8 resources

Jobs, paychecks and taxes for high school students

Your first paycheck is smaller than the number you were promised, and the gap is taxes. These lessons explain withholding, forms and filing, with simulations that let you practice on fictional taxpayers.

Three first steps

  1. Look at a sample pay stub and find gross pay, deductions and net pay.
  2. Learn what a W-4 and a W-2 do.
  3. Work through one tax simulation from start to finish.

The resources

Links go to the original publisher. Check access and cost on each site. Listings are not endorsements.

Questions

Quick answers.

Why is my paycheck smaller than expected?

Gross pay is what you earn. Net pay is what is left after taxes and other deductions.

Do teens file taxes?

It depends on income and situation. The tax lessons here explain the basics, and a tax professional can answer your case.

When a free resource is not enough

Help from a tutor who explains it clearly.

I tutor personal finance and AP Business with Personal Finance one-on-one on Zoom, for students and with parents in the loop. Bring the assignment or the practice test you missed, and we work from that.

Book a session →