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Becoming familiar with taxes

Updated

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.