FINANCIAL LITERACY - The Money Trail - Part 11 – Understand Your Paycheck – “My Paycheck Just Can’t Be Right!” PPT – presents the reality to students that gross pay is not the amount received in their paycheck. They will learn that net pay is the amount they will take home in their check, and that mandatory taxes and optional benefit costs are deducted from gross pay in order to arrive at net pay.
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This Instructional PowerPoint presentation has been created as an additional teaching tool for Part #11 – Understand Your Paycheck – “My Paycheck Just Can’t Be Right!” The author has added additional and current information to the PPT that enhances the 2nd Edition and has updated Part #11 download. For example: What benefits do employees value the most? Other than cash, what other benefits are considered as other forms of compensation?
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This activity fits nicely with the FINANCIAL LITERACY - "The Money Trail" series. It is a hands-on computerized (EXCEL spreadsheet) unit that reinforces what students learn when they finish or during the "The Money Trail" Parts. Access to computers is essential when teaching this unit. An option could be to use this activity as a final project. "
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