Principles of Business, Marketing and Finance Income Tax Return 1 Copyright © Texas Education Agency, All rights reserved.

“Copyright and Terms of Service Copyright © Texas Education Agency. The materials found on this website are copyrighted © and trademarked ™ as the property of the Texas Education Agency and may not be reproduced without the express written permission of the Texas Education Agency, except under the following conditions: 1)Texas public school districts, charter schools, and Education Service Centers may reproduce and use copies of the Materials and Related Materials for the districts’ and schools’ educational use without obtaining permission from the Texas Education Agency; 2) Residents of the state of Texas may reproduce and use copies of the Materials and Related Materials for individual personal use only without obtaining written permission of the Texas Education Agency; 3) Any portion reproduced must be reproduced in its entirety and remain unedited, unaltered and unchanged in any way; 4) No monetary charge can be made for the reproduced materials or any document containing them; however, a reasonable charge to cover only the cost of reproduction and distribution may be charged. Private entities or persons located in Texas that are not Texas public school districts or Texas charter schools or any entity, whether public or private, educational or non-educational, located outside the state of Texas MUST obtain written approval from the Texas Education Agency and will be required to enter into a license agreement that may involve the payment of a licensing fee or a royalty fee. Call TEA Copyrights with any questions you have.

Need to Know Terms Open and the WORD DOC titled it INCOME TAX RETURN Fill in the NEED TO KNOW TERMS Locate all definitions for the following terms and put definitions on document. 1.Filing Status 2.Exemption 3.Gross Income 4.Adjusted Gross Income 5.Itemized Deductions 6.Standard Deduction 7.Taxable Income 8.Tax Credit 9.W4 Form 10.W2 Form 3 Copyright © Texas Education Agency, All rights reserved.

Need to Know Terms Abrir y el declaración de la renta WORD DOC titulado Rellene la necesidad de conocer CONDICIONES Busque todas las definiciones para los siguientes términos y poner definiciones en el documento. 1.presentación de estado 2.Exención 3.Ingresos Brutos 4.Ingreso Bruto Ajustado 5.Deducciones Detalladas 6.Deducción Estándar 7.Base Imponible 8.crédito Fiscal 9.Formulario W4 10.Formulario W2 4 Copyright © Texas Education Agency, All rights reserved.

Discovery Continue WORD DOC and complete section labeled DISCOVERY Answer the following three questions 1.Determine the gross income for an individual working 40 hours per week at minimum wage. 2.Will the individual receive a check from the company they are working for in that amount? 3.How do taxes affect the individual’s income? 5 Copyright © Texas Education Agency, All rights reserved.

Discovery Continuar WORD DOC y DISCOVERY completa sección etiquetada Responda a las siguientes tres preguntas 1.¿ Determine los ingresos brutos de una persona que trabaja 40 horas por semana en el salario mínimo. 2.¿La persona recibirá un cheque de la empresa que están trabajando en esa cantidad? 3.¿Cómo afectan los impuestos de ingresos de la persona? 6 Copyright © Texas Education Agency, All rights reserved.

Summary Continue WORD DOC and fill in section labeled SUMMARY by answering the following questions. 1.Why do individuals file tax returns? 2.Why is it important to complete the Form W-4 correctly upon starting a new job? 3.Who do you send an individual tax return to? 4.What is the last date you can file an individual tax return without penalty? 5.When should employers provide the W-2 to employees? 6.What are some examples of exemptions you may have on a tax return? 7 Copyright © Texas Education Agency, All rights reserved.

Summary Continuar WORD DOC y rellenar la sección Resumen etiquetada respondiendo a las siguientes preguntas. 1.¿Por qué los individuos presentar declaraciones de impuestos? 2.¿Por qué es importante completar el Formulario W-4 correctamente al iniciar un nuevo trabajo? 3.¿A quién le enviaremos una declaración de impuestos individual? 4.¿Cuál es la última fecha en que usted puede presentar una declaración de impuestos individual sin penalidad? 5.¿ Cuando los empleadores deben proporcionar a la W- 2 a los empleados? 6.¿Cuáles son algunos ejemplos de excepciones que pueda tener sobre una declaración de impuestos? 8 Copyright © Texas Education Agency, All rights reserved.

Independent Practice Go to Use the financial information located on the provided W- 2 ( and Examples) to complete the required areas on the form. Calculate the tax return based on the formulas provided throughout the 1040 EZ. Double check all calculations and information to ensure accuracy for the IRS. Turn in completed Form 1040 EZ and INCOME TAX RETURN Doc 9 Copyright © Texas Education Agency, All rights reserved.

Independent Practice Ir a Utilice la información financiera se encuentra en las proporcionadas W-2 ( y Ejemplos) para completar las áreas requeridas en el formulario. Calcular la declaración de impuestos sobre la base de las fórmulas previstas en todo el 1040 EZ. Verifique todos los cálculos y la información para asegurar la precisión para el IRS. Entregue completado el Formulario 1040 EZ y declaración de impuestos Doc 10 Copyright © Texas Education Agency, All rights reserved.