week 25

Monday 2/25 4-9:30

Wensday 2/26 4-8

Thursday 2/27 4-8

friday 2/28 4-9

Saturday 5-10:30

Sunday 11-3
4-6

Basic math

11. I added up all the items together and got 284 then i mulitpled it by 0.4 % and got 322.64

chapter 23 key concepts

2. Which of the following is not a characteristic of a good tax system.
(c) Taxes are collected at the beginning of each year.

3. You'll have to pay additional income tax if
(a) your employer withholds too little tax

4. Social Security taxes are paid by
(c) Both workers and employers

5. Which one of the following beneifits is not part of social security
(b) Surivivors benifits

6. One Reason why the socia lsecurity system is in trouble is that
(b) The Birthrate is declining

Review 23.2

1. Why is it important to build up work credits? So that you can earn social security benifits if needed.

2. Why is the program of benifits discussed in this section called social security? Because the money they take otu of your checks is called social security and that what is goes to

3. What may happen to social security by the time the retire? if the system hasnt changed. I think that there may not be any money left for it.

Review 23.1

1. List Five characteristics of a good tax system.

• It should be fair
• Tas laws should be clear and simple
• Taxes should be collected at a convenient time
• a tax system should be stable
• A tax system should be flexible

2. How does the amount of money you earn and the amount you withheld determine whether you owe income tax? Because if you make more money then they take otu more txes and if you didnt pay enough your the right amount then you may owe

3. How will understanding such terms as exemption, dependent, and deduction help you complete a tax return. Knowing these terms will help you know if you qualify for them and will help get all the money you need back

Chapter 23 vocabulary

IRS-is the agency that collects federal taxesa and oversees the federal tax system.
Withhold- to tak out money form your paychecks.
Income tax return- is a form that shows how muc hyou earned form working and made from other sources.
Exemption- is a fixed amount of money that is excused form taxes.
Deduction- is an expense that you are allowed to subtract form your income.
work credits are measurments of how long youve worked
Disabled worker- is someone that cannot work because of physicla or mental condition.
Medicare- is a type of health care for people that need to hospitalized or other medical care
Unemployment insurance- is paid to pelple who have lost their job for somehing that was not their fault.
Workers compensation-are benifits are paid to workers that where injured on the job or to a dependent of a workers killed on the job

My Career

If i had to pick a career my career would be a crime scene detective/forensic science. My second choice would be a ER surgeon and my third would be a plastic surgeon. The reason i like the choice of fields is because they all help people in some way and they make a lot of money. Why not help someone at the same time make alot of money.

week 23 Work Schedule

2/11 4-8
2/12 No work
2/13 4-8
2/14 4-8
2/15 4-9
2/16 11-3
4-9

Chapter 20 Recalliing key concepts

The First step in planning your budget is to identify your finacial goals
You should file your bills as you recive or pay them
One way to yourself stay withen your budget is to track your spending
personal changes that effect your finances include recession
Inflation, Recession,and unemploymentare all examples of economic change
You can usually receive free or low cost help for finacial problems from government publications.

Chapter 20 Vocabulary

Budget- is a plan for saving and spending money based on your income.
Record keeping- organizing and maintaining records of your income and spending
Finacial responsibilty-when you get older you have more responsibilties and this is one