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Paycheck Deductions

Paycheck Deductions

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

II: Group II - Personal Finance

SPECIFIC EVALUATION CRIT.: SPECIFIC EVALUATION CRIT.

1: Careers

Standards
Defined by WV SPECIFIC EVALUATION CRITERIA 8th-12th Grades and align with Paycheck Deductions
1451.1.12: Discuss how state unemployment programs can help reduce economic hardship caused by job losses during a recession or pandemic.

2: Earning Income

Standards
Defined by WV SPECIFIC EVALUATION CRITERIA 8th-12th Grades and align with Paycheck Deductions
1451.2.4: Read a pay stub and describe the different deductions.
1451.2.5: Differentiate between gross, net, and taxable income.
1451.2.7: Explain how some income is reported on an IRS form W-2 and some are reported on an IRS Form 1099

6: Savings, Investing, and Risks

Standards
Defined by WV SPECIFIC EVALUATION CRITERIA 8th-12th Grades and align with Paycheck Deductions
1451.6.23: Research the funding structure for state-, federal-, and government-based insurance programs and whom they cover.

7: Taxes

Standards
Defined by WV SPECIFIC EVALUATION CRITERIA 8th-12th Grades and align with Paycheck Deductions
1451.7.1: Explain where income taxes are collected from and how they provide revenue for public expenses.
1451.7.2: Identify which level(s) of government typically receive(s) the tax revenue for income taxes, payroll taxes, property taxes, and sales taxes.
1451.7.3: Read a pay stub and describe the different tax deductions and identify what types of income are taxed.