Suggested Money Lesson Plan
for this Worksheet
Give an introductory lesson about paying taxes to
your students.
Hand out the 1040EZ form to the students and
explain to them each of the lines on the form. Also explain
some terms such as IRS, W-2, Gross Income, etc.
As you walk through the form, explain that you
start with money earned, and then calculate taxes based on the money
earned. If you get a paycheck, then taxes are already taken
out. When you calculate your taxes, you will find out that you
either paid too much in taxes, and will get a refund, or that you
did not pay enough and will have to pay additional taxes. |