Marketing – 11/27/17

I.  Bellwork: H&R Block Budget Challenge Q&A

Locate the Tax Filing module at Student Home>Tax Filings.

Answer questions about the simulation to determine the appropriate tax form to file

1. How much was the tax due/refund using the 1040EZ?____________________________
2. How much was the tax due/refund using the 1040A? ____________________________
3. Which form should this character use to file his/her taxes? ____________________________
4. What makes the difference between the two forms? ____________________________

II.  Objectives:

• Read and Discuss forms (W4, W2, and 10404EZ & 1040A) necessary to file taxes.
• Read and Discuss employee and employer responsibilities as it relates to taxes
• Verbally explain the importance of a W-4 and how allowance selections impact  take home pay and income taxes.
• Interpret and record financial transactions

III.  Discuss:  W8_Pit Stop_Income Tax_Forms

• W4 forms – importance
• W2 form – importance
• Tax forms/filing

IV.  Classwork: Budget Challenge

• Record financial transactions
• Take W4 quiz on Budget Challenge

MBCC - Marketing 1 F2017