

Understanding the Paycheck
Presentation
•
Other
•
9th - 10th Grade
•
Practice Problem
•
Easy
Shirley Devone
Used 114+ times
FREE Resource
12 Slides • 10 Questions
1
Understanding how your paycheck is influenced by your future career

2
One thing you must understand about your Paycheck, is that you are required by local, state and the federal governments to pay taxes.
Taxes are deducted from all employees paycheck
Used to provide public goods and services(roads, police, schools, governmental agencies, fire and emergency services)
3
To receive a paycheck, an employee must:
Complete a Form W-4(This determines the amount of money withheld for taxes)
Complete a Form I-9(prove the identity of people and avoid hiring non US citizens
4
Poll
Is getting a paper check, the only way that employers can pay their employees?
yes
no
maybe
5
Multiple Choice
Which of the following is not a way that employers pay employees
paper check
payroll card
gift certificate
direct deposit
6
Poll
How would you prefer to get paid?
direct deposit
payroll card
paper check
7
Poll
How many of you want a Job?
Yes
No
Not right now
Maybe
8
What is the difference between a Job and Career?
9
Job vs. Occupation
Job-a specific task done as a part of the routine of one's occupation
Ex. stocking shelves at a grocery story, taking a patient's blood pressure, or
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Occupation-A wide category of jobs with similar characteristics
Under the Teacher Umbrella ex. of jobs
leading a youth group, tutoring in an after school program, teaching a math lesson
11
Fill in the Blanks
What is the amount of money earned before payroll withholdings?
Type answer...
12
Fill in the Blanks
What is the amount left after all payroll deductions have been taken from the gross income?
Type answer...
13
What is a career?
a lifetime journey of building and making good use of your skills, knowledge, and experiences
Many different factors influence and help build a person's career
14
What is a career?
a lifetime journey of building and making good use of your skills, knowledge, and experiences
Many different factors influence and help build a person's career
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Open Ended
What is your desired career?
16
Open Ended
What are some factors that could influence a career?
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Poll
What factors may influence your career choice?
Family/friends
Leisure activities
Education
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Why would a person want to build their career?
Building a career=Self-investment(gaining education, skills, experiences)=Opportunity to earn more money
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2 Main Ways to Increase Income
Human Capital-Process of self-investing by working, going to school, volunteering etc.
Transferable skills-skills acquired through the process of self-investing(ability to follow orders, organization , ability to communicate clearly, interpersonal relationship skills, problem solving skills etc.
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Open Ended
Identify one form of self-investment that you have completed
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22
Understanding how your paycheck is influenced by your future career

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