Just One Resource - CALCULATE: Your Tax Due
In this weekly blog post, the Curriculum team will highlight Just One Resource from our NGPF collection that maybe doesn't get the attention it deserves. Use it this week or bookmark it for later.
[The Resource] CALCULATE: Your Tax Due
The Gist: Students learn how to calculate a person's taxable income and how their marginal tax rate is different than their effective tax rate!
The Best Parts:
- By calculating a person's taxable income, students understand how the standard deduction comes into play when determining how much they owe.
- Students understand the difference between marginal and effective tax rate by actually calculating the difference between the two for a variety of scenarios!
- Bonus: There's an optional section to this activity that challenges students to demonstrate how end-of-year taxes translate into the paycheck they receive.
Good news! We updated our Taxes unit to reflect the new tax legislation. Check out all of our Taxes Resources here.
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