I.  Bellwork – Show your work  bellwork-2-state-withholding II.  Objectives Content OBJ – Calculate FICA Tax (Social Security and Medicare) Calculate federal, state, and FICA tax and net wages Lang OBJ – create a brace map identifying and explaining the components of FICA tax explain how to calculate net wages III.   Brace map – Components of […]

I.  Bellwork – sikh-truck-drivers-reach-accord-in-religious-discrimination-case-involving-a-major-shipping-company Questions & Answers Explain the issue/problem in the article. What did the court decide? Explain your opinion on this case. II.  Objectives: Content OBJ – Calculate federal, state, and FICA tax and net wages Demonstrate how to schedule and manage bill payments Lang OBJ – explain how to calculate net wages […]

I.  Bellwork – List and explain 3 employment laws II.  Objectives: Content OBJ – given gross wages, calculate fed, state, and FICA tax and net wages Lang OBJ – explain how to calculate net wages III.   Notebook Flow Map:  Calculating Net Wages IV.  Classwork:. (Sheets on iLearn) 6.1.4 Net Wages 6.1.4.2 Net Wages

I.  Bellwork – bellwork-state-withholding II.  Objectives: Discuss the purpose of various work related forms. Determine the function of major employment laws Create a brace map identifying and explaining the provisions of major employment laws III.  . Notebook Brace Map – Employment Laws pgs., 92-94 IV.  Classwork: A.  Textbook Page 89 Vocabulary (7) Page 96 7-13 […]

I.  Bellwork – Questions & Answers If each person made $40,000, which person would have more federal and state tax withheld, a single person with 1 exemption or a married person with 2 exemptions? What is the standard withholding tax rate for Michigan? II,  Objectives: Content Obj given gross wages and allowances, determine fed and […]

I.  Bellwork Q&A What factors (4) determine payroll taxes? Explain the importance and function of Form W-4. II.  Objectives Content OBJ – given gross wages and allowances, calculate fed and state tax withheld from wages Lang OBJ – explain how to calculate fed and state tax withheld from wages III.  Classwork Record Transactions and H&R […]

I.  Bellwork A. failure-to-pay-taxes Explain in detail the charges the business owner faced. What was the sentence in the case? Do you agree? Explain II.  Objectives Content OBJ – given gross wages and allowances, calculate fed and state tax withheld from wages Discuss how Deductions, exemptions and tax credits reduce tax liability Complete IRS form […]

I.  Bellwork A.  credit-card-minimums-article Summarize the purpose of the article. 2-3 sentences Based on the article, create a bubble map identifying problems with paying the minimum balance. 4 circles Create a bubble map Identifying 4 actions mentioned in the article, a person can take to pay off their balance. 4 circles II.  OBJECTIVE: Demonstrate how […]

I.  Bellwork A.  New overtime rules will have more workers punching a clock  – new-overtime-rules-will-have-more-workers-punching-a-clock Explain the new overtime regulations addressed in the article. Describe at least two ways businesses will be impacted II.  Objectives Examine the importance of entrepreneurs in a market economy as they attempt to obtain capital and financing to support their […]

I.  Bellwork – Show your work A person makes $3600 bi-weekly. He works 82 hours. What are the gross wages for the pay period? A person makes $400 this week and works 30 hours. What is their hourly rate? II.  Objectives: Content OBJ -calculate  gross pay based upon minimum wage laws Lang OBJ –  explain […]