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Monday February 27, 2017 **Check for H&R Block Budget Challenge**

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Presentation on theme: "Monday February 27, 2017 **Check for H&R Block Budget Challenge**"— Presentation transcript:

1 Monday February 27, 2017 **Check for H&R Block Budget Challenge** Complete the hourly/overtime table below

2 Tuesday February 28, 2017 **Check for H&R Block Budget Challenge** 1) Richard Klein works as an auto mechanic and earns the following commission rates: 3% for oil changes, 5% percent for tune-ups, and 6.25% on auto parts sales. He is guaranteed a minimum salary of $2, per month. Last month he brought in $2, in oil changes, $4, in tune-ups, and sold $28, in parts. What is his gross pay for the month?

3 March 1, 2017 **Check for H&R Block Budget Challenge** 1) Mitchell Gomez is an auto mechanic. He earns a base salary of $2,000 per month. In addition, he receives the following graduated commissions: 2 percent for the first $5,000 in repairs and 3 percent over $5,000. If he exceeds $10,000 in repairs, he is given a $500 bonus. What is Gomez’s total pay for the month if he does $10,125 in repairs?

4 March 2, 2017 **Check email for H&R Block Budget Challenge**
Using the Single Persons—Weekly table, find the amount withheld for federal income tax. Weekly income: $478.77; 4 allowances. 2) Weekly income: $394.74; 1 allowance. Using the Married Persons—Weekly table, find the amount withheld for federal income tax. 3) Weekly income: $615.88; 3 allowances. 4) Weekly income: $521.37; 2 allowances.

5 March 3, 2017 **Check for H&R Block Budget Challenge** 1)Sam is married, earns $ per week, and claims 2 allowances—1 for himself and 1 for his wife. Find the amount withheld for federal income tax. 2) Jackie is a single mother who claims 3 allowances—1 for herself and 1 for each of her two children. She earns $ per week. Find the amount withheld from her paycheck for federal income tax.


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