Standard 2 Taxes

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Instructional Resources:

Standard 2 focuses on identifying and describing the impact of local, state, and federal taxes on an individual's income and standard of living. Students will examine reasons for taxation, types of taxes, and the importance of meeting tax obligations.

Unit 2. Taxes	Suggested Instructional Class Periods:
	Semester Course:	Embedded in a Course: (9 weeks)
	5	2
Oklahoma Academic Standard:
PFL.2 The student will identify and describe the impact of local, state, and federal taxes on income and standard of living.
Essential Questions:
How do financial decisions impact individuals and society? What is government’s role and relationship to consumers? ' What makes a financially responsible citizen?
Supporting Questions:
What role do taxes play in democratic societies? How are taxes levied and applied at different levels of government? How do tax responsibilities affect an individual’s income? What are the obligations of citizens regarding payment of their taxes?