Tax Day Simulation
April 2026
🍎 Teacher Guide
📝 Student Tax Form

⚙️ Simulation Setup

Configure these settings before starting. They control the numbers used throughout the lesson and on the student form.

My ClassBank Tax Return

April Tax Day 2026
🏛️
In the real world, everyone who earns income must file their taxes by April 15th. Today you're filing your ClassBank taxes! Look at your ClassBank account, fill in your earnings below, and find out if you get a refund (bonus!) or if you owe (fine!).
👤 Your Information
Check your ClassBank dashboard for your job title
💰 Step 1: Calculate Your Total Earnings
💡
Open your ClassBank account. Look at your paycheck history and bonus deposits to fill in the amounts below.
Income SourceHow to Find ItAmount ($)
💼 Job Salary (total paychecks received) Add up all your paycheck deposits in ClassBank
🌟 Bonuses Earned Total bonus deposits from your account history
🏦 Savings Interest Any interest earned on your savings
TOTAL GROSS INCOME $0
📋 Step 2: Deductions (Things That Lower Your Tax)
💡
Deductions are amounts subtracted from your income BEFORE calculating tax. This means you pay tax on a smaller number!
DeductionDescriptionAmount ($)
🏠 Bills Paid (Rent, etc.) Monthly desk rent or other bills you paid in ClassBank
🎁 Charitable Donations Any coins you donated to class causes
📦 Class Supplies Purchased Supplies you bought for classroom use
TOTAL DEDUCTIONS $0
🧮 Step 3: Calculate Your Tax
LineWhat It MeansAmount ($)
A Total Gross Income (from Step 1) $0
B Total Deductions (from Step 2) - $0
C Taxable Income (A minus B) $0
D Tax Rate (set by your teacher) 10%
E Tax Owed (C × D) $0
F Fines Already Paid This Year (counts as taxes paid)
G YOUR RESULT (F minus E) $0
🏦
ClassBank Action: Your teacher will deposit your refund as a bonus or deduct your amount owed as a fine in ClassBank. If you filed on time, you also get a $10 on-time bonus! If you filed late, there's a $15 late penalty.
ClassBank Tax Day Simulation • classbank.com
Student Signature: _________________ Date: ___________

Tax Scenario Challenge

Show Your Work
🧠
Read each scenario. Calculate whether the person gets a refund or owes money. Show your math! Your teacher will review the answers together.
⭐
Bonus: Why Do Taxes Exist?

In the real world, the government collects taxes to pay for things everyone uses — like schools, roads, firefighters, and parks. In our classroom, taxes help keep our economy fair and teach us responsibility.

Write 2-3 sentences: What would happen if nobody paid taxes? What couldn't our classroom (or community) afford?

ClassBank Tax Day Simulation • classbank.com