Title: 2.3 Taxes and Other Deductions
Course: Personal Finance - Sample Missouri Syllabus - for Canvas Upload > Section: Section 2.3: Taxes and Other Deductions

a. Compare gross and net income.

b. Explain the purpose of standard deductions such as income taxes, social security (FICA), Medicare, deductions for health care and retirement savings.

c. Explain how taxes provide public goods and services.