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Financial Literacy: Salary Calculations Step-by-Step Guide

Learn how to calculate your salary with ease using formulas for taxes, net income, and monthly budgeting. Includes tips for securing checks and organizing finances effectively.

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Financial Literacy: Salary Calculations Step-by-Step Guide

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  1. NORTON SHARED FOLDER NEED: Calculator and Pen OPEN: Checks

  2. CHANGE PICTURES SAVE: Checks into YOUR Fin. Lit. Folder Each Check A Different Picture Of Appropriate ThingsYou Like

  3. PRINT Checks Use HOLE PUNCHER(middle counter or my desk) Punch Holes In Your Checks And Secure In Your Notebook Prongs

  4. SALARY CALCULATIONS Calculating: • Taxes (33%)………. Salary x .33 • Annual Net Income Gross Income-Taxes • Monthly Net Income Annual Net Income/12 • Pay Twice A Month Monthly/2 • Weekly Paycheck Monthly/4

  5. SALARY CALCULATIONS Calculating: • Rent Monthly x .47 • Utilities Monthly x .19 • Transportation Monthly x .15 • Food Monthly x .10 • Total Used ADD everything • Amount Remaining Subtract From Monthly

  6. NEW SEATS • Your SALARY (No. to the LEFT of your salary) will be your new seat!

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