it's your paycheck lesson 5 answers

$_____ They compare gross pay to net pay. Reading a pay stub worksheet. —If your gross weekly pay is $500, your deduction is 2.5% of $500: $500.00 × â€¦ endstream endobj 65 0 obj <>stream Showing 1 - 69 of 69 resources. $��A���1��h�D���� � !0H��?2012���H�q�W� �J ! What two forms must an employee complete when beginning a new job? 59 0 obj <> endobj Expanding Your Paycheck - Benefits and Services to Consider 6. Many employers check applicants' credit history prior to hiring. Worksheets printable to review answers with the class. Bowling Green, KY, Cheri Klausing, Susan’s gross pay= 85 hours x $18.00 23. You choose toput in 2.5% of your salary, and your employer matches this by contributing the same amount. Explain that B is the false statement because even minors have to pay taxes on money they earn. If you deposited money in a savings account that paid 1% interest, approximately how long would it take your money to double? $_____ EARNINGS STATEMENT. When you have finished this lesson you should be able to: David B. Ballard, Dawn C. Conner, Mary C. Suiter, Ph.D. – Original Authors, Laura Cline, How does direct deposit work? Suggested Money Lesson Plan for this Worksheet . They learn how to complete a W-4 form and what a W-2 form is. Practice earning money skills with a taxi driver theme. Present Planet Paycheck PowerPoint presentation 2.13.1.G1. Permission is granted to reprint or photocopy this lesson in its … Interpret sample pay stubs lesson two quiz Quiz 2-5 is in the Student Activity section. Credit history may affect the price you pay … ߇�D� �$j�&u�� �D��hI����I���z����B�xE�)Jc�R���#�� %8@k%���I""%��4��ƈ�P�D"�w�`r�T�q=� w7(�50ܿ�.��Ýb�����~�9�-߷7f-�(��nX>�V��(��|�^�}���,��׹d+�y��R�SW)ވ�RAʹ��s7sJٵ�W���K��9)�Z��%|�MU�A}�@-�a^u ��3�V�������J� �JV%����. The stub shows how long you worked, what you earned, and how much you paid in taxes and other costs. 0 What are the three methods an employer may use to pay his/her employees? Louisville, KY, Debra Robinson, endstream endobj 64 0 obj <>stream answer choices . Some of the worksheets for this concept are Paycheck stub 2, Paycheck stub 1, Worked, Federal reserve bank of kansas city, Produced by the federal reserve bank of louis, Its your paycheck lesson 2 w is for wages w 4 and w 2, Understanding your paycheck lesson plan, Understanding your paycheck. Lesson 7 financial literacy and understanding your paycheck Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Q. Managing Your Paycheck - Deductions 4. Deduction. Louisville, KY, Sam Rego, Calculate the gross pay in the table below. Give an introductory lesson about earning money to your students. Managing Your Paycheck - Withholdings 3. The other option that's also used by many employers is direct deposit. Find Payroll lesson plans and worksheets. Louisville, KY. Tags: Question 21 . 1. The downloading Explain that income is money earned by a worker. �.��}B���˦2I;��Q�t�0!Լ�gV����Xd�pĦs�r�_ ��} endstream endobj 63 0 obj <>stream Susan worked 85 hours in the last pay period and she earns $18 per hour. Just like any other check, it can be cashed or deposited to your bank accountif you have one. Getting Paid Word Problems. Before you cash that check, read the pay stub to make sure you’re getting the right amount. PAYCHECK MATH Directions: In the following example, employees are paid an hourly rate of $8.80 for the first 40 hours within a given week. H��U�N�0��+rL�y_D* Usk� � ��� Encourage students to share their answers. To make sure you did not make a mistake in your record keeping, To make sure the bank did not make a mistake in their record