This module identifies the different types of taxes and how taxes impact our finances.
Sample Pay Stub: https://lrccd.instructure.com/courses/159612/files/33420065/preview
Question 5:
Look at the lines that say HEALTH, DENTAL, and RETIREMENT. Which statement below is accurate?
a. Those lines represent taxes that Hope paid to the Federal government
b. Those lines represent taxes that Hope paid to the state government
c. Those lines represent benefits that the employer is paying to Hope in addition to her wages
d. Those lines represent insurance and retirement plans that Hope funds directly from her paycheck
This module identifies the different types of taxes and how taxes impact our finances.
Sample Pay Stub: https://lrccd.instructure.com/courses/159612/files/33420065/preview
Question 4:
What was the largest deduction for this pay period?
a. FICA Medicare Tax
b. FICA Social Security Tax
c. Federal Tax
d. NC State Tax
This module identifies the different types of taxes and how taxes impact our finances.
Sample Pay Stub: https://lrccd.instructure.com/courses/159612/files/33420065/preview
Question 3:
Which statement below accurately describes Hope's gross wages?
a. Gross wages are calculated by multiplying Hope’s hourly rate by the number of hours she worked
b. Gross wages are Hope’s fixed salary, which she receives for every pay period
c. Gross wages are calculated by subtracting all of Hope’s deductions from her gross income
d. Gross wages are how much Hope has earned over the course of the entire year
This module identifies the different types of taxes and how taxes impact our finances.
Sample Pay Stub: https://lrccd.instructure.com/courses/159612/files/33420065/preview
Question 1:
About how frequently does Hope receive a paycheck?
a) Daily
b) Weekly
c) Every two weeks
d) Monthly
Instruction: Complete the Reading a Pay Stub interactive.
Extra Direction: Answer the following question as if you were a sophomore (15/16 years old) and learning about personal finance.
Link: http://www.tv411.org/finance/earning-spending/reading-pay-stub/activity/1/1
Question: Was any information from the interactive surprising to you?
Most Americans do not know where our federal tax dollars go. The textbook chapter has a great link to an article on Federal Taxes
Context Link: https://www.cbpp.org/research/federal-budget/where-do-our-federal-tax-dollars-go
Please read the article and identify one federal tax item you feel is the most important item that should be paid by your tax dollars. Please provide the reason why you selected this item as the most important.
When alice went to theatre she had to choose between romantic and action movie.she decided to watch romantic movie.Did alice face any scarcity in this situation?economically,what conclusions can be withdrawn from alice choice of romantic movie over action movie?
A racing car is traveling along a horizontal track. The car, starting from rest accelerates uniformly at 4.50ms-2 for 15s when it reaches maximum speed. It then travels at this speed for 20s before deceleration uniformly at 5.60ms-2 until it come to rest.
I. Determine the maximum speed reached by the car
Ii. Determine the distance travelled by the car before reaching maximum speed
iii. Determine the time taken for the car to decelerate form it’s maximum speed and comes to rest
iv. Determine the total distance travelled by the car
An aero plane is attempting to fly in a direction towards the east at a speed of 650kmh. A steady wind of speed of 90kmh is blowing from the north towards the south across the path of the aero plane. Determine the velocity of the plane with respect to the ground
The first term of a geometric series is 9 and the ratio of the sum of the first eight terms to the sum of the first four terms is 97:81.
Calculate the first 3 terms of the sequence it is given that all the terms are positive.