How much will I take home? - Outline

Slides are tagged by opening line.

1. "Whether it's your first part time job" introduces the surprise of discovering that you don't get to keep all of the money you make.
2. "Why would a paycheck be a surprise?" introduces the example and sample paycheck that is the basis for the module.
3. "Where has the rest of the money gone?" introduces students to the deductions on a typical paycheck.
4. "What do these abbreviations mean?" discusses the federal and state income tax deductions and the social security/medicare deduction.
5. "How about TCH 11%?" describes mandatory contributions to a pension plan.
6. "Next comes: HARVARD IND" explains group health and life insurance deductions.
7. "There is one more" explains a union dues deduction taken only in some months.
8. "What is Thomas's annual salary?" asks students to figure out the annual gross pay from the paystub.
9. "How would you classify" discusses types of deductions and introduces the idea of voluntary deductions to a retirement fund.
10. "Tax laws make certain" has students figure out the taxable gross income, and actual rate at which the income is taxed. Students then compare this with published tax rates.
11. "Take home pay as a percent" asks students to think of these same quantities as percentages of gross pay.
12. "On an annual basis" asks students to think of these quantities visually in a pie chart.
13. "How much can Thomas expect" has students figure out the minimum take home pay that can be expected in a month.
14. "What is a lot of money?" concludes with a discussion of budgeting.

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