Learning ObjectivesStudents will be able to:
| National Standards for Personal Financial Education Earning Income
|
Learning ObjectivesStudents will be able to:
| National Standards for Personal Financial Education Earning Income
|
If you were in charge of how tax dollars are spent, what are some things in your community, state, or nationally that you would choose to pay for?
Briefly describe the purpose of taxes.
What is the difference between gross pay and net pay?
Which of the following are two mandatory categories of government spending that are paid for by FICA taxes?
On a pay stub, the amount of money that is left after withholdings is known as…
Which statement best describes discretionary government spending?
Medicare and Social Security are mandatory spending categories funded by which type of taxes that are withheld from your paycheck?
The federal income taxes that are withheld from your paycheck are used to pay for what?
All of the following options are benefits we receive as a result of government spending EXCEPT…
What are Pre-Tax Deductions and Contributions?
What are two examples of Employer Contributions?
How frequently does Hope receive a paycheck?
Assuming that Hope receives a paycheck at regular intervals similar to the stub shown, how many pay periods has Hope had year-to-date (YTD)?
Which statement below accurately describes Hope’s gross wages?
What was the largest deduction for this pay period?
Look at the lines that say HEALTH, DENTAL, and RETIREMENT. Which statement below is accurate?
Hope's contribution to her RETIREMENT plan...
What was the TOTAL amount deducted from Hope's latest paycheck?
One of Hope’s coworkers quits, and during the next pay period Hope works 60 hours instead of 40 to help cover the shifts. Which of Hope’s deductions will definitely change as a result?
Which of the following statements is TRUE?
Hope's employer deposits her paycheck directly into her checking account. How much would her employer have deposited into Hope's checking account on the most recent payday of 5/21/20?
