Day 15 - Politics, Paychecks, & Taxes

Standard 3 LESSON OUTLINE

Regulation E is a huge law that covers a lot of the class. This introduces the law but we will re-reference it throughout the course.

I-9 is for eligibility to work (NOT citizenship)

In a couple of class periods you will complete a W-4 as part of the IRS Simulation

1. Personal Spending Record - (Two-week assignment of tracking your expenses)

2. Video: Zootopia Compulsory Taxes

3. 01 Paychecks and Tax Forms PRESENTATION

   1. Define the terms:

      1. FICA

      2. Social Security

      3. Paycheck

      4. Direct Deposit

      5. Payroll Card

      6. Regulation E

      7. Dependent

      8. I-9

      9. Gross Pay

      10. Net Pay

      11. Deductions

      12. Withholding's

4. (Journal Questions 1-) Wd-$0

   1. Got Skills? – Check... Got Job? – Check... Got W-4? – What? Wait, how the… If you’re 30 or younger you are going to go through a lot of these. Here’s how to correctly complete a W-4.