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Pick up your worksheet from the period 6 basket!

Warm-Up. Pick up your worksheet from the period 6 basket! Please summarize what you learned from our activity on the “cost of living” and its relationship to higher education. If you were absent yesterday, quietly and politely ask a table partner to fill you in. Today’s Learning Goal.

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Pick up your worksheet from the period 6 basket!

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  1. Warm-Up Pick up your worksheet from the period 6 basket! Please summarize what you learned from our activity on the “cost of living” and its relationship to higher education. If you were absent yesterday, quietly and politely ask a table partner to fill you in.

  2. Today’s Learning Goal I will think critically about the benefits of higher education in correlation to the “Cost of Living” by checking my work and reflecting on applicable information.

  3. Doing the Math: Following along with the math calculations presented and check the work on your worksheets.

  4. 1. Rent Average Rents: Section 8 "Fair Market Rents”: http://lahd.lacity.org/

  5. http://www.bls.gov/ro9/cpilosa_energy.htm 2. Utility Expenses

  6. 2. Estimating How much you would spend on bills:

  7. 4. Estimating Your Monthly Expenses

  8. 5. Calculate how much a person who did not graduate from high school makes per month: According to the graph, those age 25 or over working full-time with less than a high school diploma earn $444per week. There are 4 weeks in a month. $444 x 4 = $1776

  9. 6. Calculating how much more a person who graduates from high school makes per month. According to the graph, those age 25 or over working full-time with high school diploma earn $626per week. There are 4 weeks in a month. $626 x 4 = $2,504 $2,504 - $1,776= $728 more per month

  10. 7. Will a person who earns no higher than a high school diploma have enough to live the lifestyle they envisioned? $2,504 - $1,802.76 (monthly expenses)= $701.24

  11. 7. Other expenses you may not have considered… $701.24 - • Taxes • Health Insurance • Dental Insurance • Car Insurance • New clothes, shoes, movies, video games, accessories, hygiene, etc. • Taking care of a child _______________________________________ = ?

  12. Common Jobs and Salaries • Food Preparation/Service: $19,000/year • Cashier/Retail: $19,000 - $25,000/year • Waiter/Waitress: $20,000/year • Office Clerk: $25,000 - $27,000/year • Customer Service: $32,000/year • Accounting: $32,000/year • Registered Nurse: $45,000 - $65,000/year • School Teacher: $45,000 - $65,000/year

  13. Exit Ticket In a brief paragraph, explain how what you learned today relates to our discussions of time management and procrastination. How will what you learned from this activity affect your planning for the future?

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