Objectives: After studying this chapter you will be able to: Describe the different forms of income and fringe benefits an employee can receive for doing a job. Distinguish between gross pay and net pay. Describe paycheck deductions Identify the various services and facilities provided by tax dollars Describe how consumers are taxed and the types of taxes they pay. Simulate filing a federal tax return Describe the purpose of, and benefits provided by, the Social Security program, Medicaid, Medicare, worker’s compensation, and unemployment insurance.
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Essential Question Practical Arts Monday/Tuesday Its amazing
what can be accomplished if no one cares about who gets the credit.
President Harry Truman. Essential Question: When should people tip?
Does a tip reward exceptional service or is it a required fee for
standard service? TODAY: Khan Academy- How to make the most out of
it to prepare for the SAT! I will be able to Describe the different
forms of income and fringe benefits an employee can receive for
doing a job. Word for the week: Commitment Class Assignment: Sign
in and explore Khan Academy OJT Students Last 9 week Time Cards
MUST BE IN FILE NOW File Check Grades will be posted for last Week
Schedules & Paystubs!!! Objectives: After studying this chapter
you will be able to: Describe the different forms of income and
fringe benefits an employee can receive for doing a job.
Distinguish between gross pay and net pay. Describe paycheck
deductions Identify the various services and facilities provided by
tax dollars Describe how consumers are taxed and the types of taxes
they pay. Simulate filing a federal tax return Describe the purpose
of, and benefits provided by, the Social Security program,
Medicaid, Medicare, workers compensation, and unemployment
insurance. Earned income Wage Salary Piecework Tips Bonus Profit
Sharing Deductions Gross Pay Net Pay Exemption Form W-4 FICA Form
w-2 Form 1040EZ Su0pplemental Security Income (SSI) Medicare
Medicaid Unemployment Insurance Key Terms Essential Question
Practical Arts Year in Review Its amazing what can be accomplished
if no one cares about who gets the credit. President Harry Truman.
Essential Question: How can you use what you have learned in this
class to be successful in life? TODAY: Semester Exam Review/Grade
Distribution Word for the week: Commitment I will know how to apply
lessons learned in class to everyday practical living for success.
Class Assignment: List 5 things (minimum) you have learned in this
class during the First Semester and explain how you will apply it
to be successful in school and life. NOTE: This should be a minimum
of 1 page using complete sentences. Be prepared to share with
class. Turn and share with your group. OJT Students Last 9 week
Time Cards MUST BE IN FILE NOW File Check Grades will be posted for
last Week Schedules & Paystubs!!! Setting up and maintain a
personal budget activity. Learning Objectives: Students will:
Understand the components of a budget Create and calculate an
individualized budget Keep financial records to assist in planning
Demonstrate effective decision making in spending and saving
Standards: Planning Scarcity, Decision Making, Allocation Numbers
and Quantity: Quantities Modeling
