Business Math

Instructor: Ms. Perkins

e-mail: vperkins@weps.k12.co.us
Course Description: Business Math is a yearlong course designed to develop financial literacy in
accordance with Colorado academic standards. Students will develop their arithmetic and
computational skills applied to business and personal finance scenarios. Emphasis is placed upon
application and project-centered learning in order to facilitate transference to life and career
pursuits.

Grading Scale: Grades will be assigned in accordance with district policy
A - 90%-100%, B 80%-89%, C 70%-79%, D 60%-69%, F 59% or less

Homework Policy: For each day late, an assignment will drop ten percentage points. Except in the
case of absences, assignments that are four or more days late will be assigned no points. Group
projects will not be accepted late; each member will be assigned no points if not turned in by its due
date.

Course Outline: This outline is tentative and subject to change.
Gross Pay

gross pay for hourly and salaried employees
average pay
regular and overtime pay
commission
Net Pay

federal withholding tax
Medicare and social security deductions
job benefits
adjusted gross income and taxable income
state and city taxes
cash receipts record
budget preparation
Banking Services

deposit slips
check registers
electronic banking
bank statements
simple and compound interest
CD and money market accounts
Loans and Credit Cards

interest on promissory notes
simple and compound interest
installment price and finance charges on installment purchases
APR
credit card statements and finance charges
Spending Wisely

sales tax
sales slips
unit prices
compare prices when shopping
Owning a Home or Car

costs of borrowing to buy a home
costs of renting vs. owning
property taxes.
property insurance premiums
retail price of new and used cars
depreciation on a car
car insurance premiums
leasing vs. buying a car
More on Taxes

Social Security Taxes and Benefits
Federal Income Tax
Insurance

life insurance premiums
health insurance premiums
property insurance premiums
automobile insurance premiums
Investments

market price of bonds
bond income and yield
cost of stock purchases
stock dividends
mutual fund investments
real estate investments
Business Profit and Loss

net sales and income
cost of goods sold
gross profit
operating costs
shipping and advertising costs
depreciation costs
percentages and ratios used to income statement items
total assets, liabilities, and capital
percent and amount of bankruptcy claims
Doing Business in a Global Economy

purchasing invoices
series discounts
markup and markdown prices
break-even point
sales records
convert currency using exchange rates
time in different time zones
Fahrenheit and Celsius temperatures
metric units