Accounting – 4/16/19
I. Bellwork:
- Explain how overtime wages are determined (formula)
- Explain how gross wages are determined (formula)
II. Objectives:
- Demonstrate the process for determining federal income tax withholdings.
- Demonstrate the process for calculating Social Security and Medicare taxes.
- Explain the benefits of funding medical and retirement plans with pretax contributions.
III. Discussion/Notebook
- Withholding Allowance
- Employee Social Security And Medicare Tax
- https://www.ssa.gov/thirdparty/educators.html
- Voluntary Deductions
IV, Classwork
- Drill 13-D2
- Aplia – 12-2 Working Together & On Your Own
- Aplia – 12-2 Application Problem
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