Explore Wheel Period 5 2020-21-Business Assignments

Learning Objective:
Further your personal financial literacy by understanding credit card fundamentals
Identify what is a credit score
Identify factors affecting credit score
Analyze case to determine best outcome according to credit score

Success Criteria:
Students will use various resources to complete the webquest associated with acquiring, maintaining, and using credit.

Personal Finance Standards:
VII. Using Credit
Achievement Standard:
Analyze factors that affect the choice of credit, the cost of credit, and the legal aspects of using credit.




Use this link for further credit information
https://www.investopedia.com/terms/c/credit.asp

Credit Scores
https://www.investopedia.com/terms/c/credit_score.asp

Credit Card good uses
https://www.investopedia.com/articles/pf/10/credit-card-debit-card.asp

There is a part in the work that instructs for an assessment and to notify the teacher. There is no need to tell the teacher; go ahead and take the assessment and proceed.

Objective:
Explain where income taxes are collected from and how they provide revenue for public expenses
Read a pay stub and describe the different deductions

Standards:
Differentiate between gross, net and taxable income

Resources:
https://www.youtube.com/watch?v=XQ0f87stf_o

Taxes video: https://www.youtube.com/watch?v=rDWOpCJdtgQ

Progressive, Regressive and Proportional Taxes: https://www.youtube.com/watch?v=D9SJmZMdj6U

For the last section of the handout, just continue onto a blank sheet.

Objective:
understand wages in terms of hourly and salary.
calculate wages

Resources
https://slideplayer.com/slide/9629537/

https://www.slideserve.com/yagil/salary-vs-hourly-wage

https://vimeo.com/330323183

Here is the link to the Inside Job documentary. There is no work right now. Only watch the documentary.
We will have work next week about the documentary

1. What is Consumer Behaviorism?
2. What is its relationship to personal financial decisions? That is, how does behavior affect ones ability to choose based on ones consuming habits?
3. What role does it play in an economy?
4. Explain what a Free Enterprise system is and how it works?
5. What does the US Constitution say about free enterprise?

Resources
investopedia.com

Use the 7 habits handout as a guide to respond to the questions. Also, put things in your own words as much as possible. If you need to use some of the wording from the handout, its ok. Try to have it done by Friday August 21 by mid night