Unit 1: Working & Earning
Unit 2: Deductions & Expenses
Unit 3: Paying Taxes
Unit 4: Making Purchases
Unit 6: Banking, Investing, Saving, Borrowing
100
If tax in Ontario is 13%, determine the price of a bouquet of flowers if they cost 12.99 + tax.
$14.68
100
What percentage of your paycheque is deducted for EI AND what is the maximum amount that can be deducted?
1.58% and $889.54
100
Calculate the cost of a sweater that costs $64.95 with 20% off.
$51.96
100
Determine the unit price of 13 apples for $17.00. Make sure to include units.
$1.31/apple
100
Convert 15 months into years.
1.25 years
200
David earns 3% of what he sells. This month, he sells $300 000. How much money does he earn?
$9000
200
What are 2 ways you can improve your purchasing power?
Working more hours, getting a higher paying job
200
Calculate the total for a manicure that costs $45 + tax in Alberta.
$47.25
200
List two things should consider before buying something in bulk.
- expiration date
- how much you would use it
- is there room in the fridge?
-better price
200
Determine the simple interest earned in the following scenario:
$4,500 GIC invested at 3.9% simple interest for 2 years
$351.00
300
Luca works 8 hour a day as a clothing presser. He gets paid $15 an hour plus $1 per item pressed. In a single day, Luca pressed 80 items. How much money does he make?
$200
300
Sonia earns $25/hour and works 36 hours a week. Determine how much she spends on food if it is typically 20% of her gross weekly earnings.
$180.00
300
What would be a situation in which somebody would receive more than one T4 slip?
If somebody works more than one job
300
A cashier owes a customer $13.88. Round the number and determine which bills/coins you can give them.
1 $10 bill, 1 toonie, 1 loonie, 3 quarters, 1 dime, 1 nickel
300
Amir invested $8000 in a mutual fund for 5 years. She earned $3000 in interest. At what rate was the money invested at?
7.5%
400
Sophia is looking for a new job and has been offered 2 positions. Position 1 will pay her $2800 bi weekly and Position 2 will pay her $6500 monthly. Which position has a higher pay?
Position 2 is a higher paying job.
400
Noah earns $1824 per month working at the bank. The deductions from his monthly pay are listed in the table below. Determine Noah's net pay.
$1492.56
400
List 2 examples of HST exempt items (they cannot both be food)
basic groceries, health + medical expenses, child care, tutoring, prescription drugs
400
The regular price for a children’s bike is $139.99. It is currently on sale for 10% off. Calculate the total cost of the bike including tax.
$142.37
400
If $900 in interest was made on an investment earning 3% for 96 months, what was the principal amount?
$3750
500
Sonia gets paid $30/hour and gets paid overtime after working 40 hours. If she works 45 hours this week, how much money will she earn?
$1425.00
500
Penny makes $62,000 a year. What is her taxable income?
EI = $889.54
CPP = $3166
Taxable Income = $57,944.46
500
Calculate the total savings on a video game purchased in Manitoba instead of Newfoundland that costs $87.95 + tax.
Manitoba - $98.50
Newfoundland - $101.14
Savings - $2.64
500
Megan is purchasing a necklace and bracelet as Christmas gifts for her sisters. The necklace is regular price $129.99, on sale for 25% off. The bracelet is regular $55.00, on sale for 20% off. What is the total including 13% tax for both items.
Necklace: $110.16
Bracelet:$49.72
Total: $156.88
500
Determine the values of P, r, n, and t given the following information:
Your investment of $18,100 at 13.6% compounded weekly for 7 1/2 years will be worth how much?
P = $18,100
r = 0.136
n = 52
t = 7.5