Financial
By Geography and Math Made Easy
It's Tax Time! What an Important Life Skill For Students To Learn! This lesson serves as a practical introduction for students to evaluate taxable income based on individual earnings and marginal tax brackets. Students will enjoy discussing various occupations and the associated tax rates. Please note that this lesson does not cover personal deductions or standard deductions, which can reduce taxable income; that topic will be addressed on another day. Overall, it's a straightforward overview of how federal taxes are collected. Main Focus: Taxable Income, understanding taxes, and calculating taxes ✏️ Easel Activity Included WHAT'S INCLUDED? • Occupation Game Cards (1 set of 24 per group) and • Chart (1 per student) • Game Instructions OBJECTIVES: • The learner will be able to calculate taxable income based on tax brackets based on percentages. • The learner will understand the purpose of taxation and the difference between state and federal tax. PREPARATION: • Set up the classroom desks or tables so that students are sitting in groups of two or three. GAME INSTRUCTIONS Divide students into groups of two or three. Each group will receive a set of Occupation Game Cards. It is suggested that you laminate the cards, cut them, and place them in zip-lock bags so they can be used every year. Students will be directed to place all cards face down. Distribute the Marginal Tax Bracket Chart. Students within the group will take turns turning over an Occupation Game Card. Each will write
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