# CTE Resource Center - Verso - Economics and Personal Finance Task 13671595

CTE Resource Center - Verso

Virginia’s CTE Resource Center

Calculate net pay.

Definition

Calculation of net pay should take into account gross pay, as well as voluntary and required deductions (e.g., FICA, state and federal taxes, insurance, savings).

Other Related Standards

Economics and Personal Finance Standards of Learning

EPF.15

The student will demonstrate knowledge of income earning and reporting by
  1. examining how personal choices about education, training, skill development, and careers impact earnings;
  2. differentiating among sources of income;
  3. calculating net pay;
  4. investigating employee benefits and incentives; and
  5. completing a standard W-4 form.

FBLA Competitive Events and Activities Areas

Business Calculations

 

Business Math

 

Economics

 

Introduction to Business

 

Job Interview

 

Personal Finance