Taxes

In this activity, students will be able to:

• Learn how tax rates are related to income
• Observe the change in tax rate over time
• Analyze aspects of the interactive to understand how different variables affect tax rate

In this activity, students will be able to:

• Complete a 1040EZ form for individuals with a variety of backgrounds and personal situations (dependent vs. independent, part-time vs. full-time, etc.)
• Available in English & Spanish

In this activity, students will be able to:

• Describe the relationship between the number of allowances they claim on their W-4 and the size of their tax refund (or taxes owed)
• Available in English & Spanish

In this activity, students will be able to:

• Determine the taxes due for a variety of different people
• Explain how certain factors (state of residence, cost of living) can affect the amount of taxes owed
• Available in English & Spanish

In this activity, students will be able to:

• Calculate their taxable income
• Calculate their tax due
• Create a paycheck stub

In this activity, students will be able to:

• Identify the purpose of a variety of tax forms, including the W-2, W-4, 1099, 1040, 1040EZ and I-9
• Available in English & Spanish

In this activity, students will be able to:

• List important dates in the yearly tax cycle
• Describe the event that takes place on each date in the tax cycle
• Available in English & Spanish

With this Fine Print students will be able to:

• Understand the W-4 Form and what information is captured on it
• Understand how the information from the W-4 form impacts income tax withheld from a paycheck

With this Fine Print students will be able to:

• Understand the W-2 Form and what information is captured on it
• Understand the importance of the W-2 Form in preparing personal income tax returns

In this Case Study, students learn about a teen worker and her first job. She has been told that if she files a tax return that she will be eligible for a tax refund. But, her parents disagree and won’t let her file. Will she be able to convince them and claim her refund?