- demonstrate the ability
to reconcile a bank statement
13- demonstrate the ability
to plan a budget
14- calculate budget and monthly
savings
Duration of Lesson: 8-40 minute class periods
West
Virginia Instructional Goals and Objectives:
Math
7.9 -add, subtract, multiply,
and divide integers
7.11- select and use an appropriate
process for estimating and computing fractions, decimals, percents, and
whole numbers
7.18-create algebraic equations
and>
National
Standards:
use problem solving approaches
to investigate and understand mathematical concepts
formulate problems from situations
within and outside mathematics
develop and apply a variety
of strategies to solve problems with emphasis on multi-step problems
acguire confidence in using
mathematics meaningfully
Keywords: banking
budget
ledger
gross income
net income
reconciling bank statements
Comments: This unit may also be used as a full year hands-on activity.
Created By: Lisa
Hale
Debbie Johnson
Sheila McMullin
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