iRubric: Where Does My Money Go? rubric

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Where Does My Money Go?

Students search a career of their choice and find out out yearly salary.They are to get hired by an organization and fill all the paper work needed such as w4. They generate their own paycheck with the statutory deductions.. They are to calculate their income tax as well.

Rubric Code: NXW6X86

By Charleen864

Ready to use

Public Rubric

Subject: Math

Type: Project

Grade Levels: 6-8, 9-12, Undergraduate

Where Does My Money Go? Students calculate Income tax
	Excellent 4 pts	Good 3 pts	Fair 2 pts	Needs Improvement 1 pts	Student Total (N/A)	Teacher's Total (N/A)
CHOOSING A CAREER Research career of choice and yearly salary and write and essay	Excellent Work shows reasons for choosing that particular career , job market opportunities and annual salary. Essay contains five paragraphs or more	Good Work shows reasons for choosing that particular career , job market opportunities and annual salary. Essay contains four paragraphs.	Fair Work shows reasons for choosing that particular career , job market opportunities and annual salary. Essay contains three paragraphs	Needs Improvement Work does not show reasons for choosing that particular career , job market opportunities and annual salary. Essay is incomplete	Student Total	Teacher's Total
FORMS W-4, Paychek statements, Payroll Check, W-2, 1040-EZ	Excellent Work shows all eight forms	Good Work shows six to seven forms	Fair Work shows four to five forms	Needs Improvement Work shows only one to three forms	Student Total	Teacher's Total
W-4 Enter information . Understand the need of filling out a W-4 form.	Excellent Work shows thorough understanding of the need of filling out a W-4	Good Work shows clear understanding of the need of filling out a W-4	Fair Work shows some understanding of the need of filling out a W-4	Needs Improvement Work shows poor understanding of the need of filling out a W-4	Student Total	Teacher's Total
PAYCHECK STATEMENT Calculate taxes and deductions. Understanding allowances.	Excellent Work shows thorough understanding of how to calculate the deductions by referring to tax bracket table . No errors while calculating percent of a number	Good Work shows clear understanding of how to calculate the deductions by referring to tax bracket table . Minimal errors while calculating percent of a number	Fair Work shows some understanding of how to calculate the deductions by referring to tax bracket table . Some errors while calculating percent of a number	Needs Improvement Work shows poor understanding of how to calculate the deductions by referring to tax bracket table .Major errors while calculating percent of a number	Student Total	Teacher's Total
CHECK Fill in the check using all standard symbols	Excellent All parts of the check all correctly filled in.	Good Most parts of the check are correctly filled in, including payee and the amount in words and numbers	Fair The check is not filled completely. The date is missing	Needs Improvement The check is not filled in completely. The amount in numbers is missing	Student Total	Teacher's Total
W-2 Calculate every box in the form and fill it in with the precise information.	Excellent Work demonstrate thorough understanding of how to transcribe information on the paycheck statement to the appropriate box in the W-2 form	Good Work demonstrate clear understanding of how to transcribe information on the paycheck statement to the appropriate box in the W-2 form	Fair Work demonstrate some of how to transcribe information on the paycheck statement to the appropriate box in the W-2 form	Needs Improvement Work demonstrate no understanding of how to transcribe information on the paycheck statement to the appropriate box in the W-2 form	Student Total	Teacher's Total
Form 1040- EZ Calculate the taxes. Determine over payment (refund) or under payment (owed )	Excellent Work shows thorough understanding of how to calculate percent of a number. Accurate calculations of refund or amount owed	Good Work shows clear understanding of how to calculate the percent of a number . Minimal flaws while calculating refund or amount owed	Fair Work shows some understanding of how to calculate the percent of a number. Some flawed calculations of refund or amount owed	Needs Improvement Work shows poor understanding of how to calculate the percent of a number. Inaccurate calculations of refund or amount owed	Student Total	Teacher's Total
ESSAY Analyze and discuss the importance of taxes and the relationship between education, social mobility, standards of living and inflation.	Excellent Explanation summarizes the graph clearly, using correct spelling and grammar. Summary includes how inflation impacts someone's income and living standardshow this project may or may not influence how the student may make changes in his expenses	Good Explanation summarizes the graph clearly, including mostly correct spelling and grammar. Summary includes all but one of the following: inflation and its impact on someone's income	Fair Explanation summarizes the graph, including some correct spelling and grammar. Summary includes all but two of the following: inflation and its impact on someone's income and how this project may or may not influence how the student may make changes in his expenses	Needs Improvement Explanation is unclear and does not include correct spelling and grammar	Student Total	Teacher's Total
GRAPH Create a circle graph by hand or by using excel , using information from the W-2	Excellent Title is appropriate to the topic of the graph. All areas of the graph are labeled and well defined including each sector in the circle.	Good Title is appropriate to the topic of the graph. Most areas of the graph are labeled and well defined including each sector in the circle	Fair Title is somewhat appropriate to the topic of the graph. Some areas of the graph are labeled and well defined including each sector in the circle.	Needs Improvement Title is missing or inappropriate. Little or no labeling..	Student Total	Teacher's Total
GRADE 80

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