Paycheck Deductions

Paycheck Deductions

Article • 15 min of learning

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

Personal Finance Course Level Expectations

II: Earning Income: For most people, income is determined by the market value of their labor paid as wages and salaries. People can increase their income and job opportunities through education, skill building and work experience.

Concept 2: Forms of Compensation

Standards
Defined by Personal Finance Course Level Expectations 9th-12th Grades and align with Paycheck Deductions
A: Examine how workers are paid through wages, salaries and commissions.

Concept 3: Taxes and Other Deductions

Standards
Defined by Personal Finance Course Level Expectations 9th-12th Grades and align with Paycheck Deductions
A: Compare gross and net income.
B: Explain the purpose of standard deductions such as income taxes, Social Security (FICA), Medicare, and deductions for health care and retirement savings plans.
C: Explain how taxes provide public goods and services.