Money Matters
- Intro
- Form W-4.
- Minimum Wage
- Overtime Pay
- Payroll Deductions
Take Home Amount
- Calculating A Paycheck
- Getting Paid - Outro
What you'll learn
- Aims to provide individuals with the knowledge and skills needed to make informed financial decisions and manage their money effectively
- Tax Basics - Correctly fill out Form W-4
- Understanding Your Paycheck
- Compute net pay using payroll deductions and tax tables.
Description
Paycheck literacy education is important for several reasons, primarily because it empowers individuals to make informed financial decisions and manage finances effectively.
Understanding the details of a paycheck empowers individuals to take control of their finances. Grants the ability to make informed decisions about how to allocate income, save for the future, and manage expenses.
Expanding knowledge about paycheck details, including tax withholding, ensures that individuals comply with tax laws and regulations. It helps accurately fill out tax forms and minimize the risk of underpaying or overpaying taxes.
Surveys and studies conducted by organizations like the National Financial Educators Council (NFEC) and the Financial Industry Regulatory Authority (FINRA) have shown that a significant portion of the population lacks basic financial knowledge. This lack of knowledge can extend to understanding paycheck in detail.
At the end of this lesson the student will be able to:
Correctly fill out Form W-4.
Recognize the types of benefits provided by employers.
Make distinctions between required and optional deductions.
Compute net pay using payroll deductions and tax tables.
Differentiate electronic payment methods, like direct deposit and paycards.
This course is designed specifically for you, providing a friendly and easy-to-follow exploration of paychecks. Money Matters National Education.
The University of Sheffield
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About the instructors
- 4.5 Calificación
- 336 Estudiantes
- 1 Cursos
Brittany Furr
Talent & Staffing-Payroll
Brittany Furr is an consultant with expertise in the Business Support industry. With a deep understanding of payroll regulations and a passion for educating others, Brittany is committed to helping individuals and organizations navigate payroll/time and labor management.
Credentials and Certifications:
FPC Certification (Fundamental Payroll Certification): Brittany is a certified payroll professional holding the FPC certification, which is awarded by PayrollOrg formerly American Payroll Association (APA). This certification demonstrates a strong foundation in payroll fundamentals, including knowledge of payroll calculations, tax regulations, benefits administration, and payroll software.
Teaching and Training Experience:
Brittany's style is interactive and engaging, focusing on real-world examples and practical applications to ensure learners gain a comprehensive understanding of the subject matter.
Professional Contributions and Recognition:
Brittany is an active member of PayrollOrg and stays up-to-date with the latest developments and trends in the payroll industry. She regularly attends conferences and seminars to expand her knowledge and network with other industry professionals.
Passionate about helping others succeed in payroll, Brittany is excited to share her expertise and empower learners to become proficient in payroll fundamentals, compliance, and effective payroll management strategies.
Student feedback
4.5
Course Rating
Reviews
Malimi
17-09-2023
Good