Vocab
Budget Math
Tip/Commission
Math
Vocab Part 2
100

A task that you want to achieve.

Goal

100

Your paycheck is $250/week. How much would your bi-weekly paycheck be.

$500

100

What is a standard tip amount at a restaurant

15%-20%

100

The first step in calculating sales tax

Add the items to get the subtotal

100

Something that happens at the right time

Timely

200

A set of actions set ahead of time to get something done

Plan

200

The sales tax amount in MA 

6.25%

200

If a salesman works for a car dealership and the only way that he makes an income is if he sells cars, he gets paid on __________

Commission

200

The second step in discount math

Multiply the subtotal by the discount amount

200

Things that will actually happen

Realistic

300

A big goal that usually takes months or years

Long Term Goal

300

Calculate the sales tax amount on your bill of $127.50

$7.96

300

Name 2 professions that work on commission

BONUS: Name 1 additional profession that works on commission

Car sales man, Barber

Up to teacher (Uber driver, nail tech)

300

True or False: State tax %s can be different

True

300

A goal you hope to achieve in the near future

Short term Goal

400

A goal that is done within a certain time (deadline).

Fixed Goal

400

Your weekly pay is $300. You have 3 bills to pay for the MONTH Rent-$500, Phone-$150 & Food-$400. How much money do you have left at the end of the month after you pay bills.

$150

400

If you eat out at a restaurants and the bill comes to $126 how much should you leave for a tip based on what we have been discussing in class?

$25.20

400

Calculate the discount amount when you purchase: $25 jeans, $22 shirt & $60 sneakers if you have a 20% off coupon

$21.40

400

The time by which something needs to get done

Deadline

500

A certain way of doing something

Method

500

How much money do you have left over for the month if you earn $800/month and pay $125 phone, $400 car & $250 food 

$25

500

You go out to dinner and buy a steak for $26.00 and a drink for $5.95, how much would the total be if you had to pay 6.25% in tax and leave a 20% tip?

$40.72

500

What is the amount that you will pay if your subtotal is $140, but you have to pay MA sales tax.

$148.75

500

Goals that can be done whenever

Flexible Goal