Financial Basics — Lesson 401
A World Without Taxes
Students identify sources of state and local tax revenues. They learn about the various tax forms used by the IRS. Students then break into teams of four and debate the purpose and benefit of various types of taxes.
What Students Learn
- What are taxes and the types of services they pay for
- The importance of the IRS and April 15th
- The importance of tax planning
- The use of forms W2, W4, 1040 Schedule C, 1099
Suggested Time
- Preview and Episode Viewing: 45 minutes
- Activity: 1 hour
Sketch: Gus Greenback
Lessons in Financial Basics
Lesson
Money Math – Who Needs It?
What Students Learn
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Whether you need to calculate the tip, make change, or grow your savings, it’s all about the math in money.
Lesson
How to Achieve Your Financial Goals
What Students Learn
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Learn how to track expenses, control spending, and invest what’s left over to reach your financial goal.
Lesson
Don’t Blow Your Dough
What Students Learn
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Biz Kid$ beware! Put your money in a safe place and beware of scams, schemers, and identity theft.
Lesson
Budgeting Basics
What Students Learn
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The first rule of money management: you can’t manage what you don’t know. Learn how to track expenses to build a better budget.
Lesson
Are You Financially Literate
What Students Learn
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Get financially empowered by learning how to set goals, create a budget, save, and manage money.
Lesson
Where’s My Allowance?
What Students Learn
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What can you do with your allowance? Spend, save, share!
Lesson
Take it to the Bank
What Students Learn
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Learn the difference between banks, credit unions and other financial institutions, and which one is right for you.
