The world of paychecks will be explored. Payment methods and paycheck terminology will be discussed, how paychecks work, what payroll withholdings are and why they are taken out as well as what taxes are paid. It is also important to know what paperwork is required to complete when starting a new job.

Cross-curricular keyword: Math

Lesson Objectives

  • Recognize what tax forms must be completed for employment
  • Demonstrate fluency of the terms associated with a paycheck
  • Identify what payroll withholdings are and what is deducted from paychecks
  • Differentiate between gross and net income

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