Unit 3 - Amazon Web Services · 3 NOTE: Salary examples in this section are for practice and...
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Unit 3
Transcript of Unit 3 - Amazon Web Services · 3 NOTE: Salary examples in this section are for practice and...
Unit 3
CONSUMER MATHEMATICS 3FAMILY FINANCES I
CONTENTSI. INCOME . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
Salary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
Wages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
Commission . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Self-Employment . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
II. TAXES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
FICA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Miscellaneous . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
III. BUDGETS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
Planning the Budget . . . . . . . . . . . . . . . . . . . . . . . . . 20
Working the Budget . . . . . . . . . . . . . . . . . . . . . . . . . 23
IV. BUYING . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
Sales Prices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
Real Estate Advertisements . . . . . . . . . . . . . . . . . . . 34
Food Buying . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
Credit Buying . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38
Author: Barbara Laughman HintzeEditor-in-Chief: Richard W. Wheeler, M.A.Ed.Editor: Robin Hintze Kreutzberg, M.B.A.Consulting Editor: Robin L. Zenor, M.A., M.S.Illustrator: Thomas R. Rush
804 N. 2nd Ave. E., Rock Rapids, IA 51246-1759© MCMLXXIX by Alpha Omega Publications, Inc. All rights reserved.LIFEPAC is a registered trademark of Alpha Omega Publications, Inc.
All trademarks and/or service marks referenced in this material are the property of their respective owners. Alpha Omega Publications, Inc.makes no claim of ownership to any trademarks and/or service marks other than their own and their affiliates’, and makes no claim of affilia-
tion to any companies whose trademarks may be listed in this material, other than their own.
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NOTE: Salary examples inthis section are for practiceand calculation purposes.The amounts may notreflect what the student isfamilar with.
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