I Bellwork A.   Mike works earns $48,600 a year. Calculate the following to the nearest penny.  Show your work. (Hint:  Divide) Weekly pay Monthly Pay: Bi-WeeklyPay: Semi-Monthly: II.    Objectives: Content OBJ – Calculate gross pay based upon yearly, monthly, bi-weekly and semi-monthly pay plans. Lang OBJ – construct a brace map explaining how […]

I.   Bellwork – Q&A How many weeks are in a year? How many months are in a year? How many hours make a standard work week? What is the overtime rate? II  Objectives: Utilize a Cash Flow Statement to manage money and monitor financial activity Content OBJ – Calculate gross pay based upon yearly, monthly, […]

I.  Bellwork A.  How much do you usually tip at a restaurant? B.  How much do you tip your hairdresser/barber? C.  Explain instances when you do not tip. II. Objectives: Content OBJ: calculate gratuity Lang OBJ: explain how to calculate gratuity Analyze and interpret financial information and source documents to record transitions III.  Discussion:  Tipping/Gratuity […]

I.  Bellwork https://hrblock.budgetchallenge.com/ Record the deposit of the pay check Record check & deposit on your spreadsheet Send your spreadsheet to Google classroom II.  Objectives:  Analyze transactions and record them on a checking register maintaining a running balance Apply banking terminology to interpret and classify financial  transactions Interpret source documents and record financial transactions III.  […]

I. Bellwork: A.  Show your work You have $1200 in your account. You write checks for $150, $45, and $65.. You make two deposits, one for $200 and another for  $180.  You transfer $100 from your checking to your savings account.  What is your balance? You have $2500 in your account. You write checks for […]

I.  Bellwork: Read Article What Happens When You Put a Stop Payment on a Check? Questions & Answers Explain under what circumstances should a stop payment be issued? What is the procedure for stopping payment on a check? Are fees associated with a stop payment and what are they? How low does a stop payment […]

I. Bellwork: A.  Read: When A Check You Wrote (Or Received) Bounces What are two fees associated with writing bad checks? What does NSF stand for? What are 4 things you can do if you write a bad check? How does Michigan’s returned check fee compare to other states? II  Objectives: Describe banking services available […]

I.  Bellwork:   Question & Answer What are three reasons a person may use a check register? II.    Objectives: Content OBJ: Analyze transactions and post them to a checking register keeping a running balance Lang OBJ: explain the cost associated with writing bad checks and create a circle map identifying them interpret source documents and […]

I.  Bellwork A.   H&R Block Quiz B.  Record Checks II.  Objective: Examine the importance of entrepreneurs in a market economy as they attempt to obtain capital and financing to support their endeavors. Demonstrate understanding of written, spoken, or visual information by restating, paraphrasing, summarizing, critiquing, or composing a personal response. III.  Notebook Check Today A.  […]

I.  Bellwork A.  Show your Work If your account has $3000 in it and you write 4 checks for $56.00, $750.00, $245.75, and $89.95. What is your new balance? If you make two additional deposits of $968.80 and $450.32, what is your new balance? II.  Objectives: Content OBJ: Analyze transactions and post subtractions and additions […]