Lesson Plan
Internal Revenue Service

Module 1: Payroll Taxes and Federal Income Tax Withholding

For Teachers 9th - 12th
High schoolers complete lessons and worksheet to identify the different types and uses of payroll taxes. They examine how federal income taxes are used, determine the difference between gross and net pay, and determine how employers...
Lesson Plan
1
1
The New York Times

Understanding the Mathematics of the Fiscal Cliff

For Teachers 9th - 12th Standards
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...
Lesson Plan
Visa

Nothing But Net: Understanding Your Take Home Pay

For Teachers 9th - 12th Standards
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...
Lesson Plan
Curated OER

Accounting -- Preparing Payroll Records

For Teachers 9th - 12th
High schoolers review preparation of payroll records and practice these skills while playing games on the computer. They follow a student outline and complete online activities and quiz.
Lesson Plan
Curated OER

Taxes: Where Does Your Money Go?

For Teachers 9th - 12th
Students study taxes and the role that they place in our lives. In this economic lesson, students explore the reality of taxes, how they work, why we pay them, where the money goes and how to make the most of the money you pay into taxes...
Unit Plan
University of Missouri

Money Math

For Teachers 5th - 8th Standards
Young mathematicians put their skills to the test in the real world during this four-lesson consumer math unit. Whether they are learning how compound interest can make them millionaires, calculating the cost of remodeling...
Lesson Plan
1
1
Visa

Making Money

For Teachers 8th - 11th Standards
From evaluating the current employment market to building a resume, pupils are introduced to the wide and varied elements of career planning. 
Lesson Plan
1
1
Practical Money Skills

Making Money

For Teachers 6th - 12th
The first step in managing your money is making money! Learn about ways to find and interview for a job with a thorough lesson on personal finances. Kids learn about the ways to earn a paycheck and then manage the funds they receive.
Lesson Plan
Curated OER

Money Math

For Teachers 9th - 11th
Students define human capital and income earning potential. In this algebra lesson, students analyze the relationship between income and capital resources. They calculate tax rates and understand how to read a tax table.
Lesson Plan
Curated OER

Money Math: Lessons for Life

For Teachers 11th - Higher Ed
Learners develop a budget for a college student using all of the influences that the student would have.  In this budgeting lesson plan, students use real life examples to create a budget spreadsheet.  Learners read and study...
Activity
Other

Tax and Accounting Sites Directory

For Students 9th - 10th
This is a tax and accounting site directory. Includes links to varied tax information.
Website
Wolters Kluwer

Business Owner's Toolkit: Federal Unemployment Tax

For Students 9th - 10th
This article offers useful information regarding the correct payment of payroll taxes under the Federal Unemployment Tax Act.
Article
Other

Entrepreneur: Taxing Matters

For Students 9th - 10th
This Entrepreneur Magazine article provides "Everything you wanted to know about payroll taxes, and then some," and includes a good explanation of FICA (social security and medicare) withholding.
Website
Texas Workforce Commission

Texas Workforce Commission: Tax Information and Transactions

For Students 9th - 10th
The Texas Workforce Commission provides "Unemployment Compensation and Tax Information" plus specific and general information about employment-related taxes. Click on any topic for lots of questions, answers, tips, and examples.
Website
Wolters Kluwer

Business Owner's Toolkit: Determing Which Payroll Taxes Apply to Your Employees

For Students 9th - 10th
This resource contains pertinent information regarding withholding exemptions for employees and how the tax is withheld. Links are also provided for additional information on related subjects.

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