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Learning Log 3:

Working hard for the money

3.2 Tax Glossary Quizlet

James, A. (2019, June 26). FMCS 365: Tax Glossary. Retrieved from https://quizlet.com/413245873/fmcs-365-tax-glossary-flash-cards/

3.3 Tax Simulation

IRS, The Quick and Easy Way to Understand Your Taxes: Simulations. Retrieved June 25, 2019, from https://apps.irs.gov/app/understandingTaxes/student/simulations.jsp

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I did simulation number 13: Completing a tax return as the head of household. Form 1040A is used, and it is necessary to review the W-2 form while going through the process. The site asks questions about the dependent and yourself to make sure you are eligible and to make sure it is the right form for you.

3.5 First PayDay Social Media Poll

James, A. (2019, June. 26). Numbers. Apple App Store. 

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"Did you have difficulty reading your first pay stub?"

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"If you had difficulty reading your first pay check, which part?"

What surprised/angered you about your first paycheck?

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Seeing what 100 people of the general population has to say might help those new to employment for a few different reasons. It can get them prepared for what they might see on their future pay stub, what they have to look forward to, or encourage them to learn about their job in advance. This can then trigger them to ask questions before or during the interview, so they know what to expect financially. 

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