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Vocabulary
moneyincomegifts
Skills
  • differentiate (money received as income and money received as gifts) #dok2
  • identify (sources of income and gifts) #dok1
  • describe (characteristics of income and gifts) #dok2
Learning Targets
  • I can identify money that is received as income. #dok1
  • I can identify money that is received as a gift. #dok1
  • I can describe the differences between income and gifts. #dok2
  • I can differentiate between money received as income and money received as gifts. #dok2
Big Ideas
  • Money can be received for different reasons, such as earning it by working (income) or receiving it as a present (gift).
  • Understanding the difference between income and gifts helps us make better decisions about using money.
Essential Questions
  • What is income and how do people earn it?
  • What does it mean to receive money as a gift?
  • How can you tell the difference between income and a gift?
  • Why is it important to know if money you receive is income or a gift?
  • Can you think of times when you received money as income and times when you received money as a gift?