3.1 Business Records and Taxes
This is an FFA agricultural education lesson (Unit 3: Business Practices, Lesson One) on business records and taxes within the context of a nursery/landscape business. Students learn the elements of business records and the national tax system, then apply those skills by completing a “Calculations” worksheet that computes subtotals, sales tax, and totals for sample landscaping orders. The resource includes a student worksheet and an answer key.
At a glance
- Learning objectives
-
- Understand different elements of business records.
- Understand different parts of the national tax system.
- Apply skills learned about business records to a nursery/landscape business.
- Time required
- 90 minutes
- Materials
-
- “Business Records and Taxes” PowerPoint
- “Calculations” worksheet, one copy per student
- The design and price estimate each student created previously
- Resources
- Nursery/Landscape CDE Handbook, https://ffa.box.com/s/yajzverkriebuvw9d9n16neh6v0a93fe
- Created
- 01/2018 by the National FFA Organization
- Unit
- Unit 3: Business Practices, Lesson One: Business Records and Taxes
Downloads & Links
Lesson plan
Presentation
Aligned Standards
AFNR Career Ready Practices
- CRP.03Attend to personal health and financial well-being. Career-ready individuals understand the relationship between personal health, workplace performance and personal well-being; they act on that understanding to regularly practice healthy diet, exercise and mental health activities.
- CRP.05Consider the environmental, social and economic impact of decisions.
- CRP.08Utilize critical thinking to make sense of problems and persevere in solving them. Career-ready individuals readily recognize problems in the workplace, understand the nature of the problem, and devise effective plans to solve the problem.
AFNR Performance Element
- ABS.02Use record keeping to accomplish AFNR business objectives, manage budgets and comply with laws and regulations.
Common Career Technical Core
- AG-BIZ2Use record keeping to accomplish AFNR business objectives, manage budgets and comply with laws and regulations.
Common Core – Math (Specific)
- CCSS.MATH.CONTENT.HSN.Q.A.1Use units as a way to understand problems and to guide the solution of multi-step problems; choose and interpret units consistently in formulas; choose and interpret the scale and the origin in graphs and data displays.
- CCSS.MATH.CONTENT.HSS.IC.B.6Evaluate reports based on data.
Common Core – Math Practices
- CCSS.MATH.PRACTICE.MP5Use appropriate tools strategically.
- CCSS.MATH.PRACTICE.MP6Attend to precision.
FFA Precept
- FFA-CS-M.CommunicationEffectively interact with others in personal and professional settings.
- FFA.PL-A.ActionAssume responsibility and take the necessary steps to achieve the desired results, no matter what the goal or task at hand.
- FFA.PL-C.VisionVisualize the future and how to get there.
FFA Precepts
- FFA.CS-N.Decision MakingAnalyze a situation and execute an appropriate course of action.
NASDCTEc
- AGPG01.02Practice good record keeping strategies and techniques to accomplish AFNR business objectives.
National Standards for Financial Literacy
- Earning Income: Benchmarks: Grade 12, Statement 7Taxes are paid to federal, state, and local governments to fund government goods and services and transfer payments from government to individuals.
- Earning Income: Benchmarks: Grade 12, Statement 8People's sources of income, amount of income, as well as the amount and type of spending affect the types and amounts of taxes paid.