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Demystifying Taxes

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  • Price per Classroom
    $8 00
  • Duration 3 Hours
  • Activities 36
  • Grade [8,9,10, 11, 12]

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

  1. Interactive worksheet to categorize government spending in a year and calculate the total in each category.
  2. Where does the government get this much money from? Introduction to taxes.
  3. Interactive worksheet to analyze the paystub of an employee.
  4. How the government uses the tax money and different types of taxes.
  5. Income tax in detail
  6. Interactive worksheet to calculate progressive tax
  7. Taxable income and deductions
  8. Income tax calculation worksheet.
  9. Filing taxes
  10. Various tax forms and their purpose
  11. Interactive worksheet to analyze W-2
  12. Interactive worksheet to fill out Form 1040
  13. Research and Writing activities

Who this course is for

Middle and high school students

Award Ceremony & Certificates

NA

Activities (165 Minutes)

Sub Activities
  1. Review Questions
  2. Government spending analysis
  3. Where Does the Money Come From
Sub Activities
  1. Sample paystub
  2. Benefits you receive
Sub Activities
  1. Review Questions
  2. Match the pairs
Sub Activities
  1. Review Questions
  2. Familiarizing Progressive Tax
  3. Progressive is better?
  4. Taxable Income & Deductions
  5. Review Questions
  6. Income tax calculation
  7. Gathering tax info
Sub Activities
  1. Review Questions
  2. What are tax refunds?
  3. Tax Forms and Their Purposes
  4. Match the pairs
Sub Activities
  1. W-2 form analysis
  2. Filling your 1040
  3. Filling Sample 1040

Completion (0 Minutes)

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  • Price per Classroom
    $8 00
  • Duration 3 Hours
  • Activities 36
  • Grade [8,9,10, 11, 12]