Personal Finance – 5/02/17
I. Bellwork –
The “Stealth” Increase to Social Security Taxes Happening This Year
- Explain the increase in Social Security taxes and who it impacts.
- Where will the money go?
- What are 2 things you can do about the increase?
II. Objectives:
Content OBJ –
- given gross wages, calculate fed, state, and FICA tax and net wages
Lang OBJ –
- explain how to calculate net wages
III. Notebook
- Flow Map: Calculating Net Wages
Gross Wages – FICA– Fed Withholding – State Withholding – Other
IV. Classwork:. (Sheets on Google Classroom)
- 6.1.4 Net Wages
- 6.1.4.2 Net Wages
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