keeping, To make certain that mistakes do not lead to overdraft fees. a. Beyond reading and arithmetic, one of the most important skills for graduating seniors to have is fiscal literacy and responsibility. Louisville, KY, Lacy Rise, Calculate interest compounded semiannually. They learn about credit history, credit reports and credit-reporting agencies. Credit history affects all aspects of your life, including your ability to open a bank account, buy a car, get a cell phone, obtain a credit card or rent an apartment. wp ��P�v The first one has been done for you. Doss High School Magnet Career Academy, Earning Money - Taxi Driver - Job Lesson. H��V�n�@��+Ε)æv�M�V ő��;;M$E�*E~?�ɣ$s�:�)�vo_3K-w{�?~�M#�[�,����>�*�/�l^���)���ŗ泠��d��X[q�4F;�tL�D��&^ݨ�h�N���4��݀*�>wIq�ʸB��lp �wd0����C��a Finally, you will learn that there is a relationship between the level of risk for an investment and the potential reward or return on that investment. In this lesson you will calculate compound interest to identify the benefits of saving in interest-bearing accounts. Susan works the same amount of hours each month. $1,500.00. Paycheck game allows teams to test their financial literacy concerning paycheck concepts, facts, laws, and statistics. HK *����Uv���`-�_c-Zy7�\ap���=Rp|v�yAi@n�``�*��vO4�1'��ZKk�$�3y^��G���uD�0y,�� Hourly pay, monthly pay, annual pay, overtime pay. Payroll and Income Tax: Madley Brath #5 ... Students answer 5 questions. h�b```"SV ~�g`��0pl r@"��g6��Y����k��Lf�cFc��'���3O10��U�vv���g�V߁ �=R{`����80I�Ǝ�(��l� ���0�9@If�$ag �*c�������Kۘ$�eD0uXˉ\�d��� ֢��8a&H%���}>c@� �Q� Explain the difference between a non-interest bearing account and an interest-bearing account. If you continue browsing the site, you agree to the use of cookies on this website. 20 seconds . Susan worked 85 hours in the last pay period and she earns $18 per hour. She has a retirement package. ��5V��b{��X���B�!�(r�_��T���2�΋=�}R����b�;��)�������|%���wHk�b�����M�W ?���$ڬ�����Hnt}�;�Ф�dr�3�_��OL� �d0�; ���bv5�2��um�}�$���"�w��8� L��x�4B��lK��g�=͑�fM\�4:�֥=p[ڝ��| ��1g���y�yE�/3�����y �^�^3z��ձ��ؾ endstream endobj startxref You will learn the "Rule of 72" and apply it to both investments and debt. 74 0 obj <>/Filter/FlateDecode/ID[]/Index[59 29]/Info 58 0 R/Length 81/Prev 107029/Root 60 0 R/Size 88/Type/XRef/W[1 2 1]>>stream Choose the closest answer. It's Your Paycheck Lesson 5 In this lesson you will calculate compound interest to identify the benefits of saving in interest-bearing accounts. Drag and drop each word to its definition. You have remained in right site to start getting this info. Paycheck Stub - Displaying top 8 worksheets found for this concept.. Start them on the right financial track with nine lessons that focus on a variety of important personal finance skills that they will carry with them throughout their adult lives. You will learn the "Rule of 72" and apply it to both investments and debt. This allows your employer to electronically transfer your paycheck directly to your bank account. Here are some words that may appear on a pay stub. Displaying top 8 worksheets found for - Understanding Your Paycheck. Tell students that today’s lesson is about net earnings, taxes and other deductions they may encounter on their paystubs, as well as how they can make the most out of deductions to maximize savings. It's Your Paycheck Lesson 5 In this lesson you will calculate compound interest to identify the benefits of saving in interest-bearing accounts. $1,052.50. %PDF-1.6 %���� Displaying top 8 worksheets found for - Reading A Check Stub. Moore Traditional High School, 87 0 obj <>stream Warren East High School, Bowling Green, KY, Krista Hunt, (1 point) 4. 