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...
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The Five W's of Tax Day
Use April 15th to teach your students the fundamentals of the American federal tax system.
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Preparing a 1040EZ Income Tax Form
What do you do at the end of the year when your W2 arrives? File a tax form! Show learners how they to can fill out a basic 1040EZ tax form and play their part as tax paying citizens. Monetary denominations are provided for filling out...
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A Look at Individual Federal Income Tax
High schoolers investigate the concept of a personal federal income tax. They conduct research and participate in class discussion in order to deal some of the issues. They include why there is an individual income tax and how the money...
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...
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Micro Economics - Personal Budgeting
High schoolers explore the real world as it relates to money and how people use it. In this money management lesson, students jump into the real world as they role play with money through spending, saving, being married, single, having...
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 activities with...
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Module 12-Self-Employment Income and the Self-Employment Tax
Students explain self-employment income and the self-employment tax. They distinguish between an employee and an independent contractor and explain how to compute and report self-employment profit.
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Interest Income
Learners identify taxable interest income, and report taxable and tax-exempt interest income.
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The Wealth Tax of 1935 and the Victory Tax of 1942
Students explain that during the Great Depression and World War II, the Roosevelt administration implemented new, broader, and more progressive taxes in order to cover the costs of the New Deal programs and the war.
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Methods of Filing
Students explain the methods of filing tax returns and the advantages of preparing and transmitting tax returns electronically. They identify the return method that is most appropriate for certain taxpayers.
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Your First Job
High schoolers determine that they are responsible for paying income taxes through withholdings on earned income. They examine the Form W-4.
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Exemptions
Students explain how exemptions affect income that is subject to tax, and determine the number of exemptions to claim on a tax return.
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The Tax Man Cometh
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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Dependents
Students explain dependency exemption and how it affects taxable income, and apply the five dependency tests to determine whether a person can be claimed as a dependent.
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The Taxpayer's Responsibilities
Students explore system of voluntary compliance, and describe taxpayers' responsibilities related to filing a tax return.
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The Taxpayer's Rights
Students examine rights of taxpayers and procedures the IRS uses to process tax returns
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Filing Status
Students examine then discuss the rate at which income is taxed and the five filing statuses. They complete online simulation worksheets then they answer a list of questions.
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Bookkeeping 101
Students state the important questions that must be answered through the use of expense records. They design and test a method for recording business expenses.
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Economic Recessions
Students examine the characteristics of recessions and explore the role of government in encouraging business investment. They discuss why the services segment of employment has increased and list companies in their area that qualify as...
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Module 10-Refund, Amount Due, and Record Keeping
Young scholars explore to comprehend refunds, amounts due, and record keeping requirements. They define a refund and explain how refunds are received. Students define an amount due and explain how payments are made.
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Hey, Mom! What's for Breakfast?
Students examine how he world eats breakfast. In this food choices lesson, students work in groups to list breakfast foods and their ingredients and find goods and consumers on the list. The, students use the Internet to complete a...