Evaluate various sources of income and analyze variables that affect a person’s income.
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Describe how income taxes affect disposable income.
Analyze how career choice, education, skills, and economic conditions are related to income and levels of unemployment.
Compare different types of income including hourly wages, salary, tips, independent contractor services (Form 1099), dividends, and capital gains.
Analyze income as a scarce resource that must be allocated.
Review and complete a sample federal individual income tax form 1040EZ or 1040A.