Students will learn how taxes are deducted from their paychecks based on the number of children they have and their income. For many of the students, this will be the first encounter with the realities of paycheck deductions such as FICA and Medicare. |
We hope they'll learn to prioritize their financial decisions instead of spending all their monthly salary on a Hummer, which one student did last year. It really helps teach them responsibility and we hope they'll also learn what their parents have to go through every day. |
We'll have 13 life stations set up, which will include a bank, daycare, insurance company, grocery store, clothing store, real estate, car sales, household goods and a credit card company. Each station will have professional people in each one to show the student's how things are really done in real life. |