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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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Lesson Plan
Texas Education Agency (TEA)

Importance of Being Accurate

For Teachers 9th - 11th
Accuracy is key! Using the detailed resource, scholars practice their presicion skills, taking online spelling and typing tests. Next, they demonstrate accuracy by calculating the gross and net pay of five hypothetical employees.
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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

Graphing It Out

For Teachers 8th - 10th
Students create bar graphs.  In this graphing lesson, students explore the concepts of net pay, gross pay, income and expenses.  They create a bar graph to designate financial outlay during a specified period.
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Lesson Plan
Visa

A Plan for the Future: Making a Budget

For Teachers 9th - 12th Standards
From fixed and variable expenses to gross income and net pay, break down the key terms of budgeting with your young adults and help them develop their own plans for spending and saving.
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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
Curated OER

Dream Home Mathematics

For Teachers 6th
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...
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PPT
Curated OER

Tax Forms and Deductions

For Teachers 9th - 12th
Because many of your older students are probably getting their first jobs, it could be an appropriate time to discuss taxes. This presentation defines deductions, types of taxes, purposes of paying taxes, and the forms required to file...
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Lesson Plan
Curated OER

Accounting: Work Sheet for a Merchandising Business

For Teachers 9th - 12th
High schoolers create a worksheet for a partnership set up as a merchandising business. They identify the beginning of the fiscal periods trial balance amounts, plan and record adjustments to supplies, and merchandise inventory. They...
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Lesson Plan
Curated OER

Basic Budgeting

For Teachers 6th - 9th
Students create a personal budget.  In 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
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
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
Radford University

Percentages: Lesson 1

For Students 9th - 12th Standards
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.
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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

Preparing an Income Statement

For Teachers 10th
Tenth graders discuss the contents of income statements.  In this accounting instructional activity, 10th graders are introduced to the parts of an income statement.  Students practice filling out the four parts of an income statement,...
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Lesson Plan
Curated OER

Fairness in Taxes: Progressive Taxes

For Teachers 9th - 12th
Students define and give an example of a progressive tax. They explain how a progressive tax takes a larger share of income from high-income groups than from low-income groups. They examine taxation in other countries.
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Lesson Plan
Curated OER

Money and Percentage

For Teachers 5th
Fifth graders examine use of percentages in real world situations. They complete worksheet about using percentages after reviewing the concept. They look through newspapers to find examples of percentages used over the course of three...
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Lesson Plan
Curated OER

Taxes: Where Does Your Money Go?

For Teachers 9th - 12th
Young scholars 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...
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Lesson Plan
Curated OER

Taxes: Where Does Your Money Go?

For Teachers 9th - 12th
Students explore the concept of taxes. In this tax instructional activity, 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...
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Lesson Plan
Curated OER

Preparing a 1040EZ Income Tax Form

For Teachers 11th - 12th
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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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
1
1
Practical Money Skills

Making Money

For Teachers 6th - 12th
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.
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Lesson Plan
Curated OER

Earth's Energy Budget - Seasonal Cycles in Net Radiative Flux

For Teachers 9th - 12th
Students attempt to understand seasonal variation by viewing images of the energy received by the earth. In this weather lesson, students view images from NASA of the influx of energy from the sun and make predictions about resulting...
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Lesson Plan
Curated OER

Earned Income Credit

For Teachers 6th - 12th
Pupils 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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