Suggested Money Lesson Plan
for this Worksheet
Give an introductory lesson about earning
money to
your students.
Explain that income is money earned by a
worker. When you work, you often will receive an earnings
statement with your paycheck. However, you will not be able to "take
home" all of the money that you earn, since taxes, social
security, and other items will be deducted.
Review vocabulary: Gross pay, net pay,
earnings, deductions, regular time, over time, federal tax, state
tax, social security, health insurance, 401K savings.
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