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Standards/Math/Texas/7.13

7.13

7 Grade 7
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7.13
7.13.A7.13.B7.13.C7.13.D7.13.E7.13.F

Personal financial literacy. The student applies mathematical process standards to develop an economic way of thinking and problem solving useful in one's life as a knowledgeable consumer and investor.

7.13.ACalculate the sales tax for a given purchase and calculate income tax for earned wages.7.13.BIdentify the components of a personal budget, including income; planned savings for college, retirement, and emergencies; taxes; and fixed and variable expenses, and calculate what percentage each category comprises of the total budget.7.13.CCreate and organize a financial assets and liabilities record and construct a net worth statement.7.13.DUse a family budget estimator to determine the minimum household budget and average hourly wage needed for a family to meet its basic needs in the student's city or another large city nearby.7.13.ECalculate and compare simple interest and compound interest earnings.7.13.FAnalyze and compare monetary incentives, including sales, rebates, and coupons.
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