Employers withhold taxes from employees' pay. Gross pay is the amount the employee earns. Net pay, or take-home pay, is the amount the employee receives after deductions.

Practice interpreting an Income Statement in this seven-question exercise.

TaxHistory.com provides a detailed look at the development and history of the federal income tax. Content addresses the roots of the federal income tax with the 1894 Income Tax Act, the reasoning behind the 16th amendment, the two uses...

This unit is to expose students to different types of earnings, determine gross earning, calculate payroll deductions, and net pay. This project will have students journalize payment of payroll, employer payroll taxes, and payment of...

A comprehensive look at the economic growth in the U.S. in the 1920s. Provides statistical information on national product, income and prices, population and labor, agriculture, productivity, coal and petroleum, energy and...

Engaging, fun tutorials and interactive games related to earning, spending, saving, and budgeting money.

This site provides a detailed study of income elasticity, which is how one's demand changes as income changes. It also gives good examples of normal and inferior goods.

This site provides a detailed study of income elasticity, which is how one's demand changes as income changes. It also gives good examples of normal and inferior goods.

This article examines each component of aggregate demand from the Keynesian perspective. Includes a table summarizing the information in the article, review questions, and critical thinking questions.

CPSR offers an informative discussion of current legal and policy topics hosted by group working for rights of assembly and speech for online communities.