# CTE Resource Center - Verso - Cosmetology II (2-year Program) Task 1724361273

CTE Resource Center - Verso

Virginia’s CTE Resource Center

Prepare financial records.


Preparation should include

  • keeping accurate records for payroll
  • paying the bills on time
  • keeping record of tips
  • completing W2 and W4 forms.

Process/Skill Questions

  • How important is it to establish credit?
  • What are the pros and cons of a business credit card?
  • What is the importance of keeping accurate payroll records?
  • Is it necessary to claim tips on your tax forms? Why, or why not?
  • What is a W2 form? W4 form?