Wisconsin Standards for Personal Financial Literacy 24
Content Area: Education and Employment (EE)
Standard: PFL.EE1: Students will compare the effect of personal income on their goals.
Performance Indicators (by Grade Band)
Learning Priority K-2 (e) 3-5 (i) 6-8 (m) 9-12 (h)
Development
EE1.a.e
Explain behaviors and
decisions that reflect
interests, likes, and dislikes.
Describe why people work
and how aspects of the work
environment affect their life.
EE1.a.i
Build an ongoing awareness
of personal abilities, skills,
interests, and motivation, and
determine how these fit with
a chosen career pathway.
Compare and contrast
occupations relative to
personal interests, aptitudes,
and potential earnings (i.e.,
military service,
apprenticeship, skilled trades,
and professional
occupations).
EE1.a.m
Assess personal strengths
(e.g., skills, knowledge, and
experience), aptitudes, and
passions related to potential
future careers.
Create a plan to reach future
career goals taking into
account personal interests,
aptitudes, and potential
earnings.
EE1.a.h
Prioritize potential
occupations based upon the
results of a career assessment
or interest inventory.
Create a career development
plan relative to personal
interests, aptitudes, and
potential earnings.
Explain how career
development goals fit with
personal skills and attributes,
current activities, and
postsecondary plan.
Taxes
EE1.a.e
Summarize goods and
services that the government
provides (e.g., roads, schools,
or police).
EE1.a.i
List reasons a government
taxes people.
EE1.a.m
Identify payroll taxes that are
deducted from a paycheck.
EE1.a.h
Evaluate a paycheck and how
payroll taxes along with other
deductions (e.g., insurance,
retirement account, or
flexible spending account for
parking, childcare, and health)
decrease net income.
Analyze the impact of tax
liability on income including
potential deductions and
credits that will impact state
and federal income tax.
Evaluate types of taxes (e.g.,
progressive or regressive)
and earned benefits with
eligibility criteria (e.g., Social
Security, Medicare, or
Medicaid).
Understand and follow the
requirements of filing income
taxes.
Compensation
EE1.b.e
Identify ways people earn
money.
EE1.b.i
Describe the ways people are
compensated.
Identify reasons people earn
different amounts of money.
EE1.b.m
Evaluate specific examples of
intrinsic and extrinsic
rewards for a specific career
(e.g., salary, flexibility, family
time, or goodwill).
Compare and contrast
employment choices based on
intrinsic and extrinsic factors
(e.g., salary, flexibility, family
time, or goodwill).
EE1.b.h
Assess ways workers are
compensated in different
industries and sectors (i.e.,
fringe benefits, wages,
pension plan, hourly or
salaried).