Federal Reserve Bank
Income Taxes
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...
Curated OER
Completing Simple Tax Forms
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.
Conneticut Department of Education
Personal Finance Project Resource Book
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...
Visa
Nothing But Net: Understanding Your Take Home Pay
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...
Visa
Financial Forces: Understanding Taxes and Inflation
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...
Curated OER
Paying Taxes for Chores Lesson
Students examine the concept of paying taxes with a chores theme.
Curated OER
Your Role as a Taxpayer: Why Pay Taxes?
Students evaluate the basic rationale, nature, and consequences fo taxes. They describe why governments need taxes as revenue to provide goods and servicesin this series of activities.
Curated OER
Taxes
Fourth graders read Stone Fax and explore earning money, saving, credit and taxes. In this taxes lesson, 4th graders complete a worksheet to develop understanding of paying off debts, keeping a checkbook, calculating sales tax and...
Radford University
Percentages: Lesson 1
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.
CCSS Math Activities
Smarter Balanced Sample Items: 7th Grade Math – Claim 4
Build the model right out of the box. A few sample items show teachers how Smarter Balanced assessments may approach Claim 4, modeling and data analysis. Pupils use their skills to create equations or expressions to model the situation...
Federal Reserve Bank
“W” Is for Wages, W-4 and W-2
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...
Curated OER
Calculating Simple Interest
In this math instructional activity, students investigate the concept of paying interest on a loan. Students read 10 problems where they look at a picture of something they are going to buy at a certain price and interest rate. Students...
Curated OER
Money Math: Lessons for Life
Students 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.
Curated OER
Taxes, Tips, and Salaries
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...
Curated OER
Sunshine Math- 5
For this math applications worksheet, learners complete 7 varied problems that include: fractions, estimation, menu math, reasoning, equations and probability.
Illustrative Mathematics
Kendall's Vase - Tax
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....
Illustrative Mathematics
Tax and Tip
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...
Curated OER
Taxes: Where Does Your Money Go?
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...
Mathed Up!
Reverse Percentages
Boost math skills and inspire scholars to show what they know with a six-page independent practice that focuses on proportional relationships and percents.
Curated OER
Micro Economics - Personal Budgeting
Learners explore the real world as it relates to money and how people use it. In this money management activity, students jump into the real world as they role play with money through spending, saving, being married, single, having...
Federal Reserve Bank
It's Your Paycheck
Beyond reading and arithmetic, one of the most important skills for graduating seniors to have is fiscal literacy and responsibility. Start them on the right financial track with nine lessons that focus on a variety of important...
Curated OER
Government Goods and Services
Fifth graders investigate the connection between taxes and government services. In this economics lesson, 5th graders discuss the process and benefits of paying sales and income taxes. Using calculators, students compute the...
Curated OER
Are Taxes "Normal?"
Students explore the concept of normal distribution. In this normal distribution lesson plan, students find the normal distribution of taxes in the 50 US states. Students make histograms, frequency tables, and find the mean and median of...
Curated OER
How Taxing are Taxes?
Learners 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.