Paycheck Deductions

Paycheck Deductions

Article • 15 min of learning

Here's how Paycheck Deductions aligns with curriculum standards in Mississippi. Use the filters to change the location, set of standards, and grade level.

2: Earning and Reporting Income

2.1: Differentiate between and give examples of earned and unearned income. DOK1

Standards
Defined by Personal Finance 9th-12th Grades and align with Paycheck Deductions
a: Identify types of earned income (e.g., wages, salary, tips, commission).

2.3: Differentiate between gross and net income. DOK2

Standards
Defined by Personal Finance 9th-12th Grades and align with Paycheck Deductions
a: Calculate gross income, including hourly wage, overtime, holiday pay, commission, and so forth.
b: Explain the various types of taxes and their impact on income and purchasing power.
c: Discuss and give examples of deductions (e.g., taxes, insurance).
d: Calculate net income.

6: Saving and Investing

6.3: Research and describe other considerations and items related to savings and investing. DOK2

Standards
Defined by Personal Finance 9th-12th Grades and align with Paycheck Deductions
b: Examine the fundamental workings of the Social Security System and the system's effects on retirement.