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Publication

Grade 9-12
,
Lesson

Uncle Sam Takes a Bite

Time: 135 min,
Updated: March 23 2020,

Objective

Students will be able to:

  • Describe the difference between gross income and net income.
  • Identify some of the common types of benefits provided by employers.
  • Calculate marginal tax rates.
  • Differentiate between standard deductions and itemized deductions.

Standards

Concepts

In this personal finance lesson, students will learn about the basic principles of personal income tax.

Book Info

This lesson is part of Financial Fitness for Life 9-12, 3rd Edition and provides the slides and activities with educational technology tools. For full access to the book, shop the teacher guide and student workbook below.

Teacher Guide

Student Workbook

Available in eBook and hard copy

Available in eBook and hard copy

Description

Young people are sometimes surprised to learn the pay they earn is not the same as the pay they take home. This lesson introduces students to some of the basic principles of personal income tax such as gross income, net income, marginal tax rates, standard deductions, and itemized deductions.

Subjects:
Personal Finance