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Paycheck Deductions

Paycheck Deductions

Article • 15 min of learning
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Here's how Paycheck Deductions aligns with curriculum standards in Washington DC. Use the filters to change the location, set of standards, and grade level.

Earning Income

Knowledge Standards

EI.K.4: Analyze the differences between sources of retirement income, including Social Security, employer-sponsored retirement plans, personal investments and continued employment earnings.

Standards
Defined by Financial Literacy Standards 9th-12th Grades and align with Paycheck Deductions
Students will examine Social Security benefits.
Students will examine different potential sources of retirement income, including but not limited to Social Security, employer-sponsored accounts, 401(k) accounts, 403(b) accounts, 457(b) accounts, traditional and Roth IRA accounts, etc.

Skills Standards

EI.S.4: Identify the different forms and functions of taxation, and determine estimated payroll taxes, income taxes, property taxes and sales taxes.

Standards
Defined by Financial Literacy Standards 9th-12th Grades and align with Paycheck Deductions
Students will calculate payroll tax, income tax, property tax and sales tax using a set of financial data.
Students will describe the different methods that the government taxes an individual.
Students will identify the benefits they receive, or may receive in the future, from government-collected tax revenue.