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...
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 security...
Radford University
Percentages: Lesson 1
Math can be taxing at times. With a short lesson, pupils determine how income tax affects take-home pay. Learners determine their net pay based on tax tables and how adjustments in their gross pay changes the paycheck.
Curated OER
Dream Home Mathematics
Explore the concept of budgeting with sixth graders. They will pick a career on note card made by the teacher. They then use the information on the card such as salary, expenses, and career to create a life for themselves. They also...
Curated OER
Taxes: Where Does Your Money Go?
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...
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.
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...
Curated OER
The Politics Of Taxation
Students explain that taxation involves a compromise of conflicting goals and that lobbyists can influence lawmakers' decisions about taxes. They can explain why people of similar incomes often pay different tax rates and work in teams...
Practical Money Skills
Making Money
The first step in managing your money is making money! Learn about ways to find and interview for a job with a thorough lesson on personal finances. Kids learn about the ways to earn a paycheck and then manage the funds they receive.
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 of taxes...
Curated OER
Basic Budgeting
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...
Practical Money Skills
Making Money
Prepare your class for a life of financial literacy and stability with a unit about making money. Three lessons guides learners through the process of preparing a resume, interviewing for a job, and reading a pay stub.
Visa
Making Money
From evaluating the current employment market to building a resume, pupils are introduced to the wide and varied elements of career planning.
Curated OER
Understanding Your Pay and Paycheck
Students discuss as a class, the time delay between the end of a pay period and a person's paycheck. They discuss the difference between gross pay and net pay, and identify the different figures on the sample checks or the check stubs...
Curated OER
Financial Planning
Students research possible careers. They determine typical starting income for the career. Using collected information, students develop a budget for their starting income. Students consider car payments and research the process of...
Curated OER
The Consumer Price Index: A Measure of Inflation
Students examine inflation over the years and learn to calculate how it changes over time. In this money management lesson, students learn how price changes affect their purchasing power, how to come up with strategies for dealing with...
Curated OER
Decimal Word Problems
In this decimals learning exercise, students solve 10 different word problems that include using decimals. First, they determine the amount of change received from a cashier given a specific amount. Then, students write a decimal...
Curated OER
Who Does the Lottery Benefit?
Students investigate the pros and cons of the lottery. In this algebra activity, students use the formulas for permutation and combination to test their arguments about the lottery. They collect data about their argument and plot it on a...