I remember filling out a 1040EZ Income Tax form in my senior government class. It was big deal. I'm delighted to see this quality lesson developed by EconEdLink. I hope teachers will think "outside of the box" a bit to see where in the district curriculum this lesson fits.
When I train on Thinkfinity resources I often ask teachers to include a lesson once in a while from EconEdLink in their subject area (every subject can find a way to include one of their lessons) just to help their students become responsible adults.
Thanks, EconEdLink for providing, yet another, very practical, timely and pertinent lesson. The depth of EconEdLink as Jane just pointed out is absolutely amazing. With reference to this specific lesson, I am especially pleased because it has implications for any student who is 16 and over. It will be helpful for high school teachers to use and explain, but at the college level there is also a need for this simple version for the 1040EZ. I'm thinking that at the college level, the professor could go over each line and and have the students provide information about things like income received for "noncombat" pay, and other forms of income that might be received including government supplements.
This is a great lesson, and one that can and will increase the economic literacy for a large number of students.
I agree with Jane and Karen, that EconEdLink is offering some wonderful lesson plans that are appropriate for many different subject areas. Sometimes educators become so focused on math, science, English, and social studies that they forget about practical business lessons like budgeting and balancing a checkbook. It's great that teachers now have a resource to help students learn how to complete an income tax form.
Thanks EconEdLink for continuing to provide quality lessons for teachers.