A bag of chips costs $2.00. The sales tax is 7%.
How much sales tax will you pay?
$2.00 × 0.07 = $0.14 tax
A T-shirt normally costs $20.00. It is on sale for $5.00 off.
Question: What is the sale price of the T-shirt?
$20.00 − $5.00 = $15.00
Maria works 8 hours at a grocery store. She earns $15 per hour.
Question: How much money does Maria earn for the 8 hours?
8 × $15 = $120.00
The Paycheck Problem
Your paycheck is $425. You need to pay $120 for groceries, $85 for your phone bill, and $175 for your share of the utilities. Your friends invite you to a concert that costs $65.
Necessary expenses: $120 + $85 + $175 = $380. Remaining: $425 − $380 = $45.
The $65 concert is not affordable without another source of money.
Alexander worked 47 hours last week at the local Amazon warehouse. If he gets paid $15.00 an hour. How much did he earn in regular, overtime and total wages?
Regular- $600
Overtime- $157.50
Total-$757.50
A T-shirt costs $15.00. The sales tax is 7%.
What is the total cost of the T-shirt, including sales tax?
$15.00 × 0.07 = $1.05 tax; total = $16.05
A pair of shoes costs $60.00. The store offers a 10% discount.
Question: How much money will you save, and what is the sale price of the shoes?
Savings: $________ Sale price: $________
$60.00 × 10% = $6.00 discount
$60.00 − $6.00 = $54.00
Jake works 35 hours in one week. He earns $16 per hour.
Question: What is Jake's total pay for the week before taxes and deductions?
35 × $16 = $560.00
The Apartment Decision
You earn $2,100 per month after taxes. You are choosing between two apartments.
Apartment A: $850 rent, $100 utilities, and $60 monthly parking.
Apartment B: $725 rent, $190 utilities, and free parking.
You also spend about $300 per month on groceries, $180 on transportation, and $75 on your phone. Which apartment do you choose and why?
A: Housing = $1,010; total expenses = $1,565; remaining = $535.
B: Housing = $915; total expenses = $1,470; remaining = $630.
Apartment B leaves $95 more per month.
Which method will give you more paychecks in a year bi-weekly or bi-monthly?
Remember: bi-weekly = paid every two weeks
bi-monthly = paid two times a month
bi-weekly = 26
semi-monthly = 24
So bi-weekly will give you 2 more paychecks in a year
You buy a backpack for $28.50 and notebooks for $6.50. The sales tax is 7%.
What is the total cost before tax?
How much sales tax will you pay?
What is the final total?
Before tax: $35.00
tax: $2.45
total: $37.45
A hoodie normally costs $45.00. It is marked 25% off.
Questions:
How much is the discount?
What is the sale price?
Discount: $________ Sale price: $________
$45.00 × 25% = $11.25 discount
$45.00 − $11.25 = $33.75
Taylor earns $18 per hour and works 45 hours in one week.
Questions:
How many overtime hours did Taylor work?
What is Taylor's overtime hourly rate?
How much did Taylor earn in overtime pay?
Answers: ________ hours / $________ per hour / $________
Overtime hours: 45 − 40 = 5
overtime rate: $18 × 1.5 = $27
overtime pay: 5 × $27 = $135.00
You have $650 in savings. Your car needs a $480 repair to remain safe to drive to work. Rent of $700 is due in eight days, and your next paycheck of $1,100 arrives in five days. You rely on your car to get to work.
What would you do?
Savings after repair: $650 − $480 = $170. The $700 rent is due before payday, so the student needs a plan for the timing of expenses, such as discussing options with the landlord and arranging safe transportation.
Beyonce is disappointed in your choice of question.
She takes 300 points from you as punishment. 
Terribly sad.
You have $50.00 to buy a pair of shoes that costs $42.99. The sales tax is 7%.
How much is the sales tax?
What is the total cost?
Will you have enough money? How much will you have left, or how much more will you need?
Tax: $3.01
total: $46.00
money left: $4.00
A backpack costs $48.00, and a calculator costs $20.00. The store offers 20% off both items.
Questions:
What is the original total?
How much money will you save?
What is the final sale price for both items?
