Taxation: US 24695

This resource helps students learn about types of taxation and how taxation relates to different sources of personal income. They will also learn about how tax codes are used other deductions that are related to personal income. It will also help teachers to deliver the Financial Capability Unit Standard 24695 ‘Explain taxation and other deductions relating to personal income’ (Level 2, 2 credits).

Level 2, Credits 2
15-20 hrs

Mathematics and Statistics
Social Sciences
Level 2 Financial Capability Unit Standard

Free to NZ schools
Led by teachers Training Available
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The last date for assessment for the old versions of the unit standards was 31 December 2022. You should now be using the new standards. Therefore, the existing versions of our resources are now obsolete. The new resources for this assessment is ready please email to receive this resource.

Resources and assessments for most of the other unit standards are available from Sorted in Schools.

Curriculum links

Financial Capability is a core generic domain on the New Zealand Qualifications Framework.

Students will:

  • Learn what tax is and why we pay tax
  • Learn about different sources of personal income
  • Learn about types of income tax
  • Learn about tax codes
  • Learn about other deductions related to personal income
  • Complete practice activities to help prepare for the assessment

For access to the marking guidelines and student assessment for this Unit Standard please email us at:

Download includes:

  • Using Financial Capability Unit Standards
  • Interactive Student Workbook
  • Helpful information