I.  Bellwork – Question & Answer What are the three types of taxes? Provide an example for each type. II.  Objectives Demonstrate how to schedule and manage bill payments Analyze, interpret, and record financial information from source documents Explain how to verify printed and online account statements for accuracy III.  Classwork A.)  H & R […]

I.  Bellwork A.  2016 Federal Tax Brackets/Rates What is the lowest federal income tax rate based on income? What is the highest federal income tax rate based on income? B.  State Income tax Which states have no state income tax? List the two states that have the highest state income tax rates. II.  Objectives Content […]

I.  Bellwork  Who-benefits-from-Donald-Trump’s tax plan? Summarize what Trump is attempting to do with his tax plan. Based on the information on the article, what is the answer to the article’s title? Explain the general tone of the article’s author in regards to Trump’s tax plan. II.  Objectives Content OBJ: comprehension of how to properly complete […]

I.  Bellwork What do you believe is your current grade?   Are you happy with your performance?  Explain how you were able to achieve this grade. Explain what you need to do in the next 5 weeks in order to put yourself in a position where you can pass or get a descent grade before the […]

I.  Bellwork piece-work-bellwork II.  Objectives Define basic tax terminology Identify and explain the information necessary for  tax preparation Determining meanings of words and phrases as they relate to tax preparation and identify how they are applied through class discussion and reading. II.  Discussion Intro to Taxes chapter-07 III.  Classwork A.  Chapter 7.2 Pages 141-155   […]

I.  Bellwork – Show your work A.  Nabil gets a commission of 5% of all sales & gets additional commission of 1% for sales over $40,000. He had sales of $60,000. What is his commission? B.  Hussein’s base monthly salary is $2000. He makes a 4% commission on sales up to $25,000 and an 8% […]

I.  Bellwork – List 3 specific  jobs in which an employees receive a commission Do you believe it is better to receive a commission or salary?  Explain II.  Objectives: Content OBJ – calculate commissions with a minimum sales requirements and two-tiered commissions Lang OBJ – Explain verbally how to calculate various commissions III.  Notebook/Discussion A.  […]

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 […]

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. given gross wages […]