Nothing But Net: Understanding Your Take Home Pay

This Nothing But Net: Understanding Your Take Home Pay lesson plan also includes:

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 taxes, as well as how to claim tax deductions while maximizing savings.

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CCSS: Adaptable
Instructional Ideas

  • Consider asking a representative from a local financial institution to come to your class and discuss this topic. Contributing to a 401K, FSA, or direct-deposit savings can be an overwhelming subject to cover
Classroom Considerations

  • This is the thirteenth lesson in a series of 22 for helping young adults build strong money-management skills
Pros

  • Valuable life skills lesson
  • Great teacher tips included on right-hand sidebar
  • All worksheets and answer keys included
Cons

  • None
Common Core