1. Entrance Ticket
List your 5 most recent store purchases and their sticker prices (will use later)

2. EQ: What does it mean to be financially literate?
Agenda
1) Where do YOU stand?
2) Notes / Background Information
3) Activity / HW
4) Exit Ticket
EQ: What does it mean to be financially literate?

3. WHERE DO YOU STAND?

4. Opinion Continuum Activity
1. Teacher will read a statement to the class.
2. Move toward Julio’s desk if you agree.
3. Move toward the door if you disagree.
4. If you don't know how you feel, stand around the middle.

5. I know when I pay taxes that they are going towards a good cause
Where do YOU stand?

6. Even if taxes are going to a good cause, why should I have to pay for other people?
Where do YOU stand?

7. I believe some items should be taxed higher than others (Ex
I believe some items should be taxed higher than others (Ex. In RI, there is a per-pack tax of $3.50 on cigarettes in addition to the sales tax)
Where do YOU stand?

8. I believe the sales tax should be different for people of different income levels
Where do YOU stand?

9. NOTES (WRITE DOWN): WHY DO WE HAVE TAXES?

12. The THREE Levels of Government: Federal, State, and Local
You pay taxes to support programs at all THREE levels

13. HOW ARE MY TAXES USED?

16. WHAT ABOUT RHODE ISLAND?

17. The Rhode Island State Budget

18. Where the Money Goes

19. ACTIVITY / HW: HOW MUCH IS THE SALES TAX COSTING YOU?

20. How much is the sales tax costing you?
Sign out a chromebook and visit:
Take out your responses to the Entrance Ticket
Complete the Sales Tax Worksheet
Note: Final Price = Sticker Price x (1+sales tax)
Ex) $10 x (1+.07) = $10.70

21. Exit Ticket
What do you think this quote means? Explain how this message is using cost-benefit analysis.