Scribd Logo
Hochladen

Welcome to Scribd!

  • 839 views

    Student Activity Packet SC-1.2

    Uploaded by

    Kenneth Reed
    This student activity packet teaches teens about taxes through several interactive exercises. Students will learn why few teenagers file taxes, common tax misconceptions, what types of income are taxed, and scenarios to determine dependent status and filing requirements. The packet includes videos, readings, and questions to analyze charts, tax figures, dependent and self-employment tax issues, and practice determining who should file a return based on earnings and dependency status.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content

    Student Activity Packet SC-1.2

    Uploaded by

    Kenneth Reed
    839 views3 pages
    This student activity packet teaches teens about taxes through several interactive exercises. Students will learn why few teenagers file taxes, common tax misconceptions, what types of income are taxed, and scenarios to determine dependent status and filing requirements. The packet includes videos, readings, and questions to analyze charts, tax figures, dependent and self-employment tax issues, and practice determining who should file a return based on earnings and dependency status.

    Original Description:

    Original Title

    Student Activity Packet SC-1.2 (2)

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This student activity packet teaches teens about taxes through several interactive exercises. Students will learn why few teenagers file taxes, common tax misconceptions, what types of income are taxed, and scenarios to determine dependent status and filing requirements. The packet includes videos, readings, and questions to analyze charts, tax figures, dependent and self-employment tax issues, and practice determining who should file a return based on earnings and dependency status.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    839 views3 pages

    Student Activity Packet SC-1.2

    Uploaded by

    Kenneth Reed
    This student activity packet teaches teens about taxes through several interactive exercises. Students will learn why few teenagers file taxes, common tax misconceptions, what types of income are taxed, and scenarios to determine dependent status and filing requirements. The packet includes videos, readings, and questions to analyze charts, tax figures, dependent and self-employment tax issues, and practice determining who should file a return based on earnings and dependency status.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 3

    Semester Course

    1.2 Teens and Taxes


    Student Activity Packet

    Name:

    In this lesson, you will learn to:


    ● Explain why so few teenagers file taxes
    ● Identify common misconceptions about taxes and state the correct facts
    ● Identify what types of income are taxed
    ● Analyze a number of scenarios to determine who can be claimed as a dependent and if they need to file a tax return

    Resources Questions
    Estimated time: 10 mins
    How Old Are Most Taxpayers?
    1 Analyze the chart and answer
    the questions on this worksheet
    to complete this Data Crunch.

    Then, have a brief class


    discussion based on your
    findings - your teacher will ask
    you questions to guide you.

    Estimated time: 3 mins


    Updated Tax Figures
    2 Throughout this lesson, you
    may notice that tax figures vary
    based on the year the resource
    was created. Review this slide
    and make note of the most
    updated figures in the section
    to the right before proceeding
    with the lesson.

    Estimated time: 7 mins


    Tax Facts (How Much Do You
    3 Know About Tax Day?) 1. How does your tax knowledge compare to the majority of the teens’ tax
    How much do teens really know knowledge in the video?
    about taxes? What are some
    important tax facts teens
    should know? Watch this video
    to find out. Then, answer the 2. As you learned in the video, there is no specific age requirement to pay taxes.
    questions to the right. Why, then, do you think there is a lack of awareness and general knowledge
    about taxes among teens?

    Estimated time: 10 mins

    www.ngpf.org Last updated: 1/7/20


    1
    Reference: Tax Issues as
    4 Dependents and Self- 1. Which of the following people is/are legally required to file a tax return?
    Employed Workers
    As a teen, filing a tax return can a. Amanda, who can be claimed as a dependent and earned $850 last year.
    be a mostly straight-forward b. Greg, who can be claimed as a dependent and earned $12,500 last year.
    process. However, you may be c. Jason, who cannot be claimed as a dependent and earned $1,500 last
    wondering how that process year.
    changes if someone claims you
    d. Erin, who cannot be claimed as a dependent and earned $14,000 last
    as a dependent or if you are a
    self-employed worker. Read year.
    these excerpts from two
    different articles to learn more 2. The article mentions that if you are owed a refund from the IRS, you won’t be
    about what to do in these penalized if you file your tax return late. However, why might you want to file
    scenarios. Then, answer the your tax return on time?
    questions.

    3. When filling out a W-4 form, in what situation would a teen want to claim
    exemption from federal taxes being withheld from their paycheck? What is the
    benefit of doing so?

    4. If you are asked to fill out a W-9 instead of a W-4 when you first start a job, what
    does that mean? What kind of taxes might you have to pay and how much are
    they?

    5. What is the income threshold for self-employed workers to file a tax return?

    6. What kinds of jobs are exempt from paying the self-employment tax and why?

    Estimated time: 10 mins


    PLAY: Should They File a Tax
    5 Return?
    Put all you’ve learned so far to
    the test in this fun activity!
    Follow your teacher’s
    directions on how to complete
    this activity.

    www.ngpf.org Last updated: 1/7/20


    2
    Estimated time: 5 mins
    Exit Ticket
    6 1. Complete the following sentence: How much you pay in taxes depends on
    _________________________.

    2. True or False: You do not need to pay taxes if you earn income in cash.

    3. What is the benefit of filing a tax return even if you didn’t meet the minimum
    income requirement?

    www.ngpf.org Last updated: 1/7/20


    3

    You might also like