Paycheck Deductions

Paycheck Deductions

Article • 15 min of learning

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

Standards
Defined by Jump$tart National Standards in 2022 8th Grade and align with Paycheck Deductions
8-5a: Differentiate between gross and net income.
8-6a: Identify the different groups of people who qualify for Social Security benefits.
8-7a: Illustrate the relationship between income level and income tax paid.
8-8a: Explain the financial situation addressed by Medicaid and SNAP (Supplemental Nutrition Assistance Program).
8-5b: Identify common types of payroll deductions.
8-6b: Research the Social Security tax rate for someone who is self-employed vs. someone who is working for an employer.
8-7b: Describe how taxes are paid on tip income.
8-5c: Explain how taxes impact take-home pay.
8-6c: Given information on a worker's income and today's Social Security tax rates, calculate what the worker and the worker's employer will pay in Social Security taxes.
8-7c: Research the consequences of failing to pay income taxes.
8-6d: Investigate Social Security benefits for people of different income levels at their full retirement age.