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Students will use web resources to investigate taxable
income including tips. |
Primary Learning Outcomes
What is taxable income? What are the amount of federal taxes
on earnings? What forms are needed to file federal taxes? What records need to
be kept?
Additional Learning Outcomes
Assessed QCC Standards:
Grade: 9-12
Guidance
C. Career Planning
12
Topic: Skills
in career planning.
Standard: -Demonstrate career plans that reflect the importance of lifelong
learning. -Demonstrate knowledge of postsecondary vocational and academic
programs. -Demonstrate knowledge that changes may require retraining and
upgrading of employees’ skills. -Describe school and community resources to
explore educational and occupational choices. -Describe the costs and benefits
of self-employment. -Demonstrate occupational skills developed through volunteer
experiences, part-time employment, or cooperative educational programs.
-Demonstrate skills necessary to compare education and job opportunities.
-Develop an individual career plan, updating information from earlier plans, and
including tentative decisions to be implemented after high school.
Grade: 9-12
Mathematics
3
Topic: Earning
Money
Standard: Computes net
pay, taking into account federal, state, and local taxes, social security, and
any miscellaneous deductions.
23
Topic: Taxes
Standard: Solves problems related to taxes by computing state, federal, and
local income taxes, property taxes, social security tax, and estate and
inheritance taxes.
25
Topic: Taxes
Standard: Completes federal (1040EZ and 1040A) and state income tax forms for
given data.
Procedures/Activities
Step:
1 Duration: 5 minutes
Discuss with class summer and after-school employment. Find
out how many students have worked previous summers and the types of jobs they
held. Did any of the jobs include income from tips? Working students should be
familiar with taxes. Tell students they will visit the IRS website to take a
tutorial on wage and tip income.
Step:
2 Duration: 30 minutes
Direct students to the IRS web site, Understanding Taxes,
Module 2-Wage and Tip Income and have them complete the tutorial, including the
print-outs and simulations. Explain the directions and be alert for student
questions.
Web Resources for Step 2
Title: Understanding Taxes, Module 2, Wage and Tip
Income
URL: http://www.irs.gov/app/understandingTaxes/servlet/IM02rp
Annotation:
This IRS web site takes students through tutorials and simulations about
taxable income.
Step:
3 Duration: 10 minutes
Once students have completed the activities, discuss their
results and success completing the requirements.
Materials and Equipment
Writing materials
Standards (Local and/or National)
Total Duration
45 minutes
Technology Connection
Computer with internet connection, printer
Assessment
Students will be assessed on their success in completing the
web-based tutorial.
Extension
Remediation
Accommodation
Modification
For students with significant disabilities, what changes can
be made in instruction and teaching delivery to allow students to participate in
classroom instruction while working on IEP objectives and off grade level QCC
standards. Below are suggested modifications correlated to the procedures of
this lesson plan.
