Slide 1: Understanding Your Paycheck
Understanding Your Paycheck Insert instructor's name here. Title Date Personal Finance for Individuals with Diverse Abilities Page 1 Our Program and training materials contain information, names, images, pictures, logos, icons, documents and other material (the “Content”) for the use and information
Slide 2: What We'll Learn Today
What We’ll Learn Today What comes out of a paycheck Where earned money goes How taxes come out of a paycheck How other money comes out of a paycheck Personal Finance for Individuals with Diverse Abilities Understanding Your Paycheck Page 2
Slide 3: Questions to Discuss in Pairs
Questions to Discuss in Pairs • Where do you work? • How much money do you make per hour? • How much total money did you earn? • What amount did you actually receive? • What other amounts do you see? Smartphone tip: You can use your phone’s calculator to work through the numbers on the paycheck if y
Slide 4: When You Get Your Paycheck
When You Get Your Paycheck Take -home Pay equals Total Amount Earned minus MONEY TAKEN OUT The left over money can be saved or spent. Personal Finance for Individuals with Diverse Abilities Understanding Your Paycheck Page 4
Slide 5: What Gets Taken Out?
What Gets Taken Out? Income taxes Money paid to the government Social Security To help older people today Medicare To help older people with medical expenses Benefits Provided through an employer Personal Finance for Individuals with Diverse Abilities Understanding Your Paycheck Page 5
Slide 6: Alexandria's Story
Alexandria’s Story Got a job at a day care. Personal Finance for Individuals with Diverse Abilities Understanding Your Paycheck Page 6
Slide 7: Alexandria's Story
Alexandria’s Story Wants to know more about money. Personal Finance for Individuals with Diverse Abilities Understanding Your Paycheck Page 7
Slide 8: Alexandria's Story
Alexandria’s Story Notices money taken from her paycheck. Personal Finance for Individuals with Diverse Abilities Understanding Your Paycheck Page 8
Slide 9: Alexandria's Story
Alexandria’s Story “Where did my paycheck go?” Personal Finance for Individuals with Diverse Abilities Understanding Your Paycheck Page 9
Slide 10: Alexandria's Story
Alexandria’s Story Let’s help her find out! Personal Finance for Individuals with Diverse Abilities Understanding Your Paycheck Page 10
Slide 11: Alexandria's Paycheck
Alexandria’s Paycheck Personal Finance for Individuals with Diverse Abilities Understanding Your Paycheck Page 11
Slide 12: Alexandria's Paycheck Stub
Alexandria’s Paycheck Stub Smartphone tip: If your paycheck is direct -deposited into the bank, you may be able to get this information on your phone. Personal Finance for Individuals with Diverse Abilities Understanding Your Paycheck Page 12
Slide 13: How can she put her money in the bank?
How can she put her money in the bank? Her employer may send it to the bank electronically. She can make a deposit at the ATM. She can visit a teller at the bank. Smartphone tip: At some banks you can deposit a check using your phone to take a picture of the check. Personal Finance for Individuals w
Slide 14: What should she NOT do?
What should she NOT do? She should not take it all in cash because it might get lost or stolen. Personal Finance for Individuals with Diverse Abilities Understanding Your Paycheck Page 14
Slide 15: If you don't understand
If you don’t understand If you don’t understand your paycheck, get help: • Your employer may have a counselor who can help. • You may have a caregiver. Personal Finance for Individuals with Diverse Abilities Understanding Your Paycheck Page 15
Slide 16: What We Learned Today
What We Learned Today What comes out of a paycheck Where earned money goes How taxes come out of a paycheck How other money comes out of a paycheck Personal Finance for Individuals with Diverse Abilities Understanding Your Paycheck Page 16
Slide 17: Questions?
Questions? Learn personal finance skills right on your smartphone, tablet or computer. Visit the TD Bank Learning Center at https://tdbank.everfi -next.net/ and register to get started. TD Bank Learning Center Personal Finance for Individuals with Diverse Abilities Understanding Your Paycheck Page 1