Laws, Regulations and Taxes That Impact Consumers

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  • Lesson Identification and TEKS Addressed

    Cluster : Human Services

    Course : Dollars and Sense

  • TEKS Student Expectations

    • (5) The student analyzes relationships between the economic system and consumer actions. The student is expected to:
      • (A) analyze economic effects of laws and regulations that pertain to consumers and providers of services
      • (B) identify types of taxes at the local, state and national levels and the economic importance of each
  • Basic Direct Teach Lesson

    Instructional Objectives

    Students will:

    • identify local, state and national government services affecting the consumer
    • assess current laws and the impact on rights and responsibilities of the consumer
    • describe protection policies and practices
    • describe how the consumer is affected by tax laws
  • Rationale

    The United States has three levels of government: federal, state and local. Each level of government has its own laws and regulations that impact consumers. The role of the government is to provide information and protection to citizens concerning goods and services, economics issues and redistribute income to citizens through taxes. In this lesson, we are going to learn about the federal agencies that serve consumers and laws that impact consumers.

  • Duration of Lesson

    Four 45 minute class periods

  • Word Wall

    Consumer: A person who pays for a product or service; a person who buys goods for his own needs and not to sell to others or to use in making other goods for sale

    Consumer services: The range of services provided to consumers of a product by the company that produces, markets or supports the product

    Excise taxes: Taxes paid when purchases are made on a specific good, such as gasoline that are often included in the price of the product

    Federal Insurance Contributions Act (FICA): A United States law requiring a deduction from paychecks and income that goes toward the Social Security program and Medicare

    Medicare tax: A tax used to provide medical benefits for certain individuals, including workers, retired workers and their spouses, when they reach age 65

    Payroll taxes: Include Social Security and Medicare taxes; see FICA

    Regulation: A rule by which government agencies enforce minimum standards of quality

    Social Security tax: Provides benefits for retired workers and their dependents as well as for the disabled and their dependents

    Taxes: A financial charge or other levy imposed upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state such that failure to pay is punishable by law

    W-4 form: IRS tax forms used by taxpayers and tax-exempt organizations to report financial information to the Internal Revenue Service (IRS) of the United States; used to report income and calculate taxes to be paid to the federal government of the United States

  • Materials/Specialized Equipment Needed

    Equipment:

    • computer with projector for PowerPoint™ presentation
    • computers with Internet access (be sure to follow district guidelines for Internet access)
    • presenter remote

    Materials:

    • play money
    • variety of receipts showing the tax amount
      • clothing
      • department store
      • drug store
      • gas
      • groceries
      • shoes
    • tax forms such as:
      • 1040 U.S. Individual Income Tax Return
      • tax table
    • 2014 Consumer Action Handbook (may be downloaded free at http://publications.usa.gov/USAPubs.php?PubID=5131)

    Supplies:

    • basket
    • cardstock

    • copies of all handouts (see All Lesson Attachments tab)
  • Anticipatory Set

    Prior to class:

    Note to Teacher: More information on finances can be found in these courses:

    Dollars and Sense

    Take It to the Bank
    http://cte.sfasu.edu/lesson-plans/take-it-to-the-bank/

    Personal Money Management
    http://cte.sfasu.edu/lesson-plans/personal-money-management/

    Managing Your Finances
    http://cte.sfasu.edu/lesson-plans/managing-your-finances/

    Refer to Practical Money Skills for grades 9-12 for additional lesson plans, resources and activities. Educators can use the 22 free, standards-aligned lessons in sequence or on an individual basis.
    https://www.practicalmoneyskills.com/foreducators/lesson_plans/highschool.php

    Note to teacher: Become familiar with Blendspace.com. Students will be using it to complete a project during Independent Practice. You must first register and set up an account. Then you can invite your students to Blendspace with three simple steps:
    1) Log on to Blendspace and click on the owl on the right.
    2) Create a class for your students.
    3) Invite your students by typing their e-mail addresses or copy/pasting from a list.
    Your students will receive an e-mail invitation to sign up for Blendspace. It’s that simple! View the tutorial at:
    http://youtu.be/mcxnwcy8bUo

    Print the Assignment Cards: Governmental Protection and Laws for the Consumer (see All Lesson Attachments tab) on cardstock and cut apart so that the students can draw one for the Independent Practice activity. Place cards in a basket at the appropriate time of the lesson.

    Display as many of the lesson-related supplies (see Materials or Specialized Equipment Needed) as you have available on a table in front of the room.

    Become familiar with PowerPoints™, handouts and activities.

    Before class begins:

    Allow students to observe the supplies and ask them the following questions:

    • What are taxes?
    • Why do we have to pay taxes?
    • Who is responsible for collecting taxes?
    • What services are provided to consumers through the revenue collected from taxes?
    • What laws protect you as a consumer?

