$AW Lesson 4 ― “My Taxes…, My Responsibilities”. $AW Source: U.S. Census 1930 1940 1950 1960 1970 1980 4.5 4.0 3.5 3.0 2.5 2.0 Birth in Millions THE BABY.

Slides:



Advertisements
Similar presentations
M ichael Carliner April 25, 2006 Phoenix, AZ Building for Boomers & Beyond 50+ Housing Symposium Executive Session.
Advertisements

Income, Outgo, and Investment. National Income Money does grow on trees! Since 1990 the national income has nearly doubled. Definition: total rent, wages,
Calculating Sales and Income Tax
Tax Vocabulary. Gross Pay The amount of money you earn each pay period.
Table 7.1Marginal Federal Income Tax Rates on Taxable Income, for Selected Years Income class Year$1,000$5,000$15,000$50,000$100,000$1,000, —0.4%0.8%1.5%2.5%6.0%
1 times table 2 times table 3 times table 4 times table 5 times table
Social Security and the National Debt What costs and trade-offs are we willing to accept to ensure the benefits of income security to Social Security recipients?
4-2 Make a function table and a graph for the function y = –9x2. Is the function linear or nonlinear? Step 1 Make a function table using the rule y =
What different types of taxes are deducted from employee’s paychecks? LESSON DO NOW.
Why do we have programs like food stamps and Medicaid? Are they necessary? Why or why not? Call to Order.
SOCIAL WELFARE POLICYMAKING. Social Welfare Policies Provide benefits to individuals Based on either Entitlement (regardless of need; Social Security/Medicare)
Adult Immunization: Prevention and Wellness Across the Life Course Jane Barratt Secretary General, International Federation on Ageing 31 May 2012.
Consumer Market Chapter 6. Three Most Important Demographic Variables??? Ethnicity Income Age.
Taxes: How it works First we need an income an income Write down.
DETERMINING PAYROLL TAX WITHHOLDING. PAYROLL TAXES  Based on employee’s total earnings  Employee Income Tax  FICA Taxes  Social Security Tax  Medicare.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 13-4 Paying Withholding and Payroll Taxes.
Components of the Housing Stock Total Stock119,297120,834122,187123,925126,012 Occupied104,965105,560106,588108,231109,575 Owner71,27872,05473,57574,55375,380.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 12-2 Determining Payroll Tax Withholding Required by Law to withhold taxes Payroll taxes represent.
Chapter 10 Career Choices and Taxes
This lesson covers the W-2 IRS tax form.. The W-2 is an important tax form that everyone needs to understand. The W-2 is a wage and tax statement, since.
The Economy Ms. Dennis & Mr. Patten Participation in Government.
The Rise of the “Welfare State”
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 13-4 Paying Withholding and Payroll Taxes.
Independent Living October 12, 2015 Payroll Taxes.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 13-3 Other End-of-Fiscal-Period Work.
The New Old John Beard World Health Organization.
Survey of Economics, 4e / Ch. 16 The Public Sector ©2004 South-Western, a division of Thomson Learning™ CHAPTER 16 The Public Sector.
Population Dilemmas in Europe. The Geographic Setting One of the smallest continents in size 1/8 th of the population lives there Population Density is.
$100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 13-4 Paying Withholding and Payroll Taxes.
Social Security Brandon Miner, Matt Macdonald, Nick Taylor.
Tables Learning Support
BMI3C - Chapter 5 The Changing Consumer Market. The Consumer Market Consumer Market – all potential customers for goods and services sold for personal.
© 2014 Cengage Learning. All Rights Reserved. Learning Objectives © 2014 Cengage Learning. All Rights Reserved. LO1 Analyze a payroll transaction. LO2.
Learning Objective # 3 Estimate your retirement spending needs. LO#3.
Iberia & Contiguous Parishes: Population and Selected Demographic Traits Elliott Stonecipher, President Evets Management Services, Inc.
 =   –  + ++= = = = = CALCULATING FEDERAL INCOME TAX Lesson 25-3, page 647.
FORMS OF INCOME Wage Minimum Wage Piecework Income Salary Commission Tips Bonus.
© Thomson/South-Western ECONOMIC EDUCATION FOR CONSUMERS Slide 1 Chapter 5 LESSON 5.3 Taxes and Government Objective: By the end of class, students will.
Social Security 101 What’s In It For Me?. Social Security Program The I stands for I nsurance OASDI Act of 1935 O ld A ge S urvivors D isabled Individuals.
Processing Payroll Review. Lesson 12-1 Calculate regular hours. 1 1 Calculate overtime hours. 2 2 Calculate total hours. 3 3.
Copyright © 2010 Cengage Learning 12 The Design of the Tax System.
Lesson 4B: Understanding Taxes
LESSON 15-3 Preparing a Statement of Stockholders’ Equity
Times Tables.
Reporting Withholding And Payroll Taxes
© 2014 Cengage Learning. All Rights Reserved.
EMPLOYER ANNUAL REPORT TO EMPLOYEES OF TAXES WITHHELD
© 2014 Cengage Learning. All Rights Reserved.
© 2014 Cengage Learning. All Rights Reserved.
JOURNALIZING PAYMENT OF A PAYROLL
INCOME STATEMENT 1. Net Sales 2. Net Purchases
Lesson 13-3 Other End-of-Fiscal-Period Work
CALCULATING COMPONENT PERCENTAGES
Lesson 13-3 Other End-of-Fiscal-Period Work
© 2014 Cengage Learning. All Rights Reserved.
© 2014 Cengage Learning. All Rights Reserved.
“My Taxes…, My Responsibilities”
Lesson 13-1 Work Sheet for a Corporation
LESSON 15-3 Preparing a Statement of Stockholders’ Equity
Your Salary Info US History.
Paying Withholding and Payroll Taxes
Lesson 13-1 Work Sheet for a Corporation
Do Now Write out the three branches of Minnesota state government.
3 times tables.
6 times tables.
Paying Withholding and Payroll Taxes
In order to make progress over the next two lessons I will:
CAPITAL STOCK SECTION OF THE STATEMENT OF STOCKHOLDERS’ EQUITY
Presentation transcript:

$AW Lesson 4 ― “My Taxes…, My Responsibilities”

$AW Source: U.S. Census Birth in Millions THE BABY BOOM: LESSON 4 ”MY TAXES…, MY RESPONSIBILITIES”...do you know how it works?

$AW YEARS SPENT IN RETIREMENT  Age LESSON 4 ”MY TAXES…, MY RESPONSIBILITIES”...do you know how it works?

$AW LINEAR LIFEPLAN EducationWorkLeisure Age “Longevity Bonus” LESSON 4 ”MY TAXES…, MY RESPONSIBILITIES”...do you know how it works?

$AW LESSON 4 ”MY TAXES…, MY RESPONSIBILITIES”...do you know how it works?

$AW LESSON 4 ”MY TAXES…, MY RESPONSIBILITIES”...do you know how it works? PROGRESSIVE INCOME TAX TABLE FOR SINGLE PERSONS

$AW LESSON 4 ”MY TAXES…, MY RESPONSIBILITIES”...do you know how it works?

$AW LESSON 4 ”MY TAXES.., MY RESPONSIBILITIES..do you know how it works?? All Federal Income Taxes Paid in the United States Year 2001