Taxes—Where Does Your Money Go?

People spend some of their money before they even get it! Lead a instructional activity that helps scholars understand the different deductions taken from a paycheck. They calculate rates and percentages and learn where the money goes after it leaves their checks.

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CCSS: Adaptable
Instructional Ideas

  • Have pupils create a graphic organizer to illustrate the different places money from their paychecks go
Classroom Considerations

  • Better for older pupils that have experience receiving a paycheck and paying taxes
  • Give definitions and explanations for the different types of deductions
Pros

  • Pupils relate to the content in the lesson
  • Provides all necessary resources for both teachers and students
Cons

  • None
Common Core