Original total: $________ Savings: $________
Sale total: $________
Original total: $48 + $20 = $68.00
savings: $68 × 20% = $13.60
sale total: $54.40
Alex earns $20 per hour and works 46 hours in one week. The first 40 hours are paid at the regular rate, and additional hours are paid at 1.5 times the regular rate.
Questions:
How much does Alex earn for 40 regular hours?
How much does Alex earn for overtime?
What is Alex's total weekly pay before deductions?
Regular pay: $________ / Overtime pay: $________ / Total: $________
Regular pay: 40 × $20 = $800
overtime: 6 × $30 = $180
total = $980.00
You flush your toilet, but instead of the water going down, the toilet bowl begins filling up and water spills onto the bathroom floor. You do not own a plunger.
What would you do?
What should you do immediately to stop the water from spreading?
Who should you call if you cannot fix the problem?
Why is it important to act quickly?
1. Turn the water off at the base of the toilet
2. Throw towels down on the floor or mop up the water immediately.
3. Plunge the toilet
4. Call maintenance in the morning - overflowing and standing water can cause permanent damage that can cause problems for the renters below you.
You are given a choice between a salary of $36,000 a year or an hourly wage of $18.25 an hour. Assuming both jobs are the same and you will work 40 hours a week, 50 weeks a year, which job will pay more?
Hourly = $36,500 per year
You are buying a gaming headset originally priced at $89.99. Billy's Electronics offers a $15.00 discount before 7% sales tax. Jake's Radio Shack sells the same headset for $79.99 before 7% sales tax.
What is the discounted price at Store A?
What is the total cost at each store, including sales tax?
Which store is cheaper?
How much money do you save by choosing the cheaper store?
Billy's Electronics: $89.99 − $15.00 = $74.99
tax = $5.25
total = $80.24
Jake's Radio Shack: tax = $5.60
total = $85.59
Store A is cheaper by $5.35.
Two stores are selling the same pair of headphones.
Pete's Music Palace: Original price $100.00 with 30% off.
Radio Racket: Original price $85.00 with an additional $5.00 off.
Questions:
What is the sale price at each store?
Which store offers the better deal?
How much money would you save by choosing the cheaper store?
Pete's Music Palace: $________
Radio Racket: $________ Savings: $________
Pete's Music Palace: $100 − $30 = $70.00.
Radio Racket: $85 − $5 = $80.00.
Pete's Music Palace is cheaper
savings compared with Radio Racket = $10.00.
Sam is deciding between two jobs.
Job A: $17 per hour for 40 regular hours and 6 overtime hours.
Job B: $19 per hour for 40 hours, with no overtime.
Overtime is paid at 1.5 times the regular hourly rate.
Questions:
What is Sam's total weekly pay at Job A?
What is Sam's total weekly pay at Job B?
Which job pays more per week?
How much more would Sam earn by choosing the better-paying job?
Job A: $________ / Job B: $________ / Difference: $________
Job A: (40 × $17) + (6 × $25.50) = $680 + $153 = $833.00.
Job B: 40 × $19 = $760.00. Job A pays more by $73.00.
You bring home $2,300 per month. Your regular monthly expenses are:
Rent: $900
Utilities: $160
Groceries: $300
Car payment and insurance: $390
Gas: $150
Phone: $70
Other essential expenses: $130
On the same day, your car needs a $600 repair, your refrigerator stops working, and you receive a $250 medical bill. You have $500 in savings, and you need your car to get to work.
What would you do?
Regular expenses = $2,100; monthly remainder = $200. Unexpected costs = $600 + $400 + $250 = $1,250. Available monthly remainder plus savings = $200 + $500 = $700. Shortfall = $550. The student should prioritize safe transportation needed to maintain employment, food and housing stability, and medical-provider payment options while seeking a safe, affordable refrigerator solution.
Kelly works on commission and earns 2.9% on stock sales but is also guaranteed a weekly salary of at least $1500. This week she sold $59,812 worth of stock. She is paid either $1500 or her commission, whichever is larger. How much should Kelly get paid this week?
59812x 0.029 = $1734.55
The commission is bigger, so she earns $1734.55