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Financial Literacy - Income and Deductions

Main Core Tie

General Financial Literacy
Strand 2

Additional Core Ties

General Financial Literacy
Strand 2 Standard 2.2:

General Financial Literacy
Strand 2 Standard 2.1:

Time Frame

2 class periods of 90 minutes each

Authors

Nicole Reitz-Larsen

Summary

Introduction of the payroll process, determining ones income, deductions taken out of paychecks (taxes, insurance, charitable contributions, retirement), fixed and variable expenses to expect and money management.


Materials

Teacher Outline List of Activities Rubric


Intended Learning Outcomes

Students will be able to understand the payroll process, determining ones income, deductions taken out of paychecks (taxes, insurance, charitable contributions, retirement), fixed and variable expenses to expect and money management


Instructional Procedures

Print out the following: Teacher Outline List of Activities Rubric


Bibliography

Neffe High School Planning Program www.practicalmoneyskills.com www.handsonbanking.org www.financialeducation.us www.bankhs.com


Created: 05/31/2005
Updated: 01/19/2018
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