5+Taxes

=TAXES! =

media type="youtube" key="Cvr4qMVUqoY" width="560" height="315" Taxes Padlet Tax Benefits Padlet Tax Receipt

=TAXES =

Tax Terms

Instructions:
 * Download and complete the income tax term table
 * Go to the website Storyjumper and sign up for a free account
 * Write your own book using each of the vocabulary words at least one time
 * The story must make sense
 * It must be about a tax situation
 * It must have a character who has a "challenge"
 * There should be some obstacles in the character's way
 * The character solves the challenge!
 * It must use the terms in the correct context
 * It must be between 5 and 10 pages
 * It must include photos/illustrations for each page
 * It must be incredibly engaging, entertaining, and educational

media type="custom" key="29007973" Takeaways

It is expensive and time consuming to comply with Federal tax law

W4 Form W2 Form 1040 EZ 1040 EZ Instructions

1040A Form 1040 Form

Oregon Form 40 Oregon Income Tax Instructions

**1. Alan Larson begs you to do his taxes...**
 * Alan (not Alec) is single and his parents will claim him as a dependent
 * When you are done, email me the completed 1040EZ form in PDF format (on the fillable form, go to Print, then change the "Printer" to a PDF.)

Complete an Oregon Form 40 Tax form for Alan; email it to me.


 * 2. Kevin Bailey sure thinks you can do his taxes too...**


 * Kevin is single and no one can claim him as a dependent.
 * Master Bailey received a 1099-INT from his bank indicating that he earned $133 in interest last year.
 * If he gets a refund, he wants Direct Deposit. He has given you all of the necessary account information. Only you know it.
 * When you are done, email me the completed 1040EZ in PDF format.

Complete an Oregon Form 40 Tax form for Kevin; email it to me.


 * 3. Jaye Britton** **heard that you are doing people's taxes for free...**


 * Miss Britton received a 1099-INT from her bank indicating that she earned $13 in interest last year.
 * Complete a 1040EZ form for Jaye; email it to me in PDF format.

Complete an Oregon Form 40 Tax form for Jaye; email it to me.

4. Jonathan Jackson (whose real name is Abada A. Badabada) offers you a Mr. Goodbar if you do his taxes...

 * You "love" Mr. Goodbars
 * Abada is a single student and his parents will claim him as a dependent.
 * When you are done, email me the completed 1040EZ form in PDF format.

Complete an Oregon Form 40 Tax form for Abada; email it to me.

=**Don't be a neanderthal....use free online tax software to help out the Terkels!** =

**Go to the IRS website**

**Choose Tax Slayer!** **Set up an account, and complete federal and state taxes for Butch and Trixie. Here's their information:**

**Butch and Trixie Terkel** **111 Bub Street** **Garibaldi, OR 97855**


 * **Both born July 4, 1990**
 * **SS#s are 123456789 and 987654321**
 * **Phone 503 456-7890**
 * **Married filing jointly**
 * **No one else can claim them on their taxes**
 * **They have a dependent daughter named Bob**
 * <span style="font-family: Arial,Helvetica,sans-serif;">**Wages: $11,788**
 * <span style="font-family: Arial,Helvetica,sans-serif;">**Interest Income: $264**
 * <span style="font-family: Arial,Helvetica,sans-serif;">**Federal Income Tax Withheld: $323**
 * <span style="font-family: Arial,Helvetica,sans-serif;">**Oregon Income Tax Withheld: $37**
 * <span style="font-family: Arial,Helvetica,sans-serif;">**No other deductions or credits apply**

<span style="font-family: Arial,Helvetica,sans-serif;">When you are complete, you should be able to download two pdf's: one for federal and one for state. Save them as pdf's, attach them to an email, and send them to me.

<span style="font-family: Arial,Helvetica,sans-serif;">You did great, and you look great. Did you get your hair cut, layered, curled, permed, and dyed? I thought so.