Form W-4 (2013)
Purpose. Complete Form W-4 so that your
employer can withhold the correct federal income
tax from your pay. Consider completing a new Form
W-4 each year and when your personal or financial
Exemption from withholding. If
Report to room 253
(Computer Lab) this Friday
Computer Lab Rules
and next Tuesday
Be on time to class.
No food or drink in lab.
Connect ONLY to Edline and linked
financial websites (no youtube,
gaming sites, etc).
No IPODs or listening to music via
With a partner create a list of 5 things that meet the criteria of each of the three headings.
Things you can do to IMPRESS the interviewer (your possible boss).
Things that may make a BAD impression
How much do I owe in Federal Taxes?
We all know you have to take taxes out of your gross pay. What types of taxes are taken out?
Federal Income Taxes the tax rate depends on the following:
State Income Taxes the tax rate depends on the following:
FICA Tax and Net Pay (WS #1)
Compute the weekly earnings, the Federal Income Tax Withheld, the FICA tax, the total deductions and the net pay for each of the following
employees. Any worker who works overtime will earn
Use the intemet to explore the following terms and answer the questions below. The
following websites may be useful.
ht_tg:r/www.nyse.comfpdfs\lYSE p_osterA Mechpdf
W-4 Case Study (Day #1)
The W-4 form helps you determine how much money your employer should withhold
from your paycheck to help pay for your Federal Income Tax. This form should be
completed when you obtain a new job as
W-4 Case Study
Read the following case studies. Then, accurately (and neatly) fill out the information
that is asked for in lines 1-4 (bottom of the page). Then, return to the middle of the page
and complete the section entitled Personal Allowance
Quantitative Literacy ___________
Stock and Stock Market
What wordsfideas come to mind when you hear the phrases z'nvesting in the stock
martket andx'or stocks" ? Write as many words or phrases as you can. _ ' ' _
What would you like
Answer each of the following questions. Answers can be obtained by reading the information on the
website www.ssa.gov/pubs/10024.html .
1) Approximately how many people work and how many receive monthly Social Security benefit