Taxation Lesson Plan | Basics, Types, History | iCivics - Free Printable
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Show Answer Key & Explanations
Step-by-step solution for: Taxation Lesson Plan | Basics, Types, History | iCivics
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Show Answer Key & Explanations
Step-by-step solution for: Taxation Lesson Plan | Basics, Types, History | iCivics
Since I can’t view or analyze images (including the paystub you uploaded), I’ll provide a complete, step-by-step solution based on a typical paystub layout and the questions listed in your text. This is designed to match what’s likely shown in your image — a standard U.S. payroll stub for “Wanda Woman” from “ABC Company.”
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## ✔ Assumed Paystub Data (based on common formatting):
*(This is reconstructed from typical examples — adjust if your actual numbers differ)*
| Earnings | Current | YTD |
|------------------------|-------------|-------------|
| Regular Pay | $1,200.00 | $6,000.00 |
| Overtime Pay | $150.00 | $750.00 |
| Gross Pay | $1,350.00 | $6,750.00 |
| Deductions | Current | YTD |
|------------------------|-------------|-------------|
| Federal Income Tax | $180.00 | $900.00 |
| Social Security Tax | $83.70 | $418.50 |
| Medicare Tax | $19.58 | $97.88 |
| State Income Tax | $50.00 | $250.00 |
| Health Insurance | $100.00 | $500.00 |
| 401(k) Retirement | $135.00 | $675.00 |
| Total Deductions | $568.28 | $2,841.38 |
| Net Pay | $781.72 | $3,908.62 |
---
## 📝 Answer Key with Explanations
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> *Assumption: She worked 40 regular hours + 5 overtime hours this pay period.*
- Regular Pay = $1,200.00 → $1,200 ÷ 40 hrs = $30.00/hour
- Overtime Pay = $150.00 → $150 ÷ 5 hrs = $30/hr × 1.5 = $45.00/hour (overtime rate)
✔ Answer: $30.00 per hour (regular rate)
---
> Total Earnings = Gross Pay = Regular Pay + Overtime Pay
= $1,200.00 + $150.00 = $1,350.00
✔ Answer: $1,350.00
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From deductions:
1. Federal Income Tax
2. Social Security Tax (FICA)
3. Medicare Tax (FICA)
4. State Income Tax
✔ Answer: Federal Income Tax, Social Security Tax, Medicare Tax, State Income Tax
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Current amounts:
- Federal: $180.00
- SS: $83.70
- Medicare: $19.58 ← LEAST
- State: $50.00
→ Least: Medicare Tax ($19.58)
→ Most: Federal Income Tax ($180.00)
✔ Answer: Least = Medicare Tax; Most = Federal Income Tax
---
Taxes = Fed + SS + Medicare + State
= $180.00 + $83.70 + $19.58 + $50.00 = $333.28
✔ Answer: $333.28
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Look at YTD column for Federal Income Tax: $900.00
✔ Answer: $900.00
---
Gross Pay = $1,350.00 (from top of paystub)
✔ Answer: $1,350.00
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> Yes — unless there are pre-tax deductions (like 401k or health insurance), gross pay is taxable.
But note: Pre-tax deductions reduce taxable income, but gross pay is still the starting point for taxation.
Technically, not all of gross pay is taxed — because some deductions (like 401k or health insurance) are pre-tax and reduce taxable income.
However, the question may be asking if all gross pay is subject to taxation before deductions — which it is.
✔ Answer: Yes *(assuming standard interpretation — gross pay is taxable before deductions)*
---
> ...deductions (taxes, insurance, retirement, etc.)
✔ Answer: deductions
---
That’s her Net Pay = $781.72
✔ Answer: Net Pay
---
Common pre-tax deductions:
- Health Insurance ($100.00)
- 401(k) Retirement ($135.00)
✔ Answer: Health Insurance and 401(k) Retirement
---
> If the $100 is split between health insurance and 401k — and both are pre-tax deductions — then NO, she did not pay taxes on that $100.
✔ Answer: No
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> Current YTD State Tax = $250.00
If no state tax, she’d keep that $250.00 extra.
✔ Answer: $250.00
---
## 🧾 Final Summary:
| Question | Answer |
|----------|--------|
| 1 | $30.00/hour |
| 2 | $1,350.00 |
| 3 | Federal, Social Security, Medicare, State |
| 4 | Least: Medicare; Most: Federal |
| 5 | $333.28 |
| 6 | $900.00 |
| 7 | $1,350.00 |
| 8 | Yes |
| 9 | deductions |
| 10 | Net Pay |
| 11 | Health Insurance & 401(k) |
| 12 | No |
| 13 | $250.00 |
---
⚠️ Note: If your actual paystub has different numbers (e.g., different gross pay, deductions, or hours worked), please share the text version here, and I’ll recalculate precisely!
Let me know if you want this turned into a printable worksheet or need help reading your actual image!
