Taxes
Sponsored by
Discover and Discovery Education
Unit Overview
In this
unit, you will learn about different types of taxes and why people pay them. At
the beginning of the module, you will read statements about taxes and decide
which ones they agree with. You will
learn what public goods and services are and then explore various types of
taxes, including income, payroll, consumption, and property.
Why is money taken out
of your paycheck? How do you benefit from paying taxes?
This module will cover why taxes are taken out of a paycheck,
along with the benefits of paying taxes. You will get an overview of the parts
of a paycheck and typical deductions for taxes and benefits.
|
Complete the learning module below
and take any necessary notes. |
After you enter the workforce, it is vital to keep accurate
financial records. As you get older,
its even more important to keep track of your earnings, spending and savings. Below are some items of what you should save.
Ψ Paycheck stubs
Ψ Copies of completed tax returns
Ψ Credit card statements
Ψ Medical expenses
Ψ Educational expenses
Ψ Rent receipts
Ψ Receipts of donations
Lets
Practice
Click here
to watch a video and complete a quiz on Taxes.