In this lesson students will learn how to fill out a W-4 form (W4), an important document for your employment paperwork. You’ll learn about the different sections of the form, such as personal information, dependents and other credits, and adjustments to your tax withholding, as well as the importance of updating it when your tax … Continue reading How to Fill Out an IRS W-4 Form Lesson
Earning Money Lessons
Welcome to our page on earning money! We believe that understanding how to earn and manage money is a crucial skill in financial literacy. Our resources are designed to provide a comprehensive understanding of earning money, including exploring different job opportunities, developing job skills, and creating a budget. Whether you’re a teacher, parent, or financial educator, our collection of lesson plans, worksheets, and activities will equip you with the tools you need to teach these critical skills and empower students to become financially responsible individuals. From identifying their strengths and interests to negotiating salaries and managing income, our materials will help students develop healthy financial habits and achieve financial success.
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How to Read Your W-2 Tax Form Lesson
In this lesson students will learn about the W-2 tax form from the IRS, which is an important document required for filing your taxes that you receive from your employer. We will understand the different boxes and sections of the W-2 form that provide information about your earnings and taxes withheld by your employer during … Continue reading How to Read Your W-2 Tax Form Lesson
How to Prepare for a Recession
Learn the basics of how to prepare yourself for a recession, economic loss, or potential job loss. Learn important steps and tips to help prepare and protect yourself for a decline in the economy, a layoff, job loss, unemployment, or other related event. CONCEPTS Use this video lesson on the topic to discuss the financial … Continue reading How to Prepare for a Recession
How to Make a Budget – 5 Steps
Learn the basics of how to create a personal budget, including 5 simple steps. CONCEPTS Use this video lesson on the topic to discuss the terminology and basic economic and related concepts of Income Spending Saving Budgeting PROCEDURE Hand out the worksheet below (see the GET LESSON button near the bottom of the page). Show … Continue reading How to Make a Budget – 5 Steps
Getting Ready for Taxes: Documents you Need
The first step towards filing your tax return is to gather all the documents that you will need. Here, students learn what documents, paperwork, and receipts are needed to file your income tax return. It is a checklist of documents for completing IRS form 1040 Income tax. Learn to prepare and organize your tax documents, … Continue reading Getting Ready for Taxes: Documents you Need
Financial Management Skills Assessment
LESSON DESCRIPTION Students assess their own financial management skills by taking the money management self-assessment. This assessment will help students identify their current knowledge or money management as well as areas that need instruction regarding money and finances. Money management is how you manage all aspects of your finances. This includes setting goals for the … Continue reading Financial Management Skills Assessment
Introduction to Earning Money
An introduction to earning money. Teaching Objectives: Students will learn why they should earn money. Students will learn how to earn money. Students will understand what they can do with the money they earn. Suggested Grade Level 4th – 6th Grade. Fourth Grade. Fifth Grade. Sixth Grade. Special education. Teens Teenagers Kids. Earning … Continue reading Introduction to Earning Money
W Is for Wages – W4 and W2 Forms
Students compute the gross pay for a fictional John Dough given his hourly wage and the number of hours worked. They compare gross pay to net pay. They learn what FICA and federal income taxes are. They learn how to complete a W-4 form and what a W-2 form is.
Invest in Yourself
Students are divided into four groups to produce name tents. Each group produces name tents in a different way to highlight different levels of human capital. Students identify ways in which people invest in their human capital. Students use the Bureau of Labor Statistics Occupational Outlook Handbook to analyze unemployment, educational attainment, and median weekly … Continue reading Invest in Yourself
Making Money – Financial Aspects of Employment
This lesson introduces students with making money and the various topics related to career planning and the financial aspects of employment. Teaching Objectives: Know the phases of the career-planning process Identify and apply for employment Understand the interview process Understand some of the hidden costs of a job Understand some of the benefits companies often … Continue reading Making Money – Financial Aspects of Employment
