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Lab Description
This lab teaches the basic concepts of taxes, why taxes are essential, calculating taxes, etc. using interactive digital activities. Here is the outline of the lab
- Interactive worksheet to categorize government spending in a year and calculate the total in each category.
- Where does the government get this much money from? Introduction to taxes.
- Interactive worksheet to analyze the paystub of an employee.
- How the government uses the tax money and different types of taxes.
- Income tax in detail
- Interactive worksheet to calculate progressive tax
- Taxable income and deductions
- Income tax calculation worksheet.
- Filing taxes
- Various tax forms and their purpose
- Interactive worksheet to analyze W-2
- Interactive worksheet to fill out Form 1040
- Research and Writing activities
Who this course is for
Middle and high school students
Activities (165 Minutes)
Sub Activities
- Review Questions
- Government spending analysis
- Where Does the Money Come From
Sub Activities
- Review Questions
Sub Activities
- Sample paystub
- Benefits you receive
Sub Activities
- Review Questions
Sub Activities
- Review Questions
- Match the pairs
Sub Activities
- Review Questions
- Familiarizing Progressive Tax
- Progressive is better?
- Taxable Income & Deductions
- Review Questions
- Income tax calculation
- Gathering tax info
Sub Activities
- Review Questions
- What are tax refunds?
- Tax Forms and Their Purposes
- Match the pairs
Sub Activities
- W-2 form analysis
- Filling your 1040
- Filling Sample 1040