2. Presented by: Insert Name(s)

3. First Day of Work What is Form W-4?
Most important form you’ll fill out at work.
Affects how much money you take home in each paycheck.
Understand it and fill it out correctly.

4. What are all these deductions from my paycheck?
PAYDAY
What are all these deductions from my paycheck?
GROSS PAY
The total amount of money earned before any deductions are made.
NET PAY
The amount left after all deductions are taken out of the gross pay.

7. You are single with one job
Filling Out Form W-4
Example:
You are single with one job

8. Do you need help with your W-4?
If so, visit
Need 2016 form

9. Worksheet 1
Need 2016 form

10. Questions 1. What is gross pay?
The total amount of money earned before deductions are made.
2. What is net pay?
The amount you earn after all deductions are made from gross pay.
3. True or False?
Your paycheck= Total hours worked x rate of pay?
False, deductions must still be made.

11. Questions Continued 4. Name 2 mandatory deductions. Federal income tax
State income tax
Local income tax
Social Security tax
Medicare tax
5. Name 3 other deductions.
Life insurance
Disability insurance
Medical insurance
Dental insurance
Retirement savings plan
Contributions to charity

12. Calculating Paycheck #1
Imagine you are a new employee at Foo Foo Gourmet Coffee Shop.
Employees at Foo Foo are paid weekly.
You’ve claimed single and one allowance on your Form W-4.
You’ve worked 40 hours this week at $10/hour.

13. Calculating Paycheck #1

14. Calculating Paycheck #2
Imagine you are a new assistant manager at Foo Foo Gourmet Coffee Shop.
Employees at Foo Foo are paid weekly.
You’ve claimed single and zero allowances on your Form W-4.
You’ve worked 40 hours this week at $11/hour.

15. Calculating Paycheck #2

16. Go Green With Your Green
Getting Paid
Go Green With Your Green
1. Use Direct Deposit
2. Don’t have a bank account? Ask your company to pay you with a Paycard.

17. Make sure this information is correct once we receive the workbook

18. Questions
1. Should Bobby ask to be paid differently if he opens a bank account while working for the coffee shop?
Yes, he should ask to be paid by direct deposit.
2. Valerie just opened a bank account and started working for a local restaurant that offers paycards and direct deposit. How should she ask to be paid?
Should we try to condense slide 18 & 19 in to one slide?
Direct deposit

19. Questions
Continued
3. Emily doesn’t have a bank account, but her boss says she can only be paid by paycard or direct deposit. How should she ask to be paid?
Paycard

20. What state do you live in?
Minimum Wage
The federal minimum wage is $7.25 per hour.
What state do you live in?
If you live within one of those 30 states, you get paid the higher state amount.
Update the bullet point once we have correct information

21. Minimum Wage Continued
Update correct information once workbook is final

22. Log on to www.NationalEducationDay.com for more information.