Objective

By the end of this lesson, you will be able to understand how income tax is calculated and apply basic arithmetic skills to solve income tax related problems.

Materials and Prep

Materials: Pen, paper, calculator

Prep: Basic understanding of addition, subtraction, multiplication, and division

Activities

1. Start by discussing what income tax is and why it is important.

2. Practice calculating income tax using different income levels and tax rates.

3. Create real-life scenarios where you earn income and need to calculate and budget for income tax.

Seventh Grade Talking Points

• Income tax is a percentage of your income that goes to the government. For example, "When you earn money from a job, a certain percentage of that money goes to the government as income tax."
• The income tax rate may vary based on how much you earn. For example, "The more money you earn, the higher percentage of income tax you may have to pay."
• Calculating income tax involves using basic arithmetic skills like addition, subtraction, multiplication, and division. For example, "To find out how much income tax you need to pay, you would need to use math to calculate the percentage of your income."