Texas Education Agency (TEA)
Importance of Being Accurate
Accuracy is key! Using the detailed resource, scholars practice their presicion skills, taking online spelling and typing tests. Next, they demonstrate accuracy by calculating the gross and net pay of five hypothetical employees.
Federal Reserve Bank
“W” Is for Wages, W-4 and W-2
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...
Visa
Nothing But Net: Understanding Your Take Home Pay
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 security...
Internal Revenue Service
Module 1: Payroll Taxes and Federal Income Tax Withholding
Students 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 withhold...
Curated OER
Graphing It Out
Students create bar graphs. In this graphing lesson plan, students explore the concepts of net pay, gross pay, income and expenses. They create a bar graph to designate financial outlay during a specified period.
Visa
A Plan for the Future: Making a Budget
From fixed and variable expenses to gross income and net pay, break down the key terms of budgeting with your young adults and help them develop their own plans for spending and saving.
Curated OER
Basic Budgeting
Learners create a personal budget. In this creating a personal budget lesson, students create a list of 3 necessary things they need to survive. Learners rank these things in order of importance and determine their cost. Students...
Curated OER
Dream Home Mathematics
Explore the concept of budgeting with sixth graders. They will pick a career on note card made by the teacher. They then use the information on the card such as salary, expenses, and career to create a life for themselves. They also...
Curated OER
Tax Forms and Deductions
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...
Curated OER
Money and Percentage
Fifth graders examine use of percentages in real world situations. They complete worksheet about using percentages after reviewing the concept. They look through newspapers to find examples of percentages used over the course of three...
Curated OER
Income Statement
Students demonstrate the proper way to prepare an income statement. They calculate a company's Gross Profit, Operating Expenses, Income from Operation before tax and Net Income, then determine the company's net income or net loss during...
Council for Economic Education
Preparing a 1040EZ Income Tax Form
Some of us never feel like we know how to do our taxes! Help scholars understand the process early by using an informative resource. They fill out their own tax forms in a simulation activity and view multiple resources to learn even...
Radford University
Percentages: Lesson 1
Math can be taxing at times. With a short lesson plan, pupils determine how income tax affects take-home pay. Learners determine their net pay based on tax tables and how adjustments in their gross pay changes the paycheck.
Curated OER
Money Math: Lessons for Life
Students explore money as it applies to salary, paychecks, and taxes. In this essential mathematics lesson, students explore how math is used in various careers, how income takes are calculated and other important life lessons in math.
Curated OER
Taxes: Where Does Your Money Go?
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...
Curated OER
Taxes: Where Does Your Money Go?
High schoolers explore the concept of taxes. In this tax lesson plan, students investigate types of taxes and deductions taken out of a paycheck before they see it. High schoolers calculate the tax on a given dollar amount. Students...
Curated OER
Preparing a 1040EZ Income Tax Form
What do you do at the end of the year when your W2 arrives? File a tax form! Show learners how they to can fill out a basic 1040EZ tax form and play their part as tax paying citizens. Monetary denominations are provided for filling out...
Federal Reserve Bank
It's Your Paycheck
Beyond reading and arithmetic, one of the most important skills for graduating seniors to have is fiscal literacy and responsibility. Start them on the right financial track with nine lessons that focus on a variety of important personal...
Practical Money Skills
Making Money
The first step in managing your money is making money! Learn about ways to find and interview for a job with a thorough lesson on personal finances. Kids learn about the ways to earn a paycheck and then manage the funds they receive.
Curated OER
Earned Income Credit
Students distinguish between tax deduction and tax credit, explain how the earned income credit affects the tax liability, apply requirements to claim the earned income credit, and describe factors that determine the amount of the earned...
Curated OER
Money Math: Lessons for Life
Students develop a budget for a college student using all of the influences that the student would have. In this budgeting lesson plan, students use real life examples to create a budget spreadsheet. Students read and study sample...
Curated OER
Understanding Your Pay and Paycheck
Learners discuss as a class, the time delay between the end of a pay period and a person's paycheck. They discuss the difference between gross pay and net pay, and identify the different figures on the sample checks or the check stubs...
PBS
Where Does Your Paycheck Go?
Upper elementary learners explore the concept of taxes taken out of an employee's paycheck. As they work through this activity, young mathematicians discover the difference between gross pay and net pay. They also see what types of taxes...
Curated OER
Building the Aggregate Expenditures Model
A good accompaniment to an economics lesson, this presentation explores the aggregate expenditures model, detailing the relationship between consumption and saving using graphs and charts. Additional information includes investments and...