---
## ✔ Assumed Paystub Data (based on common formatting):
*(This is reconstructed from typical examples — adjust if your actual numbers differ)*
| Earnings | Current | YTD |
|------------------------|-------------|-------------|
| Regular Pay | $1,200.00 | $6,000.00 |
| Overtime Pay | $150.00 | $750.00 |
| Gross Pay | $1,350.00 | $6,750.00 |
| Deductions | Current | YTD |
|------------------------|-------------|-------------|
| Federal Income Tax | $180.00 | $900.00 |
| Social Security Tax | $83.70 | $418.50 |
| Medicare Tax | $19.58 | $97.88 |
| State Income Tax | $50.00 | $250.00 |
| Health Insurance | $100.00 | $500.00 |
| 401(k) Retirement | $135.00 | $675.00 |
| Total Deductions | $568.28 | $2,841.38 |
| Net Pay | $781.72 | $3,908.62 |
---
## 📝 Answer Key with Explanations
---
1) How much does Wanda earn per hour?
> *Assumption: She worked 40 regular hours + 5 overtime hours this pay period.*
- Regular Pay = $1,200.00 → $1,200 ÷ 40 hrs = $30.00/hour
- Overtime Pay = $150.00 → $150 ÷ 5 hrs = $30/hr × 1.5 = $45.00/hour (overtime rate)
✔ Answer: $30.00 per hour (regular rate)
---
2) What is Wanda’s total earnings for the current pay period?
> Total Earnings = Gross Pay = Regular Pay + Overtime Pay
= $1,200.00 + $150.00 = $1,350.00
✔ Answer: $1,350.00
---
3) List the 4 kinds of taxes that are taken out of Wanda’s check:
From deductions:
1. Federal Income Tax
2. Social Security Tax (FICA)
3. Medicare Tax (FICA)
4. State Income Tax
✔ Answer: Federal Income Tax, Social Security Tax, Medicare Tax, State Income Tax
---
4) Which tax has the least amount taken out? The most?
Current amounts:
- Federal: $180.00
- SS: $83.70
- Medicare: $19.58 ← LEAST
- State: $50.00
→ Least: Medicare Tax ($19.58)
→ Most: Federal Income Tax ($180.00)
✔ Answer: Least = Medicare Tax; Most = Federal Income Tax
---
5) How much did Wanda pay in taxes this pay period?
Taxes = Fed + SS + Medicare + State
= $180.00 + $83.70 + $19.58 + $50.00 = $333.28
✔ Answer: $333.28
---
6) How much did federal tax (income tax) paid so far this year?
Look at YTD column for Federal Income Tax: $900.00
✔ Answer: $900.00
---
7) What was Wanda’s gross pay during the current pay period?
Gross Pay = $1,350.00 (from top of paystub)
✔ Answer: $1,350.00
---
8) Was Wanda’s entire pay taxable?
> Yes — unless there are pre-tax deductions (like 401k or health insurance), gross pay is taxable.
But note: Pre-tax deductions reduce taxable income, but gross pay is still the starting point for taxation.
Technically, not all of gross pay is taxed — because some deductions (like 401k or health insurance) are pre-tax and reduce taxable income.
However, the question may be asking if all gross pay is subject to taxation before deductions — which it is.
✔ Answer: Yes *(assuming standard interpretation — gross pay is taxable before deductions)*
---
9) The difference between gross pay and net pay is that gross pay is the amount a person earns before...
> ...deductions (taxes, insurance, retirement, etc.)
✔ Answer: deductions
---
10) Wanda receives a check for which amount?
That’s her Net Pay = $781.72
✔ Answer: Net Pay
---
11) What are the two pre-tax deductions that are taken out of Wanda’s pay?
Common pre-tax deductions:
- Health Insurance ($100.00)
- 401(k) Retirement ($135.00)
✔ Answer: Health Insurance and 401(k) Retirement
---
12) Wanda paid $100 toward health insurance and retirement. Did she pay taxes on the $100?
> If the $100 is split between health insurance and 401k — and both are pre-tax deductions — then NO, she did not pay taxes on that $100.
✔ Answer: No
---
13) If Wanda’s state did not have an income tax, how much more money would she take home so far this year?
> Current YTD State Tax = $250.00
If no state tax, she’d keep that $250.00 extra.
✔ Answer: $250.00
---
## 🧾 Final Summary:
| Question | Answer |
|----------|--------|
| 1 | $30.00/hour |
| 2 | $1,350.00 |
| 3 | Federal, Social Security, Medicare, State |
| 4 | Least: Medicare; Most: Federal |
| 5 | $333.28 |
| 6 | $900.00 |
| 7 | $1,350.00 |
| 8 | Yes |
| 9 | deductions |
| 10 | Net Pay |
| 11 | Health Insurance & 401(k) |
| 12 | No |
| 13 | $250.00 |
---
⚠️ Note: If your actual paystub has different numbers (e.g., different gross pay, deductions, or hours worked), please share the text version here, and I’ll recalculate precisely!
Let me know if you want this turned into a printable worksheet or need help reading your actual image!
Parent Tip: Review the logic above to help your child master the concept of tax worksheet for students.
