I.   Bellwork Provide two reasons why someone would use credit. List at least 3 examples of things people buy on credit. II.   Objectives: Compute compound interest using a spreadsheet Apply the Rule of 72 to compute how money can be doubled. Explain how compound interest is computed III.  Discussion:   Explanation of Compound Interest & Rule […]

I.   Bellwork A) Nabil has a vehicle registered in Michigan and is driving in Ohio. He runs off the road and hits a fence causing $12,000 in damage. Which coverage under no-fault insurance is responsible for the claim? How much is covered? Explain B) Raneem drives her car into the side of a business […]

I.   Bellwork A.   Hana has $250 deductible for collision and $500 deductible for comprehensive. She hits a deer which causes $2000 in damage. Which type of insurance covers the accident? How much does the insurance company pay? B.   You have broad collision insurance with a $500 deductible. You are involved in an […]

I.   Bellwork -Question &  Answer For auto insurance, what is meant by deductible? Explain what 20/40/10 means for Residual Liability Insurance?   II Objectives: Content OBJ: examine the components of no-fault insurance coverage. Lang OBJ: read the details of no-fault insurance coverage and evaluate different scenarios to decide what is covered under a typical policy. […]

I.  Bellwork – A.  Questions & Answers Explain why you need auto insurance? How much does car insurance cost on average for a high school student? What factors can cause differences in the cost of insurance for drivers? II.   Objectives: Content OBJ: determining the meaning of various forms of auto insurance coverage discuss and […]

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. Determine FICA, […]

I.   Bellwork Questions & Answers What is the Social Security Tax rate? What is the Medicare Tax rate? What is the FICA Tax rate? II Objectives: Content Obj. Calculate the social security tax based upon wage limitations given gross wages and exemptions, determine FICA, Federal  and State tax withheld from wages for weekly, bi-weekly, semi-monthly, […]

I.   Bellwork – A.  List at least 4 items that are deducted from gross wages to get net wages B.  List the taxes which makeup FICA. 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 […]

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 A.  Questions & Answers Explain the issue/problem in the article. What did the court decide? Explain your opinion on this case. 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 […]