Objective

By the end of this lesson, Jordan will understand the basics of self-employed taxes, including how to calculate income, expenses, and deductions. Jordan will also develop skills in reading, spelling, and critical thinking through engaging activities that relate to real-life financial scenarios.

Materials and Prep

• A notebook and pen for note-taking
• Basic calculator for math exercises
• Printed worksheets for reading and spelling exercises (can be created by the teacher)
• Access to a quiet space for ASL practice
• Cooking supplies for the home economics activity (ingredients for a simple recipe)
• Scenarios for critical thinking and logic discussions (can be created by the teacher)

Activities

• Reading and Spelling Exercise: Jordan will read a short article about self-employed taxes and then write down 10 new vocabulary words. After that, Jordan will create sentences using those words to reinforce spelling and understanding.

• ASL Vocabulary Practice: Jordan will learn and practice 10 signs related to finance and self-employment, such as "money," "taxes," "income," and "expenses." This will help Jordan communicate important concepts in American Sign Language.

• Home Economics Cooking Activity: Jordan will prepare a simple dish that represents budgeting and expense tracking, like a budget-friendly meal. Jordan will write down the costs of the ingredients and discuss how to manage expenses.

• Critical Thinking Scenarios: Jordan will engage in discussions about various self-employment scenarios, such as managing unexpected expenses or fluctuating income. This will help develop logical thinking and problem-solving skills.

Talking Points

• "Understanding self-employed taxes is crucial for anyone considering starting their own business. It helps you know how much money you’ll keep after expenses."
• "What do you think are the main differences between being employed and self-employed in terms of taxes?"
• "Can you name some common deductions that self-employed people can claim?"
• "Why is it important to keep track of your income and expenses throughout the year?"
• "How would you feel about having to manage your own taxes? What challenges do you think you might face?"
• "Let’s think about a scenario where your income changes. How would you adjust your budget?"
• "What skills do you think are necessary for a successful self-employed person?"