Personal Finance – 5/01/17
I Bellwork –
- Explain some of the changes that will occur as a result of the new tax plan.
- What do you believe would be a fair tax plan for workers that could also generate money for the government
II, Objectives:
Content Obj
- given gross wages and allowances, determine fed and state tax withheld from wages for bi-weekly, semi-monthly, and monthly pay periods
- use a simulation to make financial decisions by paying and recording expenses while balancing a budget
Lang Obj.
- interpret transactions and record them correctly in the simulation
- explain how to determine fed and state tax withheld from wages
III. Thinking Map Comparing State v, Federal Withholding
IV. Classwork:
- 6.1.4.1 Determining State and Federal Withholding (Use schedules on iLearn)
- Banzai Simulation Finish: Life Scenarios & Begin the Game
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