Personal Finance – 4/26/17
I. Bellwork
- Explain in detail the charges the business owner faced.
- What was the sentence in the case?
- Do you agree? Explain
II. Objectives
- Content OBJ – given gross wages and allowances, calculate fed and state tax withheld from wages
- Discuss how Deductions, exemptions and tax credits reduce tax liability
- Complete IRS form W-4 (Employee’s Withholding Allowance Certificate) to determine the optimal amount to withhold for personal income tax.
- Lang OBJ – explain how to calculate fed and state tax withheld from wages
III. Notebook
- Map – Factors Determining Payroll taxes
IV. Classwork
C) Page 89 Vocab (7) & Pg 96 #7-10
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