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Taxes: Comprehensive Lab

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  • Price per Classroom
    $10 00
  • Classrooms per License
    1
  • Type Individual Activities
  • Duration 4 Hours
  • Activities 42
  • Grade [8,9,10, 11, 12]
  • Ideal For Middle School,  High School,
Preview as Student (Free)Assign to Classroom

Lab Description

This lab teaches the basic concepts of taxes, paystub analysis, why taxes are essential, calculating taxes, types of taxes, tax filing, etc. using interactive digital activities. The lab is divided into three sections

  1. Basics of Taxes
  2. Tax Filing
  3. Conclusion

In the section "Basics of Taxes", students will learn about -

  1. What are taxes
  2. Interactive worksheet to categorize government spending in a year and calculate the total in each category.
  3. Interactive worksheet to analyze the paystub of an employee.
  4. How the government uses the tax money
  5. Types of Taxes
  6. Income tax in detail
  7. Interactive worksheet to familiarize & calculate progressive tax
  8. Taxable income and deductions
  9. Income tax calculation worksheet.

In the section "Tax Filing", students will learn about -

  1. Filing taxes
  2. Interactive worksheet to analyze W-2
  3. Interactive worksheet to use the W-2 and fill out Form 1040
  4. Research and Writing activities

In the conclusion section of the lab, students will write a letter to the state representative suggesting three changes in how tax money is used.

Who this course is for

Middle and High school students

Award Ceremony & Certificates

NA

Basics of Taxes (84 Minutes)

Sub Activities
  1. Government Spending Analysis
  2. Where Does the Money Come From
Sub Activities
  1. Review Questions
Sub Activities
  1. Sample Paystub
  2. Benefits You Receive
Sub Activities
  1. Review Questions
Sub Activities
  1. 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. Your family's taxes

Tax Filing (61 Minutes)

Students will read and understand the meaning of tax filing, its need, and the steps in filing taxes.

Sub Activities
  1. Review Questions
  2. Tax Return Report - Analysis
  3. Should You File Tax Return?
  4. What are tax refunds?

Students will read and understand different forms such as W-2, W-4, 1040 and 1099.

Sub Activities
  1. Match the pairs
Sub Activities
  1. W-2 form analysis
Sub Activities
  1. Filing Sample 1040
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  • Price per Classroom
    $10 00
  • Classrooms per License
    1
  • Type Individual Activities
  • Duration 4 Hours
  • Activities 42
  • Grade [8,9,10, 11, 12]
  • Ideal For Middle School,  High School,
Preview as Student (Free)Assign to Classroom