math in everyday life
nicoleviii
combinepdf241.pdf
Deductions Worksheet
Some of the things that can be deducted from a paycheck are: Taxes
Employment insurance (EI) Canadian pension plan (CPP) Health plan
Life insurance
Union dues
• Other pension plan
Payroll savings plan
Example:
Formulas:
Net Pay = Gross Pay - Deductions
Gross Pay = Net Pay + Deductions
Deductions = Gross Pay - Net Pay
Kara earns $400 a week, working for a telemarketing firm. The deductions from her weekly pay are:
EI
CPP
Income tax
Company pension plan Health plan
$8.55
$13.45
$44.15
$9.50
$10.40
Calculate Kara's (a) gross pay (b) total deductions c net pay
Practice:
1. Joy's gross income is $427 per week. Her weekly deductions include: El $9.61, CPP $15.47, income tax $57.55, company pension plan $10.40. Determine her total deductions and her net income.
Gross Pay Total Deductions Net Income
2. Clayton's gross pay is $372 per week. His weekly deductions are: El $8.37,
CPP $13.10, income tax $42.60, company pension plan $9.30, union dues $6.20. Determine his
total deductions and his net pay.
Gross Pay Total Deductions Net Income
3. Fill in the following chart:
Name Gross Paу Deductions Net Pay