Personal Finance – 5/09/17
I. Bellwork
A. Show your Work
- Nour’s previous year-to-date gross wages are $113,000, her current wages are $1,200. Determine her current year-to-date gross wages.
- How much of Nour’s current wages would be taxable for Social Security?
- What would be the Social Security Tax amount based upon the wages?
II. Objectives:
Content Obj.
- Determine FICA, Federal and State tax withheld from wages for weekly, bi-weekly, semi-monthly, and monthly pay periods based upon gross wages and exemptions
- analyze transactions and make record payments
Lang Obj.
- explain how to determine withholding taxes given exemptions, marital status, and pay period, and wages
III.Notebook- Determining Current Year Accumulated Wages
IV. Classwork:
- 2nd hour Review Employment Laws
- Questions about Review
- Banzai
IV. Withholding Test on iLearn (30 minutes)
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