Becoming familiar with taxes
Students match tax types to definitions and then apply their knowledge to tax scenarios.
Big idea
To manage expenses, governments raise money by collecting different types of taxes.
Essential questions
- What are some types of taxes people have to pay?
- Which taxes are most common in a person’s life?
Objectives
- Become familiar with key vocabulary related to taxes
- Develop a sense of how taxes affect their own lives
What students will do
- Read scenarios and determine what taxes are involved.
- Analyze how taxes may impact their own lives.
Download activity
Teacher guide
cfpb_building_block_activities_becoming-familiar-taxes_guide.pdf
Student materials
cfpb_building_block_activities_becoming-familiar-taxes_worksheet.pdf
cfpb_building_block_activities_taxes-understanding-basics_handout.pdf
Note: Please remember to consider your students’ accommodations and special needs to ensure that all students are able to participate in a meaningful way.