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Middle School Math: Taxable Income, Income Tax Game Using Percentages (Easel)
By Geography & Math Made Easy
This is a real-life lesson that encourages students to evaluate taxable income based on one's income and the marginal tax bracket. Kids will love this and have a great time discussing the occupations and how much each is taxed. This lesson does not go as far as to discuss personal deductions and standard deductions, which would lower your taxable income. That is for another day. This is a simple introduction to how Federal taxes are collected.
Focuses on taxable Income, understanding taxes, calculating taxes
Easel Activity Included
OBJECTIVE
MATERIALS
PREPARATION
o Set up the classroom desks or tables so that students are sitting in groups of two or three.
INTRODUCTION: (20 minutes)
Ask students:
Available with purchase
GAME INSTRUCTIONS
Divide students into groups of two or three. Each group will receive a set of Occupation Game Cards. It is suggested that you laminate the cards, cut them, and place them in zip-lock bags so they can be used every year.
Students will be directed to place all cards face down. Distribute the Marginal Tax Bracket Chart.
Students within the group will take turns turning over an Occupation Game Card. Each will write the occupation, taxable income, and income tax percent using the Marginal Tax Bracket Chart provided on each student’s activity sheet (see below). Students will work together to calculate the income tax and lifetime total.
Alternative: you may have students compete against those within their team as another way to play, rather than having one group compete against the other groups in the class. Whatever works best for your students and classroom environment is the best route to take.
The goal is to reach a lifetime total of 100,000 taxable incomes to win. This will require multiple games, or to make it more challenging, raise the Lifetime taxable income goal to 150,000 or 200,000, which will make the game run longer.
Students can create charts on notebook paper for additional games.
Once they reach the lifetime goal, they win that round. Then have them play again.
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Disclaimer:
One purchase is for the use of one teacher. If additional teachers would like to use this product, please purchase additional licenses.
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The game is easily printed on standard card, and is quickly prepared thanks to easy-cut guides.
This card game is also available in a bundle of 5 games for the price of 3. For savings, click here to see.
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SCAVENGER HUNT One-step Inequalities
By Candy Apple Class Aids
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This card game is also available in a bundle of 5 games for the price of 3. For savings, click here to see.
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We are making new products all the time. To keep up to date, feel free to follow us.
We love getting feedback. Don't forget to rate us and leave feedback, and you will receive TeachShare credits to put toward future purchases.
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If you have any comments or suggestions, and to stay updated please follow us or take a look at our Facebook Page
Please click here to visit our website for more information about LittleStreams
By LittleStreams
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Angles, Shapes, Time and Construction - 5 Card Games Bundle 3
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We are making new products all the time. To keep up to date, feel free to follow us.
We love getting feedback. Don't forget to rate us and leave feedback, and you will receive TeachShare credits to put toward future purchases.
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If you have any comments or suggestions, and to stay updated please follow us or take a look at our Facebook Page
Please click here to visit our website for more information about LittleStreams