Week#26 3/3/08

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Work Schedule 2/26/08

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Tues:2-close
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Basic Math

Suppose you bought an exercise machine for $161, books for $36,CD's for $32, and a watch for $45.If the states sales tax is 4%,how much did youy spend?
161
36
32
45=274*4%=10.96

Chapter 23 key concepts

2. Which of the following is not a characteristic of a fixed system?B tax rules are clear and simple
3. You'll have to pay additional income tax if. C did'nt recieve a W-2
4. Socail Security taxes are paid by ?C both workers an demployers
5. Which one of the following benefits is not part of Social Security?
B survivors' benefits
6. One reason why the Social security system is in trouble is that.B birth rate is declining

Chapter23Vocab

IRS:agency that collects federal taxes and oversees the federal tax system
Withhlod:take out money from your paycheck to pay income tax due on your wages
income tax return: a form that shows how much you earned from working an dmade from other sources
Exemption:a fixed amount of money that is excused from taxes
deduction:an expense that you are allowed to subtract from your income.
Work credits:are measurements of how long you've worked.
Disabled worker:someone who can ont work cause of enjury
Medicare:benefits that are for health insurence
unemployment: not working
Workers'compensation:money paid to workers who are hurt