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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.

5141: PERSONAL FINANCE

F: UNDERSTANDING TAXES: Students will examine the impact of taxes on personal finances.

Standards
Defined by Personal Finance Code: 5141 9th-12th Grades and align with Paycheck Deductions
1: Define basic tax terminology (e.g., taxable income, tax credits, exemptions, deductions, itemized deductions, inheritance/estate, withholdings).
2: Explain the purposes and types of taxes at various levels of government in the United States.
5: Evaluate how taxes, government transfer payments, and employee benefits relate to disposable income.
6: Compute gross earnings, payroll deductions, and net pay.

G: BUILDING FINANCIAL SECURITY: Students will develop skills to build financial security.

Standards
Defined by Personal Finance Code: 5141 9th-12th Grades and align with Paycheck Deductions
4: Analyze the impact of Social Security benefits on retirement planning.