Essentials of Mathematics
11 -
Personal Income Tax
This sub-organizer contains
the following sections:
Prescribed Learning Outcomes
Suggested Instructional Strategies
Suggested Assessment Strategies
Recommended Learning Resources
PRESCRIBED
LEARNING OUTCOMES
It is expected that students
will prepare a simple income tax form
It is expected that students
will:
- prepare an income tax
form for an individual who is single, employed, and without dependents
SUGGESTED
INSTRUCTIONAL STRATEGIES
A working knowledge of the
skills involved in the preparation of an income tax return will be essential
to most students.
- Ask each student to
find a description, including salary, of a job that is of personal interest
to them in the careers section of a newspaper or on the Internet. Have students
prepare a basic income tax return for one year of employment in that job.
- Have groups of students
report to the rest of the class on the effects of RRSPs, donations, and educational
tuition fees on an income tax return for a fixed income.
- Have students research
and create tables of the levels of taxation according to income amount and
of the various rates of taxation according to province or territory of residence.
- Have students report
on the effects of levels of taxation if a given income is increased or decreased
substantially.
- Discuss with students
provincial and federal taxes, including how one is based on the other and
how they can change.
SUGGESTED
ASSESSMENT STRATEGIES
Preparing an income tax
return involves skills that students can use throughout life. As much as possible,
assessment should relate to the real-world applications of this skill.
Collect
- Give students job descriptions,
including wages, and have them choose an occupation and complete an income
tax form for a single individual without dependents. Collect the forms, noting
the extent to which students:
- properly complete
arithmetic operations
- use tables and forms
properly
- properly calculate
provincial taxes and surtaxes
Self Assessment
- Ask students to note
the effects on income tax of:
- deductions, including
RRSPs
- the amount of income
- taxable benefits
RECOMMENDED
LEARNING RESOURCES
Comprehensive learning resources
for this course are currently under development. As an interim measure, schools
are encouraged to use the teacher-developed learning resources distributed to
schools (student and teacher resources). Please note that the student materials
require photocopying for student use.
[no resources]
©
2000 Copyright. All Rights Reserved. Curriculum Branch.
Maintained by: Mathematics Coordinator
Revised: November 22, 2000
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