Unit 3 Taxes & the U.S. Tax System

Date Assigned: 3/24/2013
Date Due: 04/26/2013
Unit 3 Learning Objectives:
Students will be able to identify the parts of the W2 and W4, its use to adjust tax witholdings.
Students will be able to demonstrate the ability to prepare and file simple state and federal tax forms.
DO: Weekly Reading “Gas Tax Racking Up Miles” Reading
Date Assigned: 3/24/2013
Date Due: 04/26/2013

Unit 3 Learning Objectives:

  • Students will be able to identify the parts of the W2 and W4, its use to adjust tax witholdings.
  • Students will be able to demonstrate the ability to prepare and file simple state and federal tax forms.

DO:  Weekly Reading “Gas Tax Racking Up Miles”  Reading
DO:  Reading handout (Analyzing Text)   Handout

 
Readings
“Why Pay Taxes”:  ROT Info Sheet 1
“Why Pay Taxes”:  ROT Info Sheet 2
“Taxpayer Responsibilities–Voluntary Compliance”:  TR Info Sheet 1
“Tax Fairness”:  FIT Info Sheet 1
“Regressive Taxes”:  Regressive Info Sheet
“Progressive Taxes”:  Progressive Info Sheet
“Proportional (or Flat) Taxes”:  Proportional Info Sheet

PowerPoint Taxes

Assignments:

DO:  3 worksheets “Regressive”, “Progressive” and “Proportional” tax worksheets.  Download and print copies of the worksheets.  On the worksheets where it says write an “essay”, you only need write 2-3 sentences.
Progressive Tax Worksheet
Regressive Tax Worksheet
Proportional Tax Worksheet

DO: W4 Withholding Form (print W4 form at http://www.irs.gov/pub/irs-pdf/fw4.pdf)

DO: Examine pay stub — be prepared to know different parts of a pay stub  sample pay stub
DO: Examine W2 Form — be prepared to know different parts of a W2 Form  sample W2

DO: Federal 1040EZ Income Tax formfor Cicely King and Tasha Miller–print 1040EZ form at (http://www.irs.gov/pub/irs-pdf/f1040ez.pdf) Tax Tables (http://www.irs.gov/pub/irs-pdf/i1040ez.pdf)
TAX INFO: download copies of King and Miller W2 forms: King & Miller W2

DO: Federal 1040 EZ Income Tax form for Seth Wiggins and Monica Lindo (print 1040EZ form athttp://www.irs.gov/pub/irs-pdf/f1040ez.pdf) Tax Tables (http://www.irs.gov/pub/irs-pdf/i1040ez.pdf)
TAX INFO: download copies of Wiggins and Lindo W2 forms: Lindo & Wiggins W2

EXAM REVIEW:  Unit 3 Study Guide

DO: State 40S Income Tax form for King and Miller (use King and Miller W2 forms)
Print 40S form at http://www.oregon.gov/DOR/PERTAX/docs/2013Forms/101-044-10.pdf
and instructions for tax tables http://www.oregon.gov/DOR/PERTAX/docs/2013Forms/101-043-10.pdf

IRS filing taxes (forms & publications):  http://www.irs.gov/formspubs/index.html