Standard #: SS.912.FL.2.12


This document was generated on CPALMS - www.cpalms.org



Identify and complete appropriate tax forms to calculate the amount of federal income tax owed.


Examples


Example: Given a simple scenario, complete the appropriate tax form and identify if the filer will receive a refund or be required to make a payment to the Internal Revenue Service (IRS).

Clarifications


Clarification 1: Instruction includes the identification of various payroll taxes and withholdings (e.g., Social Security, Medicare, federal withholding, etc.).

Clarification 2: Instruction includes formally (using tax tables) and informally (estimating) calculating taxes.

Clarification 3: Instruction includes understanding why calculating one’s taxes may differ from the government’s calculations.



Related Courses

Course Number1111 Course Title222
2102300: Economics and Personal Finance (Specifically in versions: 2023 - 2024, 2024 and beyond (current))
2102305: Economics and Personal Finance Honors (Specifically in versions: 2023 - 2024, 2024 and beyond (current))
2102371: Personal Finance and Money Management (Specifically in versions: 2023 - 2024, 2024 and beyond (current))
2102373: Personal Finance and Money Management Honors (Specifically in versions: 2023 - 2024, 2024 and beyond (current))


Printed On:7/10/2025 9:58:18 PM
Print Page | Close this window