Personal Finance – 12/15/2016

I.  Bellwork –

A) If everyone had to pay an infrastructure tax of $500, would the tax be progressive, regressive, or proportional?

B) If Mark makes $12,000 and pays $1,200 in tax, Adam makes $30,000 and pays $3,000 in tax, and Jacob makes $95,000 and pays $9,500 in taxes, would the tax be progressive, regressive, or proportional? SHOW THE PERCENTAGES TO SUPPORT YOUR ANSWER

II.  Objectives:

Content Objective

• Demonstrate how to schedule and manage payments.
• Use examples and case studies to explain and evaluate the impact of marginal benefit and marginal cost of an activity on choices and decisions

Language Objective

• interpret financial information in order to schedule payments and record transactions

III.  Discuss Tax Quiz Review on iLearn

• Small Quiz Tomorrow

IV.  Classwork:

A) H & R Block Challenge

• Take Quizzes
• Pay Bills and Record transactions on your spreadsheet

B) Banzai – Play the Game (72)

Personal Finance F2016