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. Tax brackets for federal and Alabama taxes are included. PDF includes Alabama tax brackets. There is also an editable version to allow you to customize for your state.
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.
File includes the following:
PDF worksheet of activity
Editable PowerPoint file of worksheet
PowerPoint followup with answers and reflection questions