- Describe factors affecting take-home pay.
- Identify sources of personal income.
- Identify different types of taxes.
- Be familiar with various documents for reporting taxes.
- Analyze the costs and benefits of paying taxes and the cost of government services.
- Read pages 243-245.
- Discussion Questions:
- List the three taxes on income.
- What programs does the FICA tax fund?
- List the various types of income?
- What are the costs and benefits of paying taxes?
- Make a copy of this Google Document, rename it Taxes-(Your Initials), and move it into your Chapter 11 folder.
- Read the directions in the attached document to complete this assignment.
- In your Personal Finance Journal-C11 file in your Chapter 11 folder, complete the next row in the table by answering the question listed.