High schoolers complete lessons and worksheet to identify the different types and uses of payroll taxes. They examine how federal income taxes are used, determine the difference between gross and net pay, and determine how employers...

Because many of your older students are probably getting their first jobs, it could be an appropriate time to discuss taxes. This presentation defines deductions, types of taxes, purposes of paying taxes, and the forms required to file...

What exactly is the fiscal cliff? What are the effects of changing income tax rates and payroll tax rates? Your learners will begin by reading news articles and examining graphs illustrating the "Bush tax cuts" of 2001 and 2003. They...

Students explain the history of the Social Security Act and the FICA tax. They describe what Social Security is and whom it is intended to help. They explain the purpose of the FICA tax.

Introduce your young adults to the important understanding that the money they receive from their paychecks is a net amount as a result of deductions from taxes. Other topics covered include federal, state, Medicare and social...

Students simulate creating and calculating employees payrolls using hourly wages, deductions, and proper taxes.

Students study taxes and the role that they place in our lives. In this economic lesson, students explore the reality of taxes, how they work, why we pay them, where the money goes and how to make the most of the money you pay into taxes...

Students examine payroll process, determining ones income, deductions taken out of paychecks (taxes, insurance, charitable contributions, retirement), fixed and variable expenses to expect and money management.

Learners read about the history of negative political advertisements in U.S. elections. For this politics lesson, students view several ads for opposing candidates and analyze and discuss the content. Learners write scripts for...

In this current events instructional activity, students analyze a political cartoon about Social Security. Students then respond to 4 short answer questions.

Students explore the concept of social security. In this social security lesson, students read an article about social security and whether or not it will last. Students discuss ideas on what to do when social security runs out. Students...

High schoolers investigate why doctors feel torn between patients and insurance companies. They examine the health care system and how it affects patients. They discuss one's ability to afford health insurance as well.

In this economics worksheet, students answer questions relating to consumption, investment, and expenditures in a model of a closed economy.  The eight page worksheet contains forty multiple choice questions.  Answers are not...

Payroll taxes include the Social Security tax and the Medicare tax. Social Security taxes provide benefits for retired workers, the disabled, and the dependents of both. The Medicare tax is used to provide medical benefits for certain...

Answer the following multiple-choice and true/false questions about payroll taxes and federal income tax withholding by clicking on the correct answers. To assess your answers, click the Check My Answers button at the bottom of the page.

A tax tutorial that will cover payroll taxes, income tax withholding from employees' pay, and how to complete form W-4.

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.

This instructional activity will help students understand the withholding of payroll and income taxes from pay.

This lesson plan will help students understand the withholding of payroll and income taxes from pay.

Without understanding FICA, many high school students who begin working are shocked when they get their first paychecks. This article clearly explains these payroll taxes and what they mean for both employees and employers.

This site explains the purpose of the W-2 form, special situations that affect it, and where and when to file it.

Learn about different types of tax cuts the government can use to help control unemployment. The article explains how tax cuts create jobs, but it also suggests other steps the government can take that may be more effective.

Explains requirements of FICA - Federal Insurance Contributions Act.

On April 15, millions of Americans file their income taxes. Find out where your federal income taxes go. Note: This quiz looks only at federal income taxes, not payroll taxes.