Major Concept- C. Consumer Mathematics

 

Objective

 

1. To calculate weekly gross wages involving regular pay, overtime pay, and piecework earnings.

 

2. To calculate earnings for straight commission, or base wage plus commission.

 

3. To determine the difference between gross pay and net pay.

 

4. To calculate weekly, monthly, and yearly net pay.

 

5. To define and explain the purpose of a budget.

 

6. To determine and calculate monthly fixed expenditures.

 

7. To investigate the guidelines in developing a budget.

 

8. To plan a budget based on percentages allotted to various categories as suggested by financial institutions.

 

9. To calculate the portion of total income spent on each category using percents

 

10. To draw graphs (including circle graphs) of budget figures, using appropriate software.

 

11. To calculate the actual amount of money to be spent on each category using the predetermined percentages.

 

12. To adjust a budget to changes in expenses.

 
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