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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.