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Paycheck Deductions

Paycheck Deductions

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

General Financial Literacy

STRAND 3: Students will understand sources of income and the relationship between career preparation and lifetime earning power.

Standard 1: Identify sources of income and specific employability skills.

Standards
Defined by General Financial Literacy 11th-12th Grades and align with Paycheck Deductions
Identify sources of income, such as salary, wages, commissions, and tips.
Understand the effects of FICA (Social Security and Medicare), state, local, and federal taxes and voluntary deductions on wages and income, and the similarities and differences between wages and income.
Contrast the differences between gross income, net income, and taxable income.