2/11/20 - Day 25 - Submitting Taxes

Bellwork:

Make a copy of this practice form

Objectives:

• Identify the purpose of filling out a 1040 form
• Explain the items that affect a person's tax refund

Agenda:

1. Form W-2 Check for Understanding - Reading a W-2 Form
2. Working with 1040s
• Practice
• Assignment
3. Tax Quiz - FRIDAY

2/10/20 - Day 24 - Filing Taxes

Bellwork:

Browse through these websites- what is the shared purpose for these sites?

• TaxAct
• TurboTax
• H&R Block
• Free File Online- IRS

Objectives:

• Identify items they need to prepare their tax return
• Explain the different ways they can file their taxes
• Understand the purpose of a W-2 form and how to use it to file their taxes
• Explain how to make a tax payment if taxes are owed

Today's Agenda:

1. Ways to File Your Taxes
• Pros & Cons
2. Form W-2
• Class Jigsaw- example
• Reading a W-2 Form

2/7/20 - Day 23 - Life or Debt

Bellwork:


Please check Home Access, complete any missing work. If you have not already taken the Smart Consumer quiz, please be ready to go.

Objectives:

• Evaluate financial decisions of others
• Learn financial management techniques

Agenda:

1. Life of Debt

2/6/20 - Day 22 - Tax Forms

Bellwork:

Take a look at this graph and be ready to discuss what you see!

Objectives:

• Identify important dates of the tax cycle
• Understand the difference between common tax forms
• Explain the purpose of a W-4 and how it impacts their paycheck
• Analyze and understand the fine print of a sample W-4

Today's Agenda:

1. Tax Forms Research (paper copy)
2. W-4 Form
• What is it?
• Reading a W-4

2/5/20 - Day 21 - Ask the Expert Day

Bellwork:

Please find your seat, we will head to the auditorium shortly.

Objectives:

• Learn from professionals.

Agenda:

1. Ask the Expert Day - Speaking Panel (Auditorium)

2/4/20 - Day 20 - Taxes & Teens

Bellwork:

Analyze this graph, using the questions at the bottom to guide your thinking (don't make a copy- we'll just discuss)

• Be ready to discuss your findings

Objectives:

• 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

Agenda:

1. Tax Facts
• Updated Figures
• How Much Do You Know?
• Class discussion
2. Filing Considerations
• Should They File a Tax Return?
• Tax Issues as Dependents and Self-Employed Workers (paper copy in class)

2/3/20 - Day 19 - Intro to Taxes

Bellwork:

1. Go to EdPuzzle using THIS link, you will need this for the next few unites. 
2. What do you think were the top 3 expenses the government paid for with our tax dollars in 2018?  Be ready to discuss!

Objectives:

• Explain where income taxes are collected from and how they provide revenue for public expenses
• Read a pay stub and describe the different deductions

Agenda:

1. Tax Dollars- where do they go?
• Interactive calculator
2. If Paychecks Could Talk
• What does FICA consist of?
• What are some examples of government discretionary spending?
• What are some examples of benefits we receive as a result of government spending?
3. How to Read a Paystub
• Check for Understanding