Most adults dread April 15 — tax day! Tax preparation can be intimidating even for adults. Build confidence by leading individuals through the process and then give them a scenario to practice. The exercise uses tax vocabulary to give...

Twelfth graders practice filling out IRS 1040 EZ forms. They discuss various ways people pay taxes. They assess the importance of W-2 forms and apply skills using the IRS tax table to compute how much money is owed or returned.

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...

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...

Take the opportunity to offer your young adults some important financial wisdom on the way taxes and inflation will affect their lives in the future. Through discussion and review of different real-world scenarios provided...

Students examine the concept of paying taxes with a chores theme.

Is a 1040EZ tax form really easy? Scholars investigate the complexities of the United States taxation system with an economics lesson plan. Using a wide variety of web sources, they interpret IRS taxation rules and regulations to better...

Students are able to compare the effects of the following, using income as a measure of ability to pay: a progressive tax, a regressive tas, and a proportional tax. They explain how a mixture of regressive and progressive taxes could...

In this taxes, tips and salaries worksheet, students read story problems and determine the sales price, percent of change, amount of tax, and final price.  This four-page worksheet contains 8 multi-step prolems.  Answers are...

Balancing a budget, paying taxes, and buying a home may feel out of reach for your high schoolers, but in their adult years they will thank you for the early tips. A set of five lessons integrates applicable money math...

Young scholars explore the concept of normal distribution. In this normal distribution lesson, students find the normal distribution of taxes in the 50 US states. Young scholars make histograms, frequency tables, and find the mean and...

Students explore the ways that taxes are levied based on taxable income. They analyze how a new series of tax cuts might affect people of different income levels and their tax rates.

Students explain that regressive taxes can have different effects on different income groups. They see how a regressive tax takes a larger share of income from low-income groups than from high-income groups.

High schoolers explore the concept of taxes. In this tax lesson, students investigate types of taxes and deductions taken out of a paycheck before they see it. High schoolers calculate the tax on a given dollar amount. Students...

Students explore the concept of sales tax and discounts. In this sales tax and discounts lesson, students pretend to gamble in groups to win fake money. Students must tax their winnings. Students collect receipts. Students discuss the...

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.

Practice sales tax when using the activity with three solution choices. Learners can use a percent table, benchmark percent, or solve by calculating. Solutions don't show how to multiply by the decimal, but method can be added in....

Finding out how to calculate tax and tip is a valuable skill that all young adults should be able to do without a calculator. Learners are given a bill and asked to calculate the tax, tip, and total amount. Calculations can be exact or...

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...

Twelfth graders research want ads on the Internet or in the newspaper. They calculate the estimated weekly, monthly, and yearly pay for an hourly, salary and commission positions. They calculate a paycheck including state tax, federal...

What exactly is the fiscal cliff? What are the effects of changing income tax rates and payroll tax rates? Your learners will begin by reading news articles and examining graphs illustrating the "Bush tax cuts" of 2001 and 2003. They...

Students explain that taxation involves a compromise of conflicting goals and that lobbyists can influence lawmakers' decisions about taxes. They can explain why people of similar incomes often pay different tax rates and work in teams...

Fifth graders investigate the connection between taxes and government services.  In this economics lesson plan, 5th graders discuss the process and benefits of paying sales and income taxes.  Using calculators, students compute...

Learners 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.