Financial Literacy - Income and Deductions

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