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.
In this economics lesson, students will learn about taxes and the reason for taxes.
Key Concepts: Taxes
In this economics lesson, students will examine a public-private partnership to learn about opportunity cost.
Key Concepts: Opportunity Cost, Roles of Government, Taxes