Taxes Took How Much?

Taxes Took How Much?
Taxes Took How Much?
Taxes Took How Much?
Taxes Took How Much?
Taxes Took How Much?
Taxes Took How Much?
Taxes Took How Much?
Taxes Took How Much?
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534 KB|6 pages
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This activity presents students with two earners, Mr. Anybody and Mr. Anywhere. Students are given a copy of both men's check stub. Students must find each man's gross monthly and annual salary, federal taxes withheld, state taxes withheld, Medicare and FICA taxes and a 1% occupational tax. Students will then be asked to compute each man's net pay. Tax brackets for federal and Alabama taxes are included. I can only upload the PDF version, if you would like to modify for your state please email and I will send a PPT version that is editable.

Follow up questions are included that examine why Mr. Anywhere's tax bracket is lower and how to reduce taxable income. I taught this in a senior econ class; however, it works well for personal finance and a variety of other subjects
Total Pages
6 pages
Answer Key
Included
Teaching Duration
N/A
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