January 29, 29, February 1 and 2, 2016

Students work in the lab on the first parts of the Final Project (link on this page).  The Career Summary and Tax Worksheet are due at the end of the class wither February 1 or February 2.


January 15 and 19 – 21, 2016

Students learned how to complete federal income tax forms 1040 EZ and 1040 A.

Read pages 352-360 in Financial Algebra

Assignment: Financial Algebra, p. 361-364, Problems 3- 11 odd, then 13-15.  Use form 1040 EZ for problems 9 and 11.  During the second class we will use form 1040A for problems 13 – 15.  Tax tables can be found in the instructions for the forms online – google 1040EZ Instructions

January 13 and 14, 2016

Objective: Students will be able interpret orally and  in writing the relationship information on a pay stub, W-2 form, and 1099 using correct content vocabulary(gross pay, net pay, take-home pay, paycheck pay stub, withholding tax) with the supports of real-life examples and small groups.

Read pages 344-348 in Financial Algebra

Assignment: Section 7.3, Pg. 349 #2,3,4,6,7,8,10,13

January 11 and 12, 2016

Objective: Students will be able explain in writing the relationship between mathematical (algebraic equations) and the tax computation worksheet tax rate schedule and correct content vocabulary(equations, tax schedule, tax worksheet) with the supports of real-life examples and small groups, tax worksheets, and tax schedules.

Read pages 335 to 339 in Financial Algebra

Assignment:  Section 7.2, Pg. 340 #3,4,5,9 and 14

January 7, 2016

Welcome back to school!

Today we welcomed new students to class.  If you are new to Personal Financial Literacy, take a copy of  the class syllabus, review it with your parents and return it by Friday, January 10.

Objective: Students will be able express in writing how to compute federal income taxes, using tax tables, tax schedules, and correct content vocabulary(taxable income, tax, single, married filing jointly, married filing separately, head of a household), given the sentence frame with the supports of real-life examples and small groups, tax tables, and tax schedules.

Read  pages 328-331 in Financial Algebra.

Assignment:  Section 7-1, P. 332 #2 – 6, 9, 11, 14