This is the amount of money you earn before taxes and deductions.
Gross pay
This is a plan for how you will spend and save your money.
Budget
If your Gross Pay this week is $1255, but your deductions are $323, how much money do you take home? (Net Pay)
$932
What favorite number do we have in common
13
This is the amount of money you take home after taxes and deductions.
Net pay
In the 50/30/20 budgeting rule, what percentage is recommended for savings?
20%
$2400
What are our first and last names?
Jose Vejar Galvez and William Estrada
This is what "YTD" Stands For
"Year to Date"
Rent, groceries, and transportation are examples of these costs. (think of monthly _____)
Expenses
Your hourly wage is $17.50 and hour. How many much would you make if you work 40 hours a week for two weeks?
$1400
Where are our families from? (1 country per teacher)
Mexico and Guatemala
This deduction helps pay for education, teacher salaries, and roads.
State Income Tax
An increase of production costs and demand causes this phenomenon to happen
Inflation
What percent of Jame's YEARLY income went towards deductions?
29.98%
What class did both of us teach last year that we don't teach this year?
Algebra 2
This deduction helps fund Social Security and Medicare.
FICA
This budgeting strategy recommends that you decide where EVERY dollar goes. No dollar gets left unassigned.
Zero-Based Budgeting
Of his deductions for this pay period, what percent went towards Social Security Tax?
16.28%
How many concerts have we been to in total?
26