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Lesson Plan
Internal Revenue Service

Module 1: Payroll Taxes and Federal Income Tax Withholding

For Teachers 9th - 12th
Students complete lessons and worksheet to identify the different types and uses of payroll taxes. They examine how federal income taxes are used, determine the difference between gross and net pay, and determine how employers withhold...
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Lesson Plan
2
2
Federal Reserve Bank

Income Taxes

For Students 9th - 12th Standards
Most adults dread April 15 — tax day! Tax preparation can be intimidating even for adults. Build confidence by leading individuals through the process and then give them a scenario to practice. The exercise uses tax vocabulary to give...
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Lesson Plan
Council for Economic Education

Preparing a 1040EZ Income Tax Form

For Teachers 9th - 12th Standards
Some of us never feel like we know how to do our taxes! Help scholars understand the process early by using an informative resource. They fill out their own tax forms in a simulation activity and view multiple resources to learn even...
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Lesson Plan
EngageNY

Federal Income Tax

For Students 9th - 10th Standards
Introduce your class to the federal tax system through an algebraic lens. This resource asks pupils to examine the variable structure of the tax system based on income. Young accountants use equations, expressions, and inequalities to...
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Lesson Plan
2
2
Federal Reserve Bank

“W” Is for Wages, W-4 and W-2

For Teachers 9th - 12th Standards
Don't let your young adults get lost in the alphabet soup of their paychecks and federal income taxes. Using sample pay stubs and reproductions of government forms, your class members will identify the purpose of such forms as a W-4 and...
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Lesson Plan
Curated OER

Federal Income Tax 1040EZ Worksheet Lesson

For Teachers 6th - 9th
Students practice filling out the Federal Income Tax 1040EZ tax form.
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Lesson Plan
1
1
The New York Times

Understanding the Mathematics of the Fiscal Cliff

For Teachers 9th - 12th Standards
What exactly is the fiscal cliff? What are the effects of changing income tax rates and payroll tax rates? Your learners will begin by reading news articles and examining graphs illustrating the "Bush tax cuts" of 2001 and 2003. They...
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Lesson Plan
Internal Revenue Service

Fairness in Taxes: How Taxes Affect Us

For Teachers 9th - 12th
High schoolers are able to compare the effects of the following, using income as a measure of ability to pay: a progressive tax, a regressive tas, and a proportional tax. They explain how a mixture of regressive and progressive taxes...
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Lesson Plan
Curated OER

Taxes: Where Does Your Money Go?

For Teachers 9th - 12th
Students explore the concept of taxes. For this tax lesson, students investigate types of taxes and deductions taken out of a paycheck before they see it. Students calculate the tax on a given dollar amount. Students discuss 401(k)s...
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Lesson Plan
Curated OER

Income Tax Time Word Problems Lesson

For Teachers 5th - 7th
Students investigate what taxes are and solve related problems.
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Worksheet
Curated OER

Tax Problem: Percents

For Students 9th - 12th
In this tax worksheet, students solve 1 problem about taxes.  Students find the federal and state tax on a given amount of money.
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Lesson Plan
Visa

Nothing But Net: Understanding Your Take Home Pay

For Teachers 9th - 12th Standards
Introduce your young adults to the important understanding that the money they receive from their paychecks is a net amount as a result of deductions from taxes. Other topics covered include federal, state, Medicare and social security...
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Activity
Conneticut Department of Education

Personal Finance Project Resource Book

For Teachers 6th - 12th
Balancing a budget, paying taxes, and buying a home may feel out of reach for your high schoolers, but in their adult years they will thank you for the early tips. A set of five lessons integrates applicable money math activities with...
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Lesson Plan
Curated OER

Are Taxes "Normal?"

For Teachers 8th - 12th
Students explore the concept of normal distribution. For this normal distribution lesson, students find the normal distribution of taxes in the 50 US states. Students make histograms, frequency tables, and find the mean and median of tax...
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Lesson Plan
Curated OER

Money Math: Lessons for Life

For Teachers 10th - 11th
Students explore money as it applies to salary, paychecks, and taxes. In this essential mathematics lesson, students explore how math is used in various careers, how income takes are calculated and other important life lessons in math.
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Lesson Plan
Curated OER

Taxes: Where Does Your Money Go?

For Teachers 9th - 12th
Students study taxes and the role that they place in our lives. In this economic lesson, students explore the reality of taxes, how they work, why we pay them, where the money goes and how to make the most of the money you pay into taxes...
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Lesson Plan
Curated OER

Income Statement

For Teachers 11th - 12th
Students demonstrate the proper way to prepare an income statement. They calculate a company's Gross Profit, Operating Expenses, Income from Operation before tax and Net Income, then determine the company's net income or net loss during...
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Lesson Plan
Curated OER

The Tax Man Cometh

For Teachers 8th - 12th
Learners examine websites and resources related to Bush's 2001 tax plan. They discuss the history of taxes and other tax topics. They look for evidence in the local newspaper of government spending at work.
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Unit Plan
University of Missouri

Money Math

For Teachers 5th - 8th Standards
Young mathematicians put their skills to the test in the real world during this four-lesson consumer math unit. Whether they are learning how compound interest can make them millionaires, calculating the cost of remodeling their bedroom,...
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Unit Plan
Federal Reserve Bank

It's Your Paycheck

For Teachers 6th - 12th Standards
Beyond reading and arithmetic, one of the most important skills for graduating seniors to have is fiscal literacy and responsibility. Start them on the right financial track with nine lessons that focus on a variety of important personal...
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Lesson Plan
Curated OER

Basic Budgeting

For Teachers 6th - 9th
Students create a personal budget.  For this creating a personal budget lesson, students create a list of 3 necessary things they need to survive.  Students rank these things in order of importance and determine their cost.  Students...
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Lesson Plan
PBS

Where Does Your Paycheck Go?

For Teachers 4th - 6th
Upper elementary learners explore the concept of taxes taken out of an employee's paycheck. As they work through this lesson, young mathematicians discover the difference between gross pay and net pay. They also see what types of taxes...
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Lesson Plan
Curated OER

Married Math

For Teachers 7th - 8th
Students participate in a two-week real-life math unit. In pairs, they calculate salaries, taxes, and a budget, plan a vacation, buy insurance, make a will, and design a room. They conduct Internet research to plan the vacation, and...
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Lesson Plan
Curated OER

Extra Practice 11: Applications With Percents

For Teachers 8th - 9th
For this percent worksheet, students read short stories, determine the information needed, write an algebraic equation and evaluate the problem. Problems include simple interest, sale price, and tax rates. There are nine percent problems...

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