Taxes Unit

Students will be able to:

• Read and understand a pay stub
• Compare mandatory and discretionary government spending
• Explain the difference between gross and net pay
• Analyze the different categories of discretionary government spending

Students will be able to:

• Identify important dates within the tax cycle
• Compare tax forms and their purpose
• Analyze a W-4 form

Students will be able to:

• Identify key facts about taxes and the tax cycle
• Explain who qualifies to be claimed as a dependent for tax purposes
• Determine whether or not a person is required to file taxes

Students will be able to:

• Identify the different forms needed to prepare their taxes
• Compare different methods of preparing federal and state taxes
• Analyze a W-2 form
• Describe the difference between a flat and progressive tax rate

Students will be able to:

• Complete a 1040 form to file their taxes

In this lesson, students will be able to:

• Compare the three main types of tax systems
• Explain how marginal tax brackets differ from effective tax rates
• Differentiate between gross income and taxable income
• Summarize the different types of taxes paid in the U.S.

Students will be able to:

• Read and understand a pay stub
• Compare mandatory and discretionary government spending
• Explain the difference between gross and net pay
• Analyze the different categories of discretionary government spending

Students will be able to:

• Identify important dates within the tax cycle
• Compare tax forms and their purpose
• Analyze a W-4 form

Students will be able to:

• Identify key facts about taxes and the tax cycle
• Explain who qualifies to be claimed as a dependent for tax purposes
• Determine whether or not a person is required to file taxes

Students will be able to:

• Identify the different forms needed to prepare their taxes
• Compare different methods of preparing federal and state taxes
• Analyze a W-2 form
• Describe the difference between a flat and progressive tax rate

Students will be able to:

• Complete a 1040 form to file their taxes

In this lesson, students will be able to:

• Determine when it’s appropriate to use the standard deduction or to itemize deductions
• Explain the difference between tax credits and tax deductions
• Differentiate between tax avoidance and tax evasion