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3.3
3.3 Lesson Plan
DISCUSSION:
Discuss these questions with your classmates or with a partner.
If you made the rules, how much money do you think someone should make before they have to pay income taxes? Explain your reasoning.
1 5 mins
In this activity, students will be able to:
Discuss the fairness of the American tax system.
REFERENCE POINT:
Earned & Unearned Income
Class discussion about Earned & Unearned Income
Most people don’t know that there are actually two types of income - earned and unearned - and each is taxed differently! Review this reference slide and then discuss with the class which types of income are earned and unearned.
In your own words, explain what the main differences are between earned and unearned income.
Do YOU currently have earned or unearned income? Where do you get this money from?
What types of earned and unearned income do you think you’ll have in 10 years?
2 10 mins
In this activity, students will be able to:
Understand & discuss the differences between earned & unearned income.
REFERENCE POINT:
2023 Standard Deduction: $13,850
Now that you know if you can be claimed as a dependent or not, let’s see what the income requirements are to file a tax return. Read through this slide that breaks the income requirements down based on your dependency status, filing status, and age.
3 10 mins
In this activity, students will be able to:
Understand standard deductions for 2022
References:
Do I Need to File a Return?
[Tax Information for Dependents, Self-Employed Workers, and Household Employees]
4 40 mins
In this activity, students will be able to:
Analyze different scenarios and determine if the person in each scenario is legally required to file a tax return
Explain the benefits of filing a tax return even if they are not legally required to
Understand who can be claimed as a dependent
PLAY:
Should They File a Tax Return?
Put all you’ve learned so far to the test in this fun activity! Students will work together to determine who needs to file a tax return and be able to explain the reasoning based on their income or dependency.
5 40 mins
In this activity, students will be able to:
Analyze different scenarios and determine if the person in each scenario is legally required to file a tax return
Explain the benefits of filing a tax return even if they are not legally required to
Understand who can be claimed as a dependent
What is the last day that an employer can distribute an employee W-2?
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