Assignments for Monday, May 4

In your Finance Park Book ... calculators may be used on all of these assignments
#9) Calculating your NMI, pg 78
Note: this assignment looks next-to-nothing like the assignment that is in your book.  Follow these steps (that we went over in class today) carefully!  Cross out the lines we are not using and write in those that we are.  I need to be able to follow your table.
Your table for calculating your NMI should now look something like this:

Job Title	Gross Annual Income	Work column	Totals: GMI
Your job title	Your GAI		Your Gross Monthly
Federal tax withheld: use 15% of your GMI		Your Federal tax amount	GMI minus Federal taxes
Social Security tax withheld: use 12.4% of your GMI		Your S.S. tax amount	(GMI -  Fed) – S.S.
Medicare tax Withheld: use 2.9% of your GMI		Your Medicare amount	(GMI – F – SS) - Medicare
Kid Credit:  use # of kids x $88 and add back to your GMI		Positive amount added back in for your kids.	(GMI – F – SS – Med) + k.c.
NMI			Your Net Monthly Income

Your NMI will be used repeatedly over the next few weeks.  I will check it IN CLASS tomorrow and you'll be good to go.
*Do you remember the difference between a GAI, GMI, and NMI?  You should!
Due Tuesday 
#10) Debit/Credit pg 56
For this assignment you will earn two points: 1 for defining a credit card and the other for defining a debit card.  You may use your parents or your FP book as a resource.  I do not recommend the internet, because being able to ask questions while you summarize your findings is helpful to the process.
#11) Write a Check, pg 57
You will use the scenario from #2, page 58 to complete this check.
FOLLOW THE DIRECTIONS on the page for writing the check ... your grade will be an indicator for your ability to follow these directions based on using the scenario from #2: your life, your family.  That's all I'm going to tell you about this one!  Get help from your parents, who do know how to write checks, if you still need it.  ;-)
#12) Check Registry, pg 58 - 59
You will use the information on page 58 to complete the check register on page 59.
Fill in the lines as you go: you will need a running balance down the right column.  Again, your parents know how to track this information.  The important thing is that you are a) accurate and b) indicate profits and losses accordingly.
*remember how bad Mr. Gacek was with his money during the negatives unit?  He must not have kept track of his balance!
Due in later May, but work to keep up!