budgets
Give one example of an asset and a liability.
assets- savings account, checking account, cash, any money you have, any item you own
liabilities- debts, loans, any money you owe, money given to charity
What is the difference between net pay and gross pay?
Gross pay is what employees earn before taxes, benefits and other payroll deductions are withheld from their wages. The amount remaining after all withholdings are accounted for is net pay or take-home pay.
Whats a W-2 and W-4?
A W-2 is a form the employer fills out each tax year to record how much an employee was paid and how much tax was withheld.
A W-4 is a form the employee fills out upon hiring to let an employer know how much to withhold from their paychecks.
Do you use brackets or parentheses when notating ∞
parentheses
how many years does it take to get a bachelor's degree
4 years
How do you calculate someones net worth?
total assets - total liabilities = net worth
weekly- 52
bi weekly- 26
when do w-2 get sent out?
by January 31st
what is 41% of what is 35?
85.37
what are ms. dolans kids names
grace and carly
What is the difference between salary and wages?
A salary is when you pay employees the same amount each pay period regardless of how much they work. In contrast, a wage is an hourly rate you pay employees based on how much time they put in during a pay period.
How many states have no state tax? Can you name the States?
8
Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming
How many steps are there to filling out a w-4?
5 steps
factor this
x2 + 8x + 7
(x+1)(x+7)
When was the declaration of independence published?
July 4, 1776
what is the 50/30/20 budget rule?
you divide your income into three categories, spending 50% on needs, 30% on wants, and 20% on savings.
what taxes are always taken out of paycheck in Massachusetts
(bonus!!! what percent is taken out for each type of tax)
Social Security- 6.2%
Medicare- 1.45%
Massachusetts State Tax- 5%
What are the different filling statuses?
Single, Married filling separately, Married filling jointly, Head of House Hold.
solve for m:
−2(2m + 7) = −28 − 6m
m=-7
When was our school founded?
1648
if you have $5,000 in your checking account, $100 in your wallet, you've given $200 dollars to the Children's Charity owe $6,000 in student loans and have $20,000 in your savings account, What would your net worth be.
$18,900
when were taxes invented?
The financial requirements of the Civil War prompted the first American income tax in 1861. At first, Congress placed a flat 3-percent tax on all incomes over $800 and later modified this principle to include a graduated tax.
How many tax Brackets are there? bonus if you know what they are!!
Seven Brackets
10%, 12%, 22%, 24%, 32%, 35% and 37%
what number is equivalent to 3^4/3^2
9
when is my birthday?and what is my zodiac sign?
july 1, cancer