1. get the understanding your paycheck answers link that we present here and check out the link. Some of the worksheets for this concept are Understanding your paycheck, Federal reserve bank of kansas city, Understanding pacycheck deductions, Directions using the pay check stub above answer the, Understanding taxes and your paycheck, Independent living skills module i, Nderstanding our paycheck … Payday will be on December 1. %%EOF Citizenship and Immigration Services websites to pass out for students to see. Butler Traditional High School, Ten Actions to Get More from Your Paycheck Gross pay… Getting Your Paycheck - Direct Deposit, Check or Payroll Card (with related activity) 5. �����6�8��6�7���ߧ݊�Zk��L��}�"��) )�5t�{�gt�)��y���.�`���JB�C��-;��% JI�QW�8%�|IpZ(n�W��,$�n���2�hmx'Mϭ��x/�i�� ��SP�E �8��;�j��vwޒ%��4�Or��O��;JM3���_���|���)&�c�U7p1����V�n���B&��Uں-fχH*xDuB��.Ҳ��'RU>��P�d�naa�欪���芖x�ʾ�--K��)������g[豥M@F�_��Ũ�In���n �)�I�#� \�q AzL�M��O�g����YWX"t����� ��j���8\;���F�. This pay period she worked 173 hours. —Suppose your employer has a “matching” retirement plan. When you work, you often will receive an earnings statement with your paycheck. Warren East High School, $1,100.00. 9/18/2016 Lesson 4 Quiz Flashcards | Quizlet 1/2 Lesson 4 Quiz 20 terms by Ijeoma-Danielle Government can reallocate resources of an economy through taxes, _____ payments, and by providing direct services transfer In our macro Circular Flow, the Businesses are choosing to borrow _____ billion dollars 500 A _____ marginal rate is found in United States federal income tax. As you review the answers, make sure that students understand the difference between voluntary deductions like charity and savings, and involuntary deductions like taxes. Ƙ��~���8����0�G�J�Je勰z|�%���1���C��M��;��4�Aq�@�~���gߥ5w��dT���6yo�a� (1 point) 2. H��V�N�0��+rL���8�i*/!ι�����!�ʪg�5(ב3;;�YGu�Z�+U-�c�oޗ��ꈴ7�h0)=��~A��@��O��6���8\��4̀�� �y��$�S. Lesson 2: "W" Is for Wages, W4 and W2 Students compute the gross pay for a fictional John Dough given his hourly wage and the number of hours worked. Any hours over 40 are paid at the “time and a half” rate,” which is $13.20. Sally earns $12.00 an hour. Lesson Planet. Businesses usually offer a few payment methods for obtaining your paycheck. �0 y@U\ How does a payroll card work? The first is simply receiving a physical paper check. The Form W-4, I-9 and W-2 can be downloaded from the IRS and U.S. Get Free Access See Review. Earnings Statement Understanding Your Paycheck (with related pretest) 2. 6. Borden, IN, Strauzie Miller, hެ�_o�6�� 2. $1,102.50. It's Your Paycheck Lesson posted Jun 5, 2012, 12:00 PM by John Adam [ updated Jun 5, 2012, 12:03 PM] Complete Lessons 1-9 below. Susan’s gross pay= 85 hours x $18.00 23. They learn what FICA and federal income taxes are. It’s Your Paycheck! Upon completion of this lesson, participants will be able to: ... Understanding Your Paycheck – Page 2 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at The University of Arizona account. X����o���*�� hAA�� ^�K)�V��W���Ϣ����ܭ�{;mM����՗6>��(��~�� 2�-" �iYU��Z?��$��q��"�(��f&$ו�uEM��[qO'��여�X��d\���"?-�� �_]��7]YA�qa�iD��~wQ� ����d�|���m�Z7��$l䙎��)��o����P���h�!��`ah%��Q'��O ��a+fn��O37bl�$��Q�z�3v��em�.�v~����_ĝ5#�y1��?gl���&o����2إ���d�^��&m@Y�S�[%�d?g�2��׽� �֌}���p�I��ϒF;T�ޠ��Ru�]�x��y{�ob5���j�6XQ� Louisville, KY, Anthony Harper, Susan works the same amount of hours each month. Forgetting to include taxes when estimating the amount of your paycheck. 