Learning About Taxes

1
Learning About Taxes

• What are taxes?
• How do you know how much to pay in taxes?
• What are taxes used for?

2
Step One Your Mission

• You are going to visit the Ben and Jerrys ice
  cream shop. Each tub of ice cream costs 1.00.
  You have 5.00 to spend. BUT you must pay taxes
  on what you buy. This is called sales tax.
• NEXT

3
Step Two Getting Ready

• To make sure you dont spend more than your
  5.00, you need to open this excel spreadsheet.
  When you decide what kind of ice cream to buy,
  type in the name, the number you want, and the
  cost for one tub (1.00). The spreadsheet will
  calculate the total cost for that type of ice
  cream.
• NEXT

4
Step Three Make Your Choices

• Make your ice cream choices by going to the Ben
  Jerrys website. Remember, each type of ice
  cream costs 1.00, but you have to leave enough
  money for taxes at the end!
• Enter your choices on the Excel spreadsheet.
• When you are done making choices, use the sum
  function (S) to add up to the cell that says
  Subtotal.
• NEXT

5
Step Four Figure the Tax

• Now its time to figure out how much you have to
  pay in taxes.
• Go to the Tax Calculator website. Choose Boone
  County, then enter the amount you have spent and
  click Calculate.
• Enter the correct amount of tax in the
  spreadsheet in cell D9, then add that to the
  subtotal you figured in Step Three.
• Have you stayed below your limit of 5? If not,
  you will have to take out some of your choices.
• NEXT

6
Step Five Why Pay Taxes?

• Now that you have some experience about how taxes
  work, its time to answer the questions, Why do
  we have to pay taxes? and Where does the money
  go?
• Follow this link to learn about what taxes are
  used for. Answer the questions and read the
  information on this quiz.
• NEXT

7
All Finished!

• Now that you know why you pay taxes, and how the
  taxes help you, you wont want to complain next
  time you have to pay taxes at the store!