What is Money And why is it important

What is Money? And why is it important?

Greed is Good: https: //www. youtube. com/watch? v=R 8 y 6 DJAeolo

Characteristics and Functions of Money • Acceptable • Portable • Durable • Divisible • Uniform • Scarce • Medium of Exchange • Standard of Value • Store of Value

What does “Money” Look Like Now? • Cashless Society • Cards • Checks • Money Orders • EFT • Income

Sources of Income—how money enters our life • Employment • Investment • Self-employment • Rental income • Profits • Windfalls

Factors Influencing Income • Skills • Level of Education • Job opportunities • Employment Benefits • Recession/Depression • Taxation Education Matters!

Paychecks!

What is in your Paycheck? • Gross Wage: (hours x hourly wage) (annual salary) • Deductions • Federal taxes • State taxes • FICA • Medicare • http: //www. bankrate. com/calculators/tax-planning/payroll-tax-deductionscalculator. aspx

What is in your Paycheck cont. ? • Exemptions • • • Benefits • Tuition Reimbursement • Pension/Retirement • Health Insurance Non-contributory Benefits • • Payroll allowances Vacation and Sick Days Loan on Future Paycheck

Paid Family Leave • https: //www. youtube. com/watch? v=1 zi. PPIt. Li. SY

Payday Loans https: //www. youtube. com/watch? v=3 r. OV m. Un. UM 7 A https: //www. youtube. com/watch? v=vy. Flz 0 Xpb. Tc