Personal Finance – 11/22/2016
I. Bellwork
- What is the Social Security Tax rate?
- What is the Medicare Tax rate?
- What is the FICA Tax rate?
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 for bills
Lang Obj.
- explain how to determine withholding taxes given exemptions, marital status, and pay period, and wages
III. Classwork:
- Questions about Review
- H & R Block Budget Challenge
IV. Withholding Test on iLearn (30 minutes)
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