Grade 9-12
,
Lesson

Preparing Your Form 1040

Time: 45 mins,
Updated: October 25 2022,
Author: Sue Lynn Sasser, Ken Schnitzer
Teacher Version

Objective

Students will be able to:

  • Explain the purpose of IRS Forms W2 and 1040.
  • Use the information in a W2 to complete a 1040 and calculate personal income taxes.

Standards

National Standards in Economics

National Standards in Financial Literacy

State Standards

Common Core State Standards

Concepts

Taxes
Subjects:
Business,Economics,Personal Finance