Thursday/Friday May 18-19

Tax Exam

Tuesday/Wednesday May 16-17

Jeopardy Review

Review your tax notes, business cycle notes and unemployment notes.
Things to know:
Progressive, Regressive, Proportional
What each level of government gets their money from
Tax base
W-4, W-2, 1040
Charachteristics of a good tax
Frictional, Structural, Seasonal, Cyclical
4 phases of the business cycle
3 indicators of the economy (p. 538-539)

Monday May 15

Finished questions from last class and turned in Taxes/Spending questions

Thursday/Friday May 11-12

Prezi on Unemployment: 

Business Cycle Notes- pp. 310-316

Unemployment/Tax/Business Cycle Questions

1. What is Structural Unemployment? Give an example.
2. How do seasonal and cyclical unemployment differ?  Give an example of each.
3. When does cyclical unemployment take place?

4. What taxes go to Social Security and Medicare?
5. Why isn’t full employment the same as zero unemployment?
6. Explain the 3 tax forms and what their purpose is.
7. How has terrorism affected employment in the USA?
8. What does it mean to be underemployed?
9. What are the 4 characteristics of a good tax? Briefly explain each.
10. What are the 4 phases to a business cycle? Draw a pictorial representation of a business cycle.
11. What are the contributing factors to each phase regarding GDP?
12. What is stagflation?  Why is it a problem when an economy experiences it?
13. What are the 4 main economic variables that affect business cycles?
14. How can interest rates push a business cycle into a contraction?
15. How did the Great Depression affect economists’ beliefs about the macro economy?
16. At what point of the business cycle would you want to be?  In 1-2 sentences explain your reasoning.

Tuesday/Wednesday May 9-10

Taxes and Government spending worksheet

Monday May 8

Federal Tax Notes

Federal Tax Video

Video Questions

1.       How did ancient Mesopotamians pay taxes?

2.       At the most basic level, what do taxes pay for and why are they used?

3.       What is a luxury tax and a sin tax?

4.       List one tax that a foreign country has created.

5.       What are direct taxes?

6.       What are indirect taxes?

7.       How many tax brackets does the United States have?

8.       Why type of tax is a Flat Tax?

9.       What do economists say will happen if the government got rid of exemptions and deductions?

10.   What are the tax rebellions that have taken place?

Thursday-Friday May 4-5

Business Organizations Notes

Business Organizations WS

Read and Take notes on Progressive, Regressive, Proportional Taxes (P 361)

Monday May 1

Intro To Taxes Notes