Tax Time: Scavenger Hunt
To begin the lesson, explain that everyone who earns income pays taxes, and those taxes help fund important services like schools, roads, and public safety. Students will explore this concept using their own Bankability pay stubs. After reviewing the difference between gross pay (the total earned) and net pay (the amount received after taxes), students will complete a scavenger hunt by locating specific details on their pay stub. They’ll use the information to calculate how much they’ve paid in taxes and reflect on how those deductions add up over time. This engaging, hands-on activity will help students better understand the impact of taxes on their income and build practical money management skills.