The students participate in an activity designed to help them understand when and why people pay taxes. They learn about income and the differences between gross and net income. They learn that we pay taxes on income and that governments use tax revenue to provide goods and services. Many goods and services provided by government are particularly important because they are not likely to be provided by businesses.
Concepts
- Gross Income
- Income
- Income Tax
- Property Tax
- Sale
- Sales Tax
- Taxes
Standards in Economics and Personal Finance
View the standards that correlate to this lesson:
Related Lessons
Online Lessons
The role of government is to provide for the common defense, define and protect property rights, and enforce contractual arrangements. Throughout the 20th and early 21st century, government has increased its role in economic life. The role of gove...
This lesson will assist students in identifying various taxes and the services they help governments provide.
Print Lessons
This interdisciplinary curriculum guide helps teachers introduce their students to economics using popular children's stories.
This publication contains fourteen lessons that use a unique blend of games, simulations, and role playing to illustrate economics in a way elementary students will enjoy.
This publication contains 17 lessons that complement the 6-8 Student Workbook. Specific to grades 6-8 are a variety of activities, including developing criteria that students think would make a good graham cracker and taste-testing to determine wh...
Reviews
Have you used this lesson? Please submit a review.
E-MAIL SIGN-UP
Sign up to receive updates when new resources are available.
Facebook
Twitter
YouTube
LinkedIn