CEV Multimedia - Financial Literacy: Taxes & Paychecks DVD Lesson Preview

Learning the basics of the federal tax system is a necessity when doing such things as shopping or calculating how much you will earn during your next pay period. In this DVD, the student will learn the basics of taxes as well as how take-home-pay is calculated and be able to identify the difference between sales and income tax. The DVD acts as a sit-down interview with banking industry professionals, giving the student the opportunity to understand how and why some taxes are taken out of a paycheck or collected by certain levels of government. Students will understand all items withheld from gross pay and the effect the W-4 has on an employee's take-home-pay. Government programs, such as Social Security and Medicare are also discussed.

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Education

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