U1: Ch1 Taxes & Basics - Classwork (2025)
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Last updated 22 days ago
31 questions
Note from the author:
Chapter Notes
Unit 1 Covers the basics of Algebra and some arithmetic connected to taxes. We will look at how they are paid and used.
Chapter 1 Objectives:
- Define rational numbers
- Express rational numbers as a fraction, decimal, and percent, and convert between the three
- Multiply rational numbers to solve word problems
- Understand how the federal government spends income tax dollars
- Explain the similarities and difference between payroll taxes and self-employment taxes
- Explain how sales tax is calculated, and how it differs between states and local areas
- Calculate percentages
- Read a pay stub
- Complete a W-4
- Identify common payroll deductions
Chapter Notes
Unit 1 Covers the basics of Algebra and some arithmetic connected to taxes. We will look at how they are paid and used.
Chapter 1 Objectives:
- Define rational numbers
- Express rational numbers as a fraction, decimal, and percent, and convert between the three
- Multiply rational numbers to solve word problems
- Understand how the federal government spends income tax dollars
- Explain the similarities and difference between payroll taxes and self-employment taxes
- Explain how sales tax is calculated, and how it differs between states and local areas
- Calculate percentages
- Read a pay stub
- Complete a W-4
- Identify common payroll deductions
Section 1: How Taxes are Used
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Section 2: Converting between fraction/decimal/percent
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Section 3: Rational Numbers
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Section 4: 5 Point Quiz Review
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Section 5: Multiplying Rational Numbers
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Section 6: Apply It (10 points - double quiz!)

