Warm up:
Finish your weekly meal plan and shopping receipt.
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Warm up:
Grocery Receipt Activity Complete the Weekly Meal Plan
Make your grocery list and track all prices.
Warm up: Come to class
Sales tax, discounts and unit cost Sales tax: Colorado-2.9% La Plata County-2% Durango-3% Total city tax is 7.9% Sales Tax, Discounts and Unit price worksheet Warm Up;
Food activity! Cost of unit versus sales price. What is the retail price? What is the unit price? Which is the better deal? Which do you choose? Compare five items in each of the Albertsons and City Market weekly circular ads to Walmart.com and figure the cost per unit. Which one is a better deal? List all five in your journal with the better deal identified. Warm up: Co,e to class
Find three rentals and write the details of each in your journal. The Durango Herald or a newspaper in your city is a good place to start. www.apartments.com
Electronic budget Record your monthly revenue and your new rent cost in the electronic budget. Share it with me. Warm up: What are some differences between writing a check and using a debit card?
Check writing and register activity. Use this check register (make a copy and share with me) to record the four checks you write and your monthly expenses. Keep a running balance of how much money you have! Include the following in your register:
Warm up: Come to class
Finish up the checking transaction worksheets. Warm up: Come to class
Compelte the checking transaction worksheet. Warm Up: Come to class Budget Activity Use this budget. Use your pay stub to determine your monthly take home pay. Your net (take home pay)after taxes x 2 = monthly take home pay.
Warm up: Come to class
Complete your Pay Stub with all of the information requested. Personal information, federal, medicare, social security and state taxes. You will need your annual salary for this activity and to know that you are paid bi-monthly or two times per month. Annual salary / # of pay periods Federal Tax Calculation Example: Determine tax, take-home income, and effective tax rate for $200,000 # Range Money in Bracket Tax rate Tax Paid 1 $0-$9,700 $9,700 10% $970 2 $9,701-39,474 $29,773 12% $3,572.76 3 $39,475-84,199 $44,724 22% $9,839.28 4 $84,200-160,724 $76,524 24% $18,365.76 5 $160,725-204,099 $39,275/ $43,374 32% $12,568 Total Tax Paid: $45,315.80 Cumulative Tax rate: 22.65% $45,315.80/$200,000 Example: Monthly gross pay: $4,707 Subtract any W-4 allowances (2): ($667) Adjusted wage: $4,040 From % withholding table(p22) ($192) $3,848 This is your Colorado taxable income Multiply by 4.63% x .0463 $178.16 Actual amount of withholding per month
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AssignmentsWage Worksheet Pueblo Community College Application Apply by 09/03
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