    Allow for questions and discussion.

  • Direct Instruction with Special Education Modifications/Accommodations

    Introduce lesson objectives, terms and definitions.

    Distribute handout Note Taking: Laws, Regulations and Taxes That Impact Consumers (see All Lesson Attachments tab). Students will be expected to take notes while viewing the slide presentation. Teacher will determine the notes which are to be recorded by students.

    Introduce PowerPoint™ Laws, Regulations and Taxes That Impact Consumers (see All Lesson Attachments tab) and begin the discussion with students. Allow for questions and answers to check for understanding.

    After viewing the slide presentation, students will work with a partner to complete the activity in the box on the second page of the Note Taking: Laws, Regulations and Taxes that Impact Consumers handout. They will have an opportunity to reflect, review and respond to the information pertaining to the PowerPoint™. They will write a summary of questions, topics or statements which reflect the information from the lesson:

    • Discuss the topic
    • Write down your thoughts
    • Make a real-world connection to the lesson
    • How is this going to help you in the future?

    Allow for questions and answers to check for understanding.

    YouTube™ video included in the PowerPoint™:

    • Federal Trade Commission
      Are you behind on your bills? Have you been receiving calls from a debt collector? A debt collector is someone, other than the creditor, who regularly collects debts owed to someone else. 
      http://youtu.be/dQzIc56gydM

    Individualized Education Plan (IEP) for all special education students must be followed. Examples of accommodations may include, but are not limited to:

    • checking for understanding
    • providing a copy of the slide presentation

  • Guided Practice with Special Education Modifications/Accommodations

    Distribute Taxes and Services (see All Lesson Attachments tab) handout. Each student will record the taxes and services he or she uses (including his or her family) during a 48 hour period. Upon completion of the activity, the students will share their findings with the class. Use Taxes and Services (Key) (see All Lesson Attachments tab) handout to check their answers.

    Individualized Education Plan (IEP) for all special education students must be followed. Examples of accommodations may include, but are not limited to:

    • allowing students extra time to complete the assignment
    • providing fill-in-the-blank note handouts for students to follow and fill in during the lesson
    • pairing students with elbow partners who can assist them with verbal and written responses to the lesson

  • Independent Practice/Laboratory Experience with Special Education Modifications/Accommodations

    Students will work with a partner to create an Blendspace presentation.

    Distribute Blendspace (see All Lesson Attachments tab) handout so that the students understand how to set up and start a Blendspace account.

    Students will go to www.blendspace.com to create presentation. Teachers will need to set up an educational account prior to the start of the lesson. Instructions on how to create a Blendspace for beginners can be found at http://youtu.be/S-JMl9_7x14

    Explain that information will be expected to be retrieved only from reliable sources.

    Divide the class into ten small groups. Using the Assignment Cards: Governmental Protection and Laws for Consumers (see All Lesson Attachments tab), have each group draw a card from the basket.

    Distribute Governmental Protection and Laws for Consumers Project (see All Lesson Attachments tab).

    The students will work with a partner to create a Blendspace presentation. They will add supporting text to each resource.

    The presentation must include a minimum of six media tools and resources such as:

    • Powerpoint ™
    • YouTube™ videos (not previously viewed on the lesson PowerPoint™)
    • relevant website links with pertinent information
    • text information uploaded from files
    • two careers pertaining to the agency / topic
    • services provided to inform and protect the consumer
    • resources relevant to the protection of the consumer

    Distribute Rubric for Multimedia Blendspace Presentation-Governmental Protection and Laws for Consumers Project (see All Lesson Attachments tab) so that students are aware of assessment procedures.

    Keep students focused and on task.

    Individualized Education Plan (IEP) for all special education students must be followed. Examples of accommodations may include, but are not limited to:

    • shortened, simplified instructions
    • repeated instructions
    • opportunity to repeat instructions
    • written instructions

  • Lesson Closure

    Review lesson objectives, terms and definitions.

    Distribute handout Lesson Closure Activity (see All Lesson Attachments tab). The lesson closures activity is an instructional strategy which allows students to summarize main ideas, evaluate class processes, answer questions posed at the beginning of the lesson, and link to both the past and future. It also allows the teacher to evaluate the progress of the students and lesson.

  • Summative/End of Lesson Assessment with Special Education Modifications/Accommodations

    Students will be assessed by Rubric for Multimedia Blendspace Presentation-Governmental Protection and Laws for Consumers Project.

    Reflection: Using the information gathered in Governmental Protection and Laws for Consumers Project, each team member is required to write a reflection on his or her role in this group project and a brief analysis of how his or her project will assist with the roles and responsibilities of being a good consumer. The reflection and rubric will be submitted for assessment.

