Lesson
Working in the Gig Economy
Summary
Working in the gig economy has perks and hidden costs. Learn key differences between W-2 employment and 1099 non-employee status, including the self-employment tax stack.
Bellringer: $100 Gig or Employee?
- Calculate the take-home pay of $100 earned as a gig worker or an employee
Instruction
- Explore the differences between a W-2 employee and an 1099 independent contractor
- Walk through non-employee tax obligations, including self-employment tax
- Discuss possible tax deductions for gig economy jobs
Discussion: The Hustle vs. The Office
- Debate the monetary merits of traditional employment vs. self-employment
Activity: How Much Can My Business Make? Game
- Take the pretest
- Begin the How Much Can My Business Make? simulation
Wrap-Up & Assessment
- What percentage of your 1099 income should you set aside for taxes?
- Define the “tax stack” in your own words.
| Est. Time | Activity | Description |
|---|---|---|
| 5 min | Bellringer: $100 Gig or Employee? |
|
| 10 min | Instruction |
|
| 5 min | Discussion: The Hustle vs. The Office |
|
| 20 min | Activity: How Much Can My Business Make? Game |
|
| 5 min | Wrap-Up & Assessment |
|
Lesson Prep
How Much Can My Business Make? Pretest
Find out what students know before they play the game.
How Much Can My Business Make? Game
Students find out what it will take to earn a profit with a small business.
Class Presentation
Includes an 18-slide deck with teacher notes. Present from Banzai, download a PDF, or copy it to Google Slides.
Presentations, Ready to Go
- Built-in PresentationPresent full screen, straight from Banzai
- Copy to Google SlidesMake an editable copy for your class
- Download or PrintSave as a PDF or print
- Teacher NotesSlide-by-slide guidance, printable as one handout
Income & Retirement
Benefits & Total Compensation
Total compensation isn't just wages or salary earned. Explore monetary and non-monetary employee benefits, and the pros and cons of common employee benefits.
Working in the Gig Economy
Working in the gig economy has perks and hidden costs. Learn key differences between W-2 employment and 1099 non-employee status, including the self-employment tax stack.
Income & Retirement Unit Review
Review key concepts and definitions from the Income & Retirement unit.
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