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First-Time Workers: Understanding Taxes

It may seem like a bit of an annoyance, all these deductions from that first paycheck. But with a little bit of counseling, parents can help children understand that the deduction called “FICA” is actually the beginning of a long-range benefits plan for the future. And overall, it can be a lesson in how governmental financing actually works. An article by Kiplinger contributing editor Kimberly Lankford provides some thoughts on approaching this topic. Read her post here…

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