Don't let your young adults get lost in the alphabet soup of their paychecks and federal income taxes. Using sample pay stubs and reproductions of government forms, your class members will identify the purpose of such forms as a W-4 and a W-2, as well as a FICA tax and the difference between gross and net pay. 

Concepts

wages, income, income tax, net income, gross pay, personal finance, financial literacy

Show More Show Less

Additional Tags

math

Show More Show Less

Instructional Ideas

• Bring in real copies of the types of forms referenced in this lesson for pupils to see and become familiar with
• Have students collect the work they are completing in a packet/portfolio that they can reference in the future as they encounter these situations

Classroom Considerations

• This is the second of nine lessons designed for high school personal finance classes to help students build solid financial knowledge and practices

Pros

• All worksheets and answer keys included
• Excellent references and teaching points for the instructor

Cons

• None

Common Core

RL.11-12.2 RL.11-12.3 RH.6-8.4 RH.9-10.4 RST.6-8.2 RST.6-8.3 RST.9-10.3