Taxes

The Federal income, Georgia state income, Medicare and Social Security withholdings from your paycheck are all employee paid taxes. These taxes are also known as statutory deductions - deductions required by law.

Activities

Complete the interactive IRS Understanding Taxes tutorial for a better understanding of these taxes.

Next, complete the Lawrence Red Owl simulation to learn how to complete the IRS Form W-4. When you are finished, complete a Form W-4 for your sample employee as a team.

Now, use this instruction sheet to complete the G-4 for Georgia income tax withholding.

Follow The Money Trail

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