How will you support yourself in the real world?

​Use the Are You Ready for the Real World NIE supplement to investigate earning an income. What are your college and career choices? ​What are the decisions some of your classmates are considering for the future? Are they thinking about higher education or other training? What are the benefits of education or training?

​What are some of the reasons, besides money, which influence people to choose careers or jobs? Ask five adults why they chose their career or job. What reasons, other than money, did they provide?

​So now you have a job. Did you know you have to pay taxes? Check out page 13 in the NIE Supplement Be Money Smart to discover why we pay taxes. What are the different types of taxes you pay? 

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Now download the Tampa Bay Times article A Taxing Time. What are some factors that affect the amounts of taxes paid? What are some tax credits that help individuals pay less taxes? Investigate some of the education credits and deductions in the article. What would you recommend to your parents?

Financial Literacy Standards
SS.912.FL.1.1: Discuss that people choose jobs or careers for which they are qualified based on non-income factors, such as job satisfaction, independence, risk, family, or location.
SS.912.FL.1.2: Explain that people vary in their willingness to obtain more education or training because these decisions involve incurring immediate costs to obtain possible future benefits. Describe how discounting the future benefits of education and training may lead some people to pass up potentially high rates of return that more education and training may offer.
SS.912.FL.1.3: Evaluate ways people can make more informed education, job, or career decisions by evaluating the benefits and costs of different choices.
SS.912.FL.1.6: Explain that taxes are paid to federal, state, and local governments to fund government goods and services and transfer payments from government to individuals and that the major types of taxes are income taxes, payroll (Social Security) taxes, property taxes, and sales taxes.
​SS.912.FL.1.7: Discuss how people’s sources of income, amount of income, as well as the amount and type of spending affect the types and amounts of taxes paid.