The Importance of Being Accurate Copyright © Texas Education Agency, All rights reserved.

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How many differences can you spot? 3 Copyright © Texas Education Agency, All rights reserved.

Discovery See if you can find a video tutorial for any of the following: ◦ How to Not Make Mistakes ◦ How to Not Pay Taxes ◦ How to Get Better at Not Making Mistakes ◦ How to Keep People From Making Mistakes Copyright © Texas Education Agency, All rights reserved.4

Need to Know Terms Accurate Recording Information Reporting Information Calculate Hours Worked Hourly Rate Social Security Social Security Tax Federal Tax State Tax Medicare Medicare Tax Deductions Withholdings Gross Pay Net Pay 5 Copyright © Texas Education Agency, All rights reserved.

Introduction-Purpose of Assignment SWBAT (Student Will Be Able To) Identify reasons for the importance of being accurate in recording information Identify reasons for the importance of being accurate in reporting information Identify reasons for the importance of being accurate in calculating, recording, and reporting gross pay and net pay Calculate gross pay and net pay 6 Copyright © Texas Education Agency, All rights reserved.

Guided/Independent Practice 1 Building accuracy with words… Building accuracy with numbers… 7 Copyright © Texas Education Agency, All rights reserved.

Guided/Independent Practice 1 Assessment After taking the two tests, reflect and answer the following: What factors helped you become more accurate each time you took the test(s)? What factors do you think kept you from being accurate the first time? Why is being accurate important? 8 Copyright © Texas Education Agency, All rights reserved.

Guided/Independent Practice 2 Calculating Gross Pay and Net Pay Based on the following table of information use your calculators (handheld or on computer) to calculate how much money each employee will get to take home. Hours Worked Hourly Rate Gross Pay Tax 1 Tax 2 Net Pay 120$ $ $ $ $10.75 Tax 1=8.25% Tax 2=10% 9 Copyright © Texas Education Agency, All rights reserved.

Summary Can you identify reasons for being accurate in recording information? Can you identify reasons for being accurate in reporting information? Can you identify reasons for being accurate in calculating, recording, and reporting gross and net pay? Can you calculate gross pay and net pay? 10 Copyright © Texas Education Agency, All rights reserved.