Preparing Tax Forms

EQ - How do I prepare a simple tax return?

1. Review yesterday's material
1. Vocabulary
2. W-4 Purpose
3. Analyzing a Paycheck
2. Background Reading (p. 147-150)
3. Preview Look at Forms
1. 1040EZ
2. W-2
4. Preparing to File
1. Who?
2. When?
3. How?
5. A Closer View of the W-2
6. Completing the 1040EZ

Analyzing a Paystub

EQ - How does Form W-4 help us analyze our paystub?

1. Continuation from last class - Where does our money go?
2. Activator: What are some other things you might want to have deducted from your paycheck?
3. Vocabulary Preview
1. W-4 Form 
2.  Allowances
3. Dependents
4. Understanding Your Paycheck PPT
1. Important Facts
2. W-4
3. Reading a Paystub
4. Analyzing a Paystub
5. Assignment - Analyzing a Paystub
6. Assignment Review
7. Assignment 2 - Completing W-4

It's your paycheck

Where does your money go? Part 2

EQ - Where does your money go?

1. Knowledge Check: Complete the problem on the board
2. Recap yesterday's lesson
3. Breakdown of One Federal Tax Dollar
4. Breakdown of State Tax Dollars
5. Class Discussion

*At 1:30 we will be viewing Obama's Speech to American Students*

Where does your money go?

EQ - Where does your money go?

1. Activator: Complete the problem on the board
2. Recap yesterday's lesson
3. Webquest Handout
4. CLICK HERE for the Webquest
5. Class Discussion

Paychecks

EQ - How are paychecks tabulated?

1. Activator: Hourly wages
2. Vocabulary Preview
1. Gross Pay, Net Pay, Wages, Taxes, Deductions
3. Pay Stub Outline
4. Practice Payroll
5. TOD - What is your opinion of the tax level?
   

SMART Goals Unit Exam Prep

EQ - How are SMART goals applied to financial decisions?

1. Review TOD
1. How does opportunity cost impact SMART Goals? 
2. Analyze 1 of your SMART Goals and identify the opportunity cost/costs of achieving your goal.
2. Q&A for Quiz
3. Quiz
4. Instant Feedback
5. Unit Exam Prep

* Unit Exam Monday*

Assessing My Goals

EQ - What are my SMART financial goals?

1. Activator:  A look back to your Life Map
• Where do you want to end up?
• How are you going to get there?
2. Your opening day note cards
3. Analyze your first day financial goals
4. Rework those goals to make them SMART goals
5.  Sharing our SMART goals
6. TOD - Explain your opinion on using the SMART goal setting strategy when creating your personal financial goals

EQ - How does opportunity cost affect our decisions?

1. Activator: Gas Prices
2. Calculate the Savings
3. Discussion: What can we do with that extra money?
4. Introduction to Opportunity Cost
1. Examine your choices
2. Weighing the benefits
3. Making Your decision
4. Identifying the opportunity cost
5. Discussion Question: What are the benefits and opportunity cost of spending your income today?
6. Discussion Question: What are the benefits and opportunity cost of saving some of your income?
7. Analysis - College v. Entering the workforce
8. Application: Complete "A Tale of Two Savers"
9. TOD/Homework - 
1. How does opportunity cost impact SMART Goals? 
2. Analyze 1 of your SMART Goals and identify the opportunity cost/costs of achieving your goal.

*Unit Exam Monday*

SMART Goals

EQ - How are SMART goals applied to financial decisions?

1. Activator: Rolling the dice of life
2. Introduction to Goal Setting(with PPT)
• Financial v. Educational Goals
• Short-term and Long-term goals
• SMART Goals
3. Identify the missing elements
4. Knowledge Check
5. Team Practice

Unit Exam

EQ - How will career development impact my personal finances in the future?

1. Q & A
2. Exam begins at 12:50 
3. Preview Chapter 20
1. Identify key vocabulary
2. Define the terms
3. Read the chapter
4. Summarize your reading in 1 to 2 paragraphs
4. If time permits - Read this

EQ - How do I apply for free money for college?

1. Activator: In 140 characters or less - What would an extra $1,000 for college mean to you?
2. Recap Making College Affordable Lesson
3. Quiz
4. Scholarships @ Donegal
5. Apply for 1
6. Create a study for next class (Unit Exam)

*Unit Exam next class*

Making College Affordable

EQ - How can students afford college?

1. Activator: Income Dilemma
2. You're Going to College....Now What?
3. Jigsaw - Methods to pay for college
• Grants
• Loans
• Scholarships
• FASFA
4. Discussion - Calculating your need
5. TOD - In your opinion, what is the best means to help afford college?  Justify your response by using what you have learned in class.

Career Research Project

EQ – How can understanding a career pathway help me achieve my financial and career goals?

1. Team Knowledge Check
2. *Handout* - Project Directions
3. Login to www.careercruising.com (same as yesterday)
4. Click the "Assessments" Tab at the top of the page
5. Complete Matchmaker (3 sets of questions)
6. Complete Skills Assessment
7. Selec
8. Introduce Career Poster Project & Presentation
9. Career Cruising website information 
10. TOD – One Paragraph response

Career Poster Project & Presentation

The Impact of Education on Income

EQ -  What impact does one's education have on income?

1. Activator: Build a Tree
2. Advanced Organizer
3. Introduction to Career Planning
• Lesson Guide
4. TOD - 2 To Go
1. What are the most important factors to you when choosing a job?
2. What impact does one's education have on income?

*If time permits, we will access www.careercruising.com

Does money grow on Trees?

Factors of Job Selection

EQ - What can be done to help you determine if a job is right for you?

*We will begin by sharing Life Map presentations*

1. Activator: Brainstorm Important features of a job (List on board)
2. Key Terminology
3. Decision Matrix
4. Create a Decision Matrix for Career Factors

EQ -  What impact does one's education have on income?

Factors to consider in job selection

1. Activator: Build a Tree
2. Advanced Organizer
3. Introduction to Career Planning
• Lesson Guide
4. TOD - 2 To Go
1. What are the most important factors to you when choosing a job?
2. What impact does one's education have on income?