Ch. 23 Creative Business Practices

1. Why is this company closed on Sunday's?
- so that the empolyees could rest, and spend time with their family and friends
2. When did the founder make the decision to close on Sunday's?
-1946
3. What does the founder's son (the bald man that comes out and talks) like to say why they close on Sunday's? (hint: watch the video; if it doesn't work in the lab be sure to tell me that in your post)
- "I like to say were close on sunday to give or operaters and team members a time to rest which make our food better on mondays"
4. How long has this company been in business?
-over 40 years
5. Other than serving fresh and delicious food, what else does their mission state that they strive to do.
- promoting communitys through sponsorships, programs for kids
6. Is this company a franchise?
- Family owned

Week # 25

Mon 4 to 11
Tues 4 to 11
Wed 4 to 11
Thrs off
Fri off
Sat 7 am to 3 pm
Sun 7 am to 3 pm

cH 23 Recalling concepts review

Basic Math

Suppose you bought an exercise machine for $161, books for $ 36, CD’s for $32 and a watch for $45. If the state sales tax is 4 percent, how much did you spend?First, you add up all the prices. 161+36+32+45= 274Then you multiply it by the percentage.274*.04=10.96Next you add that to the original total.274+10.96=284.96

Chapter 23 Vocbulary

IRS-is the agency that collects federal taxesa and oversees the federal tax system.
Withhold- to tak out money form your paychecks.
Income tax return- is a form that shows how muc hyou earned form working and made from other sources.
Exemption- is a fixed amount of money that is excused form taxes.
Deduction- is an expense that you are allowed to subtract form your income.work credits are measurments of how long youve worked
Disabled worker- is someone that cannot work because of physicla or mental condition.
Medicare- is a type of health care for people that need to hospitalized or other medical care
Unemployment insurance- is paid to pelple who have lost their job for somehing that was not their fault.
Workers compensation-are benifits are paid to workers that where injured on the job or to a dependent of a workers killed on the job

Review 23.1

1. List 5 characteristics of a good tax system. Why are these features desirable?
- A tax system should be fair
- Tax laws should be clear and simple.
- Taxes should be collected at a convenient time.
- A tax system should be stable.
- A tax system should be flexible.
These features are desirable because they would make doing your taxes much easier and run smoothly.
2. How does the amount of money you earn and the amount withheld determine whether you owe income tax?
- Your employer determines how much to withhold by looking at the information you provide on a w-4 form.
3. How will understanding such terms such as exemption, dependent, and deduction help you complete a tax return?
- This will help you since you can claim people you can claim on your taxes, which can in turn, help you to recieve money back.

Review 23.2

1. Why is it important to build up work credits?
- This is important because once you have built up enough credits, you can begin to recieve benefits.
2. Why is the program of benefits discussed in this section called social security?
- Because there is something called a social security benefit. This enables people to recieve a source of income after retirement.
3. What may happen to socail security by the time you retire if the system isn't changed soon?
- There may not be any social security for my generation when I retire

Summery on 23

Chapter 23 is a chapter of two lessons where it explain to you how to do taxes and how they work, where do they go and etc., section 23.1 talks about taxes that are payments that people must make to support federal, state, and local governments. Common taxes include income taxes. It also talks abut the tax dollars that pay for a wide range of services, such as education, transportation, and military services, it also explains you how can you influence the way that tax dollars are spent by voting for officials who represent our views, a good tax system should be fair, simple, convenient, stable, and flexible.When your income tax return shows how much income you received and how much tax you owe, and from your w-4 you will tell your employer how much tax to withhold and from the w-2 you will be able to find out how much you earned. Then section 23.2 is about the money that social security benefits comes chiefly from social security taxes paid by workers and employers and how the government uses you social security number to keep track of your contributions and work history and the benefits include disability benefits survivors’ benefits, retire benefits, and health insurance benefits and it talks abut the two state run programs that provide benefits for workers are unemployed.

week of 24

mon ----4 to 11
Tues ----4 to 11
wed----- 4 to 11
thru-----4 to 11
fri ------- OFF
sat ------ OFF
sun----- OFF

Week #23 Work Schedule

Mon---- 4pm to 11pm
Tues--- 4pm to 11pm
Wed---- 4pm to 11pm
Thrus---- 4pm to 11 pm
Fri----- OFF
Sat ----- OFF
Sun----- 7am to 3 pm

Ch 20 outline

Chapter 20 is a two section lesson that explains and shows you a lot of ways how you can manage your money .One example in section one talks about how a budget works and that is a plan for saving and spending money based on your income, and how to define your goals, how to make the best choices it gives you examples on what you can do, and how to keep track of your spending and to keep all your receipts when you make them and after you get them.. Section two is a section that talks about adjusting to personal change as you get to adulthood and then financial reasonability’s that you have to take as you get older, and also it tell us on how economy changes and how affect us, the inflation and recession are part of it, and also how you can get help if you ever need it and how it benefits you where to go your better choices in life.

Recalling Key Concepts

2. The first step in planning your budget is to?
c) Identify your financial goals
3. You should file your bills?
b) As you receive them
4. One way to help yourself stay within your budget is to?
a) Track your spending
5. Personal Changes that affect your finances include?
a) Inflation
6.Inflation, recession, and unemployment are all examples of?
a) Economic change

Ch 20 Vocabulary

Budget- is a plan for saving and spending money based on your income and your expenses

Record Keeping- Organizing and maintaining records of your income and spending

Financial responsibility-Accountability in money matters

Week #22 Work Schedule

Mon---- 4pm to 11pm
Tues--- 4pm to 11pm
Wed---- 4pm to 11pm
Thrus---- 4pm to 11 pm
Fri----- OFF
Sat ----- OFF
Sun----- 7am to 3 pm