Day 41

Lesson Objectives

  • Understand the value of entry-level jobs.
  • Identify valuable work attributes outside of your general skill set.
  • Explain the history and purpose of payroll taxes.

Assignment EU5.1

  1. Watch Video 5.1
  2. Record the missing words from pages 234-235 of the textbook as they pop up on the left side of the video screen by filling in this form.  (pages 234-235) .
  3. Discussion Questions:
    1. What are some valuable attributes you can acquire from your pre-career jobs?
    2. What is the average income of college graduates who find a job in their degree field? What about for college graduates who don’t find a job in their field?

Assignment EU5.2

  1. Inside of your Employment Unit folder, create a new folder titled Lesson 5.  All your tasks completed in Lesson 5 should be stored in this folder.

Assignment EU5.3

  1. Make a copy of this Google Document (Espanol), name it Payroll Taxes-(your initials), and move it into your lesson 5 folder.
  2. Watch this cartoon showcasing what the taxes were used for back when World War II was taking place. 
  3. After watching the video, answer the questions listed in the document.

Assignment EU5.4

  1. Make a copy of this Google Document (Espanol), rename it Calculating Net Pay-(Your Initials), and move it into your Lesson 5 folder.  Once you have completed it, use this audit to check your work.
  2. Make a copy of this Google Document (Espanol), rename it Calculating Time-(Your Initials), and move it into your Lesson 5 folder.  Calculate how many hours someone works by completing the document.  (If you need a refresher on these skills, go here).  Once you have completed the document, use this audit to check your work.

Assignment EU5.5

  1. Review the following terms:
    • Employee on-boarding: The process by which new employees complete necessary tax and employment verification documents; during this process, employees are also familiarized with company policies, culture and procedures
    • FormW-4(Employee’sWithholdingAllowanceCertificate):A federal tax form filled out by an employee to indicate the amount that should be withheld from his/her paycheck for taxes.
    • Tax exemptions: Amount that a taxpayer who meets certain criteria can subtract from a taxable income.  
    • Personal allowances worksheet: This worksheet (located at the top of your W-4) allows you to further adjust your withholding allowances based on itemized deductions, certain credits, adjustments to income, or two-earners/ multiple-jobs situations.  
    • Form I-9 (Employment Eligibility Verification): The purpose of this form is to verify the identity and employment authorization of individuals hired in the United States. This includes both citizens and non-citizens. 
  2. Make a copy of this Google Sheet, name it W-4-(Your Initials), and move it into your Lesson 5 folder.  Provide your own information that is asked of you by filling in the grey boxes.  For information like your Social Security number, use 123-45-6789.