    Individualized Education Plan (IEP) for all special education students must be followed. Examples of accommodations may include, but are not limited to:

    • encouraging participation
    • extended “wait time”
    • working with a peer tutor
    • highlighting materials for emphasis

  • References/Resources

    Images:

    • Microsoft Clip Art: Used with permission from Microsoft.

    Textbook:

    • Lowe, Ross. Consumer education and economics. 6th ed. Glencoe/McGraw Hill, 2006. Print.

    Websites:

    • Social Security and Medicare Contributions
      The Federal Insurance Contributions Act (FICA) is your contribution to Social Security and Medicare. It is a percentage of your salary.
      http://www.moneychimp.com/features/fica.htm

    YouTube™:

    • Federal Trade Commission
      Are you behind on your bills? Have you been receiving calls from a debt collector? A debt collector is someone, other than the creditor, who regularly collects debts owed to someone else. 
      http://youtu.be/dQzIc56gydM
  • Additional Required Components

    English Language Proficiency Standards (ELPS) Strategies

    • Ask students to repeat your instructions back to you to be sure they know what is expected of them before each new phase of the lesson.
    • Discuss vocabulary in detail and make sure everyone has a firm grasp on it before moving forward with the lesson.
    • Use graphic organizers and visuals to explain the lesson in detail.
  • College and Career Readiness Connection

    AchieveTexas Career Cluster Crosswalks

    The Career Cluster Crosswalks housed on the AchieveTexas website http://www.achievetexas.org/index.html provide Texas teachers with a direct connection between their CTE course TEKS and the College and Career Readiness Standards (CCRS). Language Arts, Mathematics, Science, Social Studies, and Cross-Disciplinary integration are the focus of the CCRS. These college and career readiness standards are essential in the planning and delivery of CTE lessons. The extent to which the integration occurs is determined by the methods and strategies utilized by each teacher.

    Career Cluster Crosswalks for Education and Training, Hospitality and Tourism, and Human Services Career Clusters can be found at:
    http://www.achievetexas.org/Career%20Cluster%20Crosswalks.htm

  • Other Essential Lesson Components

    Enrichment activity

    • Question students about their work experience and taxes withheld from their paychecks.
    • The Hows of Taxes- There are 14 modules in the Hows of Taxes. Each module focuses on a different set of tax concepts and includes interactive activities, tutorials, simulations and assessments. Visit the modules at:
      Understanding Taxes
      http://apps.irs.gov/app/understandingTaxes/student/hows.jsp
    • TED Talk:
      TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks videos and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event.
      The video below is related to this lesson. Allow students to view the video and lead a discussion concerning the TED Talk.
      • Dilip Ratha: The hidden force in global economics: sending money home
        In 2013, international migrants sent $413 billion home to families and friends — three times more than the total of global foreign aid (about $135 billion). This money, known as remittances, makes a significant difference in the lives of those receiving it and plays a major role in the economies of many countries. Economist Dilip Ratha describes the promise of these “dollars wrapped with love” and analyzes how they are stifled by practical and regulatory obstacles.
        https://www.youtube.com/watch?v=Oj8eFu72_fc

    Dollars and Sense Social Studies Assessment Problems

    There are ten questions pertaining to the TEKS addressed in this lesson at:
    http://cte.sfasu.edu/wp-content/uploads/2013/08/SS-130.243-Dollars-and-Sense.pdf

    Dollars and Sense Writing Prompts

    • (5) The student analyzes relationships between the economic system and consumer actions. The student is expected to:
      • (A) analyze economic effects of laws and regulations that pertain to consumers and providers of services

    Think about the economic effects of laws and regulations that pertain to consumers and providers of services. Write an essay explaining the effects of laws and regulations that pertain to consumers and providers of services.

  • Family/Community Connection

    • Invite a speaker who is knowledgeable about current tax laws to speak to the class about tax laws that govern payment of federal income taxes and basic knowledge about income taxes that students need.
    • Have students identify community agencies that are supported fully or partially by tax revenues.
    • Invite a representative from the Better Business Bureau (BBB) to discuss services the BBB provides for the protection of consumers.
    • Have an attorney or representative of a legal aid office discuss with various aspects of consumer laws and their impact on rights and responsibilities.
  • CTSO connection

    Family, Career and Community Leaders of America (FCCLA)

    http://www.fcclainc.org

    National Program:

    The FCCLA Financial Fitness national peer education program involves youth teaching one another how to make, save and spend money wisely. Through FCCLA’s Financial Fitness program, youth plan and carry out projects that help them and their peers learn to become wise financial managers and smart consumers.

  • Service Learning Projects

    Successful service learning project ideas originate from student concerns and needs. Allow students to brainstorm about service projects pertaining to the lesson.
    http://www.ysa.org/

    Have students develop and disseminate a brochure summarizing community resources available to help families learn financial management skills, deal with laws and regulations, or seek professional resources at appropriate times.