Summer time is close to and for a lot of highschool college students meaning it is time to begin working at summer time jobs. For a lot of college students the primary actual paycheck that they obtain comes with a shock within the type of tax withholding. PBS Studying Media has a free lesson plan by way of which college students study causes for taxes being withheld from paychecks, the place the withholdings go, and why some folks have roughly withheld than others.
Along with serving to college students perceive taxes withheld from paychecks Taxes – The place Does Your Cash Go? introduces college students to ideas associated to saving for retirements. To that finish, the lesson plan features a video about how a self-employed individual handles budgeting for taxes and retirement.
Functions for Training
I’ve had taxes deducted from my paychecks for 30 years and generally I am nonetheless shocked by how a lot is withheld. So I’ve little question that many college students are shocked by the identical. This free lesson plan might aid you assist your college students be rather less shocked once they take a look at their paychecks from their part-time jobs.