5 percent interest “compounded semiannually” means that every six months ½ of 5 percent interest—that is, 2.5 percent interest—is paid on the principal and any accrued interest. �Ѯ��Y�g�pL�4���jU����Vd�,,U�eEdF��d�j� �̘C Ballard High School, Understanding Your Paycheck - Displaying top 8 worksheets found for this concept.. (1 point) 5. You will learn the "Rule of 72" and apply it to both investments and debt. Slide 4: Title Slide b. endstream endobj 60 0 obj <> endobj 61 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/Rotate 0/TrimBox[0 0 612 792]/Type/Page/u2pMat[1 0 0 -1 0 792]/xb1 0/xb2 612/xt1 0/xt2 612/yb1 0/yb2 792/yt1 0/yt2 792>> endobj 62 0 obj <>stream Approximately what percentage of a person’s paycheck is deducted? Slide 5: Planet Paycheck Navigation c. Slide 6: First Job! Student Lesson—Payroll Taxes and Federal Income Tax Withholding Tax Tutorial—Payroll Taxes and Federal Income Tax Withholding Simulation 1—Completing Form W-4 ... Answer: No, they are not required to report the tips for that month. Some of the worksheets displayed are understanding your paycheck my notes analyzing pay stubs 2 contents 20 min reading a pay stub reading a pay stub extension activity for managing money its your paycheck lesson 2 w is for wages w 4 and w 2 federal reserve bank of kansas city lesson plan 18 lesson plan one. • Lesson 2 (pdf) • Whiteboard (SMART/notebook) What amount will Ms. Kreeps receive on her paycheck? 3. This It's Your Paycheck Unit is suitable for 6th - 12th Grade. Pay Period February 2009 Directions: Answer the following questions to provide the information for the paycheck stub. Requires students to use reasoning, prior knowledge, and preconceptions to determine whether each paycheck s In order to do this, you'll need to provide your employer with a voided check from your bank account or your routing an… Concluding the Lesson . Example for calculating APR (less than a year long): Bob borrowed $500 to pay a bill. They read a scenario about a young person's use of a credit card and answer questions regarding repayment. from your paycheck. Economic Contributions of Native Americans to Washington State For Teachers 9th - 12th. ©2014, Federal Reserve Bank of St. Louis. SURVEY . GETTING PAID WORD PROBLEMS. Includes two rounds of questions, instructions, answer sheets, and keys. �p W���>�na h�bbd``b`�$�� �� Borden Junior/Senior High School, A word problem making money worksheet on hourly wages income payments. (2 points) 6. The Fine Print: Reading Your Pay Stub | Share My Lesson interpreting pay stubs 1. d. Slide 7 – 9: Starting a New Job a. Ballard High School, It's Your Paycheck Lesson 2 posted May 16, 2013, 5:57 AM by Mr T It's Your Paycheck Lesson 2 posted Apr 18, 2013, 6:58 AM by Jay Taylor [ updated Apr 18, 2013, 7:59 AM ] Answer the following Questions Before you begin your Paycheck Module 2 Lesson. What was the APR for Bob's loan? Sally’s paycheck deductions include: 6.2% Social Security, 1.45% Medicare, $116.25 Federal Withholding Tax, $39.44 State Withholding Tax, and $72.66 401K. The answer key is at the end of this Teacher's Guide. (3 points) 3. Credit history may affect your ability to obtain a job. The finance charge was $25, and the term was 7 days. Step 5: After students have completed the questions, use your copy of the Answer Key: Plan, Save, Succeed! Pay Period February 2009 Directions: Answer the following questions to provide the information for the paycheck stub. Acces PDF Understanding Your Paycheck Answers Understanding Your Paycheck Answers Recognizing the way ways to acquire this ebook understanding your paycheck answers is additionally useful. Lesson Planet.

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