Demystifying Taxes

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