Students should learn the basics about filing Federal, State, and Local Tax Forms. Students should have a basic understanding of these forms, how to read and understand them, and how to transfer data from their W2 to complete the forms and file them. These forms are pdf versions of online forms that could be realistically filed to get any taxes they payed back. They should also understand at what point they will owe taxes that they cannot get back, and what those taxes fund in our modern society. Today students will fill out W4 forms for their "Employer", calculate W2 forms for reference (use real W2 forms if they have them), and complete Federal (IRS 1040), State (PA-40), and Local (Philadelphia Wage Tax Refund Request). These forms will be completed as fillable pdf's and uploaded to Google Drive. The students must SHARE these files electronically with Mr. S (harvey.scribner@techfreire.org) for credit.
To help you estimate your taxes and other expenses on your paycheck, here is a link to the Pennsylvania Paycheck Calculator:
OBJECTIVE(S) / (SWBAT)
Participate in-class discussions about taxes, liability, and what those taxes go to fund in our society.
Complete ALL Documents, Spreadsheets, and Google Forms associated with the Tax Project.
Open, Copy, and Share a new TAX PROJECT 2022 file in Google Drive with all documentation saved in it.
(❗️) TAX PROJECT 2022
Students should open their Google Drive and CREATE a New File and name it TAX PROJECT 2022 (Last Name) P?
Please open the links below as we complete the project in class:
All links below should be completed with all information required. Make sure that you click the PRINTER Button and save your completed form as a pdf file to your Chromebook/device. You should then transfer that completed document(s) to your Google Drive and save it in the TAX PROJECT 2022 folder for credit.
(❗️) GMAIL ASSESSMENT ACTIVITY
Go to your GMAIL and click COMPOSE. Send an email to Mr. Scribner (harvey.scribner@techfriere.org) with the following information:
Go to your GMAIL and click COMPOSE. Send an email to Mr. Scribner (harvey.scribner@techfriere.org) with the following information:
Answer the following questions in an email to Mr. S (harvey.scribner@techfreire.org)
You may copy/paste the questions into the email.
1. How much was your Gross Income (Wages, Tips, etc.)?
2. Why is it important to pay taxes? What do they pay for in our society?
Example Gmail
TO: harvey.scribner@techfreire.org
SUBJECT: Income Taxes
Body of Message: Answer All Questions Listed Above (Copy/Paste Questions into Gmail)
R.A.C.E.S. Method R - Repeat the Question, A - Answer the Question,
C - Cite Evidence, E - Examples / Explanation, S - Summarize your Thoughts
BACKGROUND
Taxes provide revenue for federal, local, and state governments to fund essential services— defense, highways, police, a justice system—that benefit all citizens, who could not provide such services very effectively for themselves. Taxes also fund programs and services that benefit only certain citizens, such as health, welfare, and social services; job training; schools; and parks.
Article 1 of the United States Constitution grants the U.S. government the power to establish and collect taxes. Congress delegated to the IRS the responsibility of administering and enforcing the Internal Revenue Code. Taxes reduce taxpayers’ income. As a result, taxpayers have less for personal goods and services, savings, and investments.
The more services the government provides, the more taxpayers have to pay for them. Whenever new public goods and services and proposed that require new taxes, taxpayers must decide whether the additional benefits are worth the reduction in income.
KEY TERMS
Public Goods & Services: Benefits that cannot be withheld from those who don’t pay for them, and benefits that may be “consumed” by one person without reducing the amount of the product available for others. Examples include national defense, streetlights, and roads and highways. Public services include welfare programs, law enforcement, and monitoring and regulating trade and the economy.
Taxes: Require payments of money to governments that are used to provide public goods and services for the benefit of the community as a whole.
ESSENTIAL QUESTION(S)
How do taxes get withheld from your check? Who is responsible for reporting and paying income taxes to the federal government, state government, and locally.
How do you feel about income taxes? What other taxes do we pay in our society and what do they fund?
What services are most important to you? What services should not get tax money, or should be funded other ways?
How can I file my tax forms and what information is important to have before I start the paperwork.
ACADEMIC STANDARD(S) (PA)
PA Career Education & Work Standard 13.3.11.D
Analyze Budgets and Pay Statements to include paychecks, bank statements, bills, and other documents that would be required to keep a Personal Monthly Budget
Jump$tart Standards: Financial Responsibility Standards 1, 2 and 4
National Standards for Economics:
Standard 2: Decision Making
PA Social Studies:6.2.12.D: Evaluate changes in economic institutions over time (e.g., stock markets, non-government organizations)
SUBJECT: Income Taxes
Body of Message: Answer All Questions Listed Above (Copy/Paste Questions into Gmail)
R.A.C.E.S. Method R - Repeat the Question, A - Answer the Question,
C - Cite Evidence, E - Examples / Explanation, S - Summarize your Thoughts
BACKGROUND
Taxes provide revenue for federal, local, and state governments to fund essential services— defense, highways, police, a justice system—that benefit all citizens, who could not provide such services very effectively for themselves. Taxes also fund programs and services that benefit only certain citizens, such as health, welfare, and social services; job training; schools; and parks.
Article 1 of the United States Constitution grants the U.S. government the power to establish and collect taxes. Congress delegated to the IRS the responsibility of administering and enforcing the Internal Revenue Code. Taxes reduce taxpayers’ income. As a result, taxpayers have less for personal goods and services, savings, and investments.
The more services the government provides, the more taxpayers have to pay for them. Whenever new public goods and services and proposed that require new taxes, taxpayers must decide whether the additional benefits are worth the reduction in income.
KEY TERMS
Public Goods & Services: Benefits that cannot be withheld from those who don’t pay for them, and benefits that may be “consumed” by one person without reducing the amount of the product available for others. Examples include national defense, streetlights, and roads and highways. Public services include welfare programs, law enforcement, and monitoring and regulating trade and the economy.
Taxes: Require payments of money to governments that are used to provide public goods and services for the benefit of the community as a whole.
ESSENTIAL QUESTION(S)
How do taxes get withheld from your check? Who is responsible for reporting and paying income taxes to the federal government, state government, and locally.
How do you feel about income taxes? What other taxes do we pay in our society and what do they fund?
What services are most important to you? What services should not get tax money, or should be funded other ways?
How can I file my tax forms and what information is important to have before I start the paperwork.
ACADEMIC STANDARD(S) (PA)
PA Career Education & Work Standard 13.3.11.D
Analyze Budgets and Pay Statements to include paychecks, bank statements, bills, and other documents that would be required to keep a Personal Monthly Budget
Jump$tart Standards: Financial Responsibility Standards 1, 2 and 4
National Standards for Economics:
Standard 2: Decision Making
PA Social Studies:6.2.12.D: Evaluate changes in economic institutions over time (e.g., stock markets, non-government organizations)
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