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Federal Reserve Bank
Income Taxes
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...
Council for Economic Education
Preparing a 1040EZ Income Tax Form
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...
EngageNY
Federal Income Tax
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...
Curated OER
Tax Problem: Percents
In this tax worksheet, students solve 1 problem about taxes. Students find the federal and state tax on a given amount of money.
Internal Revenue Service
Module 1: Payroll Taxes and Federal Income Tax Withholding
High schoolers 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...
Internal Revenue Service
Fairness in Taxes: How Taxes Affect Us
Students 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 could...
Curated OER
Are Taxes "Normal?"
Young scholars explore the concept of normal distribution. In this normal distribution lesson, students find the normal distribution of taxes in the 50 US states. Young scholars make histograms, frequency tables, and find the mean and...
Curated OER
Taxes: Where Does Your Money Go?
High schoolers explore the concept of taxes. In this tax lesson, students investigate types of taxes and deductions taken out of a paycheck before they see it. High schoolers calculate the tax on a given dollar amount. Students...
Curated OER
Income Tax Time Word Problems Lesson
Students investigate what taxes are and solve related problems.
Curated OER
World of Work
Twelfth graders research want ads on the Internet or in the newspaper. They calculate the estimated weekly, monthly, and yearly pay for an hourly, salary and commission positions. They calculate a paycheck including state tax, federal...
Federal Reserve Bank
“W” Is for Wages, W-4 and W-2
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...
Visa
Nothing But Net: Understanding Your Take Home Pay
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...
The New York Times
Understanding the Mathematics of the Fiscal Cliff
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...
Curated OER
Federal Income Tax 1040EZ Worksheet Lesson
Young scholars practice filling out the Federal Income Tax 1040EZ tax form.
Curated OER
Money Math: Lessons for Life
Learners 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.
Conneticut Department of Education
Personal Finance Project Resource Book
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...
Curated OER
The Tax Man Cometh
Pupils 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.
Curated OER
Taxes: Where Does Your Money Go?
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...
PBS
Where Does Your Paycheck Go?
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...
Federal Reserve Bank
It's Your Paycheck
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...
Curated OER
Debt and Deficits
Students identify, research and interpret the national debt and deficits of the past through today and why it has risen significantly in the last 20 years. They analyze the size and impacts and discuss the various policy measures for...
University of Missouri
Money Math
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...
Curated OER
Married Math
Young scholars 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,...
Curated OER
Extra Practice 11: Applications With Percents
In 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...