 Essential Question –Practical Arts Thursday/Friday “It’s amazing what can be accomplished if no one cares about who gets the credit.” President Harry.

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Presentation transcript:

 Essential Question –Practical Arts Thursday/Friday “It’s amazing what can be accomplished if no one cares about who gets the credit.” President Harry Truman. Essential Question: Would you prefer payment in the form of a salary or a wage? WHY? TODAY: Chapter 23 pages: In School to Career “I will be able to Describe the different forms of income and fringe benefits an employee can receive for doing a job. Word for the week: Commitment

Class Assignment: List 5 things (minimum) you have learned in this class during the First Semester and explain how you will apply it to be successful in school and life. NOTE: This should be a minimum of 1 page – using complete sentences. Be prepared to share with class. Turn and share with your group. OJT Students – Last 9 week Time Cards MUST BE IN FILE NOW File Check – Grades will be posted for last Week Schedules & Paystubs!!!

Objectives: After studying this chapter you will be able to: Describe the different forms of income and fringe benefits an employee can receive for doing a job. Distinguish between gross pay and net pay. Describe paycheck deductions Identify the various services and facilities provided by tax dollars Describe how consumers are taxed and the types of taxes they pay. Simulate filing a federal tax return Describe the purpose of, and benefits provided by, the Social Security program, Medicaid, Medicare, worker’s compensation, and unemployment insurance.

Earned income Wage Salary Piecework Tips Bonus Profit Sharing Deductions Gross Pay Net Pay Exemption Form W-4 FICA Form w-2 Form 1040EZ Su0pplemental Security Income (SSI) Medicare Medicaid Unemployment Insurance Key Terms

Essential Question –Practical Arts Year in Review “It’s amazing what can be accomplished if no one cares about who gets the credit.” President Harry Truman. Essential Question: How can you use what you have learned in this class to be successful in life? TODAY: Semester Exam Review/Grade Distribution Word for the week: Commitment I will know how to apply lessons learned in class to everyday practical living for success.

Class Assignment: List 5 things (minimum) you have learned in this class during the First Semester and explain how you will apply it to be successful in school and life. NOTE: This should be a minimum of 1 page – using complete sentences. Be prepared to share with class. Turn and share with your group. OJT Students – Last 9 week Time Cards MUST BE IN FILE NOW File Check – Grades will be posted for last Week Schedules & Paystubs!!!

Setting up and maintain a personal budget activity. Learning Objectives: Students will: Understand the components of a budget Create and calculate an individualized budget Keep financial records to assist in planning Demonstrate effective decision making in spending and saving Standards: Planning Scarcity, Decision Making, Allocation Numbers and Quantity: Quantities Modeling