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: 466-471
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.
Key Terms
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
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