What’s Left in My Check
Consumer math students have been busy over the last couple weeks weeks calculating all the deductions that are taken out of a person’s paycheck. They started by using the current federal tax withholding tables to calculate how much federal income tax is deducted weekly. Students also learned a couple different ways that state taxes are calculated along with what percent of a person’s paycheck is taken out for social security and medicare. Students finally had to calculate all the deductions from a paycheck and see how much a person actually got paid. We are now taking a look at the federal income tax form and figuring out if a person will get a refund have to pay. Students are really appreciating knowing a few of these things before they graduate high school and a few are confident enough to do their own tax returns next year.