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Paycheck Deductions

Paycheck Deductions

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

Standard 1.0: Assess the role of money in personal finance.

Performance Indicator 1.1: Assess the role and functions of money in the economy.

Standards
Defined by Financial Literacy Model Framework 10th-12th Grades and align with Paycheck Deductions
1.1.3: Investigate sources of tax revenue and how monies are redistributed.

Performance Indicator 1.3: Analyze income, payroll, and employment forms.

Standards
Defined by Financial Literacy Model Framework 10th-12th Grades and align with Paycheck Deductions
1.3.2: Identify the components of a paycheck.
1.3.3: Evaluate how payroll deductions (federal and state income taxes, FICA, optional deductions) impact gross pay.
1.3.4: Calculate gross and net income for salary, hourly, and overtime pay.
1.3.5: Investigate the individual's responsibility in accurately reporting income.