Unit 1: Paychecks & Taxes
Duration of Days: 34
The difference between Gross and Net pay, common payroll deductions (Federal, State, FICA), and the purpose of tax forms (W-2, W-4).
Calculate take-home pay from an hourly wage, complete a mock W-4 form, and read a standard pay stub.
The First Paycheck Project: Students are given a mock job with an hourly rate and must calculate their estimated net pay after all Connecticut and Federal deductions.
| Lesson # | Lesson Title | Duration of Days |
|---|---|---|
| 1 | Gross vs. Net Pay | 7 |
| 2 | Understanding the W-4 and W-2 | 6.5 |
| 3 | The Clock-In: Calculating Elapsed Time | 7 |
| 4 | Connecticut-Specific Deductions & Cost of Living | 6.5 |
| 5 | Hourly vs. Salary | 7 |