I.   Bellwork – The “Stealth” Increase to Social Security Taxes Happening This Year Explain the increase in Social Security taxes and who it impacts. Where will the money go? What are 2 things you can do about the increase? II.  Objectives: Content OBJ – given gross wages, calculate fed, state, and FICA tax and net […]

I   Bellwork – How Trump’s tax plan would affect households Explain some of the changes that will occur as a result of the new tax plan. What do you believe would be a fair tax plan for workers that could also generate money for the government II,  Objectives: Content Obj given gross wages and […]

I.   Bellwork – Show your work bellwork-state-withholding II.   Objectives Examine the importance of entrepreneurs in a market economy as they attempt to obtain capital and financing to support their endeavors. Demonstrate understanding of  visual information by restating, paraphrasing,  critiquing the entrepreneurs products and the deals offered by investors on Shark Tank. III.   Classwork A. […]

I.   Bellwork Q&A List factors (4) determine payroll taxes? Explain the importance of a 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 iLearn 6.1.39 Federal and […]

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 […]

I.   Bellwork A.  Show your work A person makes $1500 semi-monthly. He works 46 hours in a week. What are his gross wages? Hint: figure out annual pay and then hourly pay If you make $2800 bi-weekly and work 90 hours in that biweekly period, what are your gross wages? II.  Objectives Interpret financial transactions […]

I.  Bellwork A,  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.   Objective: Interpret financial transactions and demonstrate how to manage finances and budget for future expenses. Calculate gross wages by determining the […]

I. Bellwork: Show Your Work A)  A person makes $3200 bi-weekly. He works 46 hours in a week. What are his gross wages? Hint: figure out annual pay and then hourly pay B)  A person makes $4800 monthly. He works 46 hours in a week. What are his gross wages? Hint: figure out annual pay […]

 I.  Bellwork A.    How many standard work hours are in a: day week month Year II.  Objectives: Content OBJ -calculate  gross pay based upon minimum wage laws Lang OBJ – create a thinking map  explaining how to calculate  gross wages based upon Michigan’s minimum wage laws. III.  Notebook   A.   Determining regular hours and […]

I Bellwork – Show Your Work  If you make $420 weekly and work 42 hours in that weekly period, what are your gross wages?  If you make $900 bi-weekly and work 83 hours in that biweekly period, what are your gross wages? II.  Objectives: Content OBJ -calculate  gross pay based upon minimum wage laws Lang […]