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.
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Lesson 2: How Taxes Evolve
Twelfth graders examine the legislative process of enacting federal income tax laws. They conduct research and report on the Federal Migratory Waterfowl Stamp (Duck Stamp) Act of 1934.
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How Taxing are Taxes?
Students explore the ways that taxes are levied based on taxable income. They analyze how a new series of tax cuts might affect people of different income levels and their tax rates.
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Interest Income
Students identify taxable interest income, and report taxable and tax-exempt interest income.
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Regressive Taxes
Students explain that regressive taxes can have different effects on different income groups. They see how a regressive tax takes a larger share of income from low-income groups than from high-income groups.
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Taxes
Fourth graders explore the concept of taxes and gather relevant information to become a tax 'expert. In this taxes lesson, 4th graders work in teams to find information regarding different areas in taxes. Students work together to...
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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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Fairness in Taxes
Students identify and describe two criterion of tax fairness: benefits received and the ability to pay and distinguish between wealth and income as measures of ability to pay.
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ADULT ESOL LESSON PLAN--Level 3--Obtaining Employment
Students examine and view a variety of employment facts/legalities that comes with employment in the United States including social security, income tax deductions and W-4 forms, just to mention a few.
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Dependents and Tax Credits
Students identify "count" and "non-count" nouns, and examine and discuss the Earned Income Tax Credit. They define key vocabulary words, complete various worksheets, read a newspaper article, and answer discussion questions.
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Your First Job
Young scholars determine that they are responsible for paying income taxes through withholdings on earned income. They examine the Form W-4.
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Income Statement
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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Stone Fox
Students use the book, Stone Fox, to explore income, capital, saving, taxes, and credit. Stone Fox tells the story of Little Willy, a ten year old who enters a challenging dog-sled race in hopes of winning money to pay the back taxes on...
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Exemptions
Learners 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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Earned Income Credit
Students distinguish between tax deduction and tax credit, explain how the earned income credit affects the tax liability, apply requirements to claim the earned income credit, and describe factors that determine the amount of the earned...
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Utah's Tax Situation
Students examine Utah's tax burden as relative to other states, explore types of taxes levied in Utah, including property, personal income, and sales taxes, define tax-related vocabulary, and conduct research to complete critical...
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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...
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Taxes
Students use the internet to examine the various types of taxes. Using this information, they develop a chart comparing and contrasting the types and determinations of how much tax needs to be paid. They share their charts with the...
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Taking Taxes
Students discuss the role of taxes and tax deductions in the maintence of community services. A practice W-4 form is completed by students who identify their exemptions. This lesson is intended for students acquiring English.
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The Tax Man Cometh
Students 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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Mueller v. Allen
Young scholars investigate a First Amendment legal case involving religion, education, and reimbursement of tuition payments. They research the background of the cases and its precedents.
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Stone Fox and Economics
Students read the novel Stone Fox and review economic concepts including income, goods, and services. They define the following terms: capital, credit, credit risk and summarize their reading by reading several chapters at a time. They...
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Wealth
Third graders read the story The Day I Was Rich and learn about the role of money and taxes. In this money lesson plan, 3rd graders count large sums of money, group them, and give it away in the form of taxes. They discuss wealth and how...
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Math and Money
Students explore personal finance. In this middle school mathematics lesson, students investigate banking, income tax, and the cost of living. The lesson includes two bonus lessons on graphing their personal spending habits and the use...