Description

This easy-prep personal finance lesson will provide students with the real-world math and financial literacy skills needed to understand the information on a W-2 Tax Form, including common paycheck deductions.

*Updated in 2025* This lesson uses up-to-date W-2s and current tax information.

This lesson teaches the purpose of W-2s and the information they provide. Students will fill out their notes as you walk them through the Google Slides presentation, then they’ll complete a 10-question worksheet using a sample W-2. An additional practice worksheet and answer key are included.

Students will learn about the following information given on a W-2:

• Employer and Employee information
• Employee wages and compensation
• Federal income tax withheld
• Social Security tax withheld
• Medicare tax withheld
• State/Local income tax withheld
• Other employee benefits

This lesson includes:

• Google Slides
• Guided Notes for students with practice problems
• Extra Practice Worksheet with two additional W-2s for students to interpret
• Answer Keys

Want to extend student’s knowledge of taxes beyond this lesson? This lesson is included as a part of this Filing Federal Income Taxes Unit!

**The Google Slides and PDFs in this resource are not editable. You’ll need a Google account to access the Google Slides.*

The information provided in this resource does not, and is not intended to, constitute tax or financial advice; instead, all information, content, and materials available are for general informational purposes only.  Information in this resource may not constitute the most up-to-date tax or other information.  This resource may contain information regarding third parties.  Such information is only for the convenience of the reader.  CKMath does not recommend or endorse any third party, and CKMath is not affiliated with, nor sponsored by, the United States Internal Revenue Services.