• Tax Brackets

    Posted by Kurt Waldner on 1/24/2020

    Today in class, we watched the tax bracket video on calculating how much tax is owed again to refresh our memories.  We then used the majority of class to work on four examples (three single people and one married filing jointly).  Making the work area with the percentages and the amounts is very helpful.  We will have a small quiz early next week on overdrafts and tax brackets.

    For homework, review your notes.  Have a wonderful weekend.  GO LIONS!!

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  • Tax Brackets

    Posted by Kurt Waldner on 1/23/2020

    Today in class, we took a quick student checkup (post graduation plans, any topics to review, any future topics.  I listed the majority of the topics we still need to cover on the board.  We then watched a quick video on taxes and then worked through two situations for determining the amount of tax owed.  This process was similar to commission.  We will work on four problems tomorrow covering the same concept.

    There is no homework.

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  • Online Banking and Overdraft

    Posted by Kurt Waldner on 1/22/2020

    Today in class, we returned and discussed the online banking account activity and the overdraft worksheet.  The majority of material that we discuss requires students to be careful and aware.  Banking is not a difficult concept;  however, it does require close attention to the details.  Tomorrow, we will move on to another financial topic.

    There is no homework.

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  • Online Bank Simulator

    Posted by Kurt Waldner on 1/21/2020

    Today in class, we walked through the process of the online bank simulator.  Obviously there is nothing better than experiencing banking in real life but this simulation provided a pretty accurate depiction of many online situations users will encounter.  Tomorrow, we will wrap up the overdraft portion of banking.

    There is no homework.

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  • Overdraft

    Posted by Kurt Waldner on 1/17/2020

    Today in class, we wrapped up the overdraft conversation.  This is a critical component of a bank account that, if overlooked, can really affect the standing of the account.  Not only does the amount of the overdraft matter but the method that it is processed.  We completed six different scenarios with two different banks.  We will go over the results of all the activities on Tuesday.

    There is no homework.  Have a wonderful long weekend.  GO LIONS!

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  • Overdraft Analysis

    Posted by Kurt Waldner on 1/16/2020

    Today in class, we completed and discussed the Overdraft Analysis.  Students need to be cognizant of the amount of an overdraft, the maximum number of potential overdrafts, what is considered for overdrafts, and how the transactions are processed by the bank.  All of these play a role in how much overdraft is charged.  Tomorrow, we will look at how the order of the transactions can change the cost at one bank.

    There is no homework.

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  • Overdraft...Be Careful

    Posted by Kurt Waldner on 1/15/2020

    Today in class, we started to go over the Online Bank Account activity.  We actually started at the ending balance and looked at how many overdraft fees each student "earned".  The timing of the payments and the order the bank uses for transactions makes a difference in how many overdrafts (and ultimately how much) are assessed.  Students were given the attached handout (here) and we started to work on determining different amounts of overdrafts for different banks.  We'll continue tomorrow.

    There is no homework.  

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  • Catch Up Day

    Posted by Kurt Waldner on 1/14/2020

    Today in class, students were given the chance to catch up with any work needed for class.  In most cases, the students needed to finish the Online Banking Account activity.  We will go over the results tomorrow.

    There is no homework.

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  • Finished Simulator

    Posted by Kurt Waldner on 1/13/2020

    Today in class, we finished with the Online Banking Simulator.  We will discuss the solutions tomorrow.

    There is no homework.

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  • Simulation

    Posted by Kurt Waldner on 1/10/2020

    Today in class, we continued to work on the bank simulation.  We will finish this on Monday.

    There is no homework.  Have a warm weekend.  GO LIONS!

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