7.MATH.13.A
Calculate the sales tax for a given purchase and calculate income tax for earned wages.
Grade 7 · Texas Essential Knowledge and Skills (TEKS) · TEKS 2012
Standard Unwrapping
AI-generated as a starting point — sign in to edit.Vocabulary
sales taxpurchaseincome taxearned wages
Skills
- calculate (sales tax for a given purchase) #dok2
- calculate (income tax for earned wages) #dok2
- apply (tax formulas to real-world financial situations) #dok2
Learning Targets
- I can define sales tax and income tax. #dok1
- I can identify when sales tax and income tax apply to financial transactions. #dok1
- I can calculate the sales tax for a given purchase using the appropriate tax rate. #dok2
- I can calculate income tax for a given amount of earned wages using the appropriate tax rate. #dok2
- I can explain the steps involved in determining sales tax and income tax for a real-life situation. #dok2
- I can justify my process for calculating sales tax and income tax in word problems. #dok3
Big Ideas
- Understanding and calculating taxes like sales tax and income tax are key skills for financial literacy and responsible citizenship.
- Applying math to calculate taxes helps students connect classroom learning to real-world situations involving earnings and purchases.
Essential Questions
- What is the difference between sales tax and income tax?
- How do you calculate the sales tax for a purchase?
- What factors determine the amount of income tax owed on earned wages?
- Why is it important to understand how to calculate taxes?
- How do taxes impact your overall financial decisions?