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“W” Is for Wages, W-4 and W-2 Lesson Plan“W” Is for Wages, W-4 and W-2 Lesson Plan
Publisher
Federal Reserve Bank
Resource Details
Curator Rating
Educator Rating
Not yet Rated
Grade
9th - 12th
Subjects
Math
3 more...
Resource Type
Lesson Plans
Audience
For Teacher Use
Duration
1 hr 30 mins
Instructional Strategies
Collaborative Learning
5 more...
Technology
Presentation
Year
2014
Lesson Plan

“W” Is for Wages, W-4 and W-2

Curated and Reviewed by Lesson Planet
This “W” Is for Wages, W-4 and W-2 lesson plan also includes:
  • Whiteboard (SMART/.notebook)
  • Whiteboard (PowerPoint/.pptx)
  • Whiteboard (ActivInspire/.flipchart)
  • It’s Your Paycheck! Full Curriculum
  • Glossary of Terms
  • Activity
  • Answer Key
  • Worksheet
  • Join to access all included materials

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. 

367 Views 259 Downloads
CCSS: Designed

Concepts

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

Additional Tags

math

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

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