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Paycheck Deductions

Paycheck Deductions

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

5131: ADVANCED PERSONAL FINANCE

G: CAREERS AND INCOME: Financial managers understand the relationship between education, income, and earning power.

Standards
Defined by Advanced Personal Finance Code: 5131 10th-12th Grades and align with Paycheck Deductions
3: Demonstrate an understanding of different sources of income (e.g. salaries, wages, commission, tips, and fringe benefit packages).
8: Compute gross earnings, payroll deductions (taxes, retirement, etc.), and net pay.
9: Evaluate how taxes, government transfer payments, and employee benefits relate to disposable income.

M: PERSONAL TAXES: Financial managers analyze personal taxes and their impact on income.

Standards
Defined by Advanced Personal Finance Code: 5131 10th-12th Grades and align with Paycheck Deductions
3: Differentiate mandatory and voluntary withholdings.
4: Summarize types and purposes of local, state, and federal tax assessments.

O: INVESTMENTS AND LONG-TERM PLANNING: Financial managers create diversified investment strategies consistent with personal financial goals.

Standards
Defined by Advanced Personal Finance Code: 5131 10th-12th Grades and align with Paycheck Deductions
12: Analyze the impact of Social Security benefits on retirement planning.