September 25

Hi Class,
Today in class we went over the homework for last class, including the 1040EZ. Those who completed the 1040EZ on their own received 5 extra credit points.

We also discussed Retirement accounts.

PowerPoint:
http://www.scribd.com/doc/328193/Life-skills-Sept-251


Homework tonight
Review questions Chapter 6, Lesson 9
Worksheet http://docs.google.com/Doc?id=df5pkggb_205gmttr2
Study for test on Thursday
Topics for test:
FICA- What does it pay for, how much of your income is deducted, employer portion, self employed, is there a income cap
Medicare- What does in pay for, how much is deducted, employer portion, self employed
Income Tax : What does it pay for
Form W-2: How to find the information, use to complete a tax form
Form W-4: Complete the form
Read an Earnings Statement
Complete Form 1040EZ
What are the differences between CD'S, IRAS, Tax-deferred savings plans, and savings bonds.