Description
Have you ever heard people say they never learned taxes at school? With this resource, that won't be the case! Your students will be prepared to understand taxes and the life skills involved in filing them. In this 20 page resource students will learn about the following in simple terms, intended for teenagers:
- The difference between earned income and taxable income
- What are deductions and credits?
- What are tax brackets and how do they work ?
- How do you pay your taxes?
- The W-4
- The W-2
- How to file in 10 easy steps
Students will also:
- Calculate the owed taxes in 3 given scenarios that involve income, deductions, and various tax brackets.
- Fill out a practice W-4
- Read a sample W-2