Financial Literacy: Money Talks – Taxes and Benefits (Employee vs. Contractor)

Ever wondered why people always talk about taxes and what the difference is between being an employee and a contractor? Buckle up for our engaging presentation where we’ll unravel these mysteries in a fun and easy-to-understand way.

1. The Tax Puzzle: Why Do We Pay Them?
We’ll kick off our adventure by decoding why taxes are a thing. Learn about how taxes are like a community piggy bank that pays for schools, roads, and parks. We’ll explore the basics of how taxes work and why they’re important.

2. Employee vs. Contractor: What’s the Difference?
Next up, let’s dive into the world of employees and contractors. Think of employees as team members of a company, while contractors are like special guests hired for specific tasks. We’ll explore how their jobs and responsibilities differ.

3. Paychecks and Taxes: The Employee’s Story
For employees, taxes are often taken out of their paychecks like a slice of a pizza. We’ll discuss how this works, what a W-2 form is, and the benefits employees usually get, like health insurance and vacation days.

4. Invoices and Taxes: The Contractor’s Journey
Contractors handle their taxes differently. They often have to save and send tax money themselves, like filling their own piggy bank. We’ll talk about 1099 forms, how contractors pay their taxes, and why they need to be more like financial ninjas.

5. Benefits and Challenges: Both Sides of the Coin
We’ll compare the perks and challenges of being an employee versus a contractor. From job security and company benefits to flexibility and independence, understand the trade-offs each role offers.

6. Interactive Activity: You Decide!
Get ready for some interactive fun! You’ll step into the shoes of both an employee and a contractor, making decisions about taxes and benefits. See firsthand how different choices affect your take-home money and lifestyle.

Join us for this enlightening session where you’ll gain a new perspective on taxes and learn about the different paths people take in the working world. Whether you dream of being an employee, a contractor, or an entrepreneur, understanding these concepts is a big step toward financial literacy.

The event is only possible because of the generous support of the Ohio Developmental Disabilities Council.

Please register below or by email: Alyssa@WeThriveTogether.org