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.

Mississippi Personal Finance Standards (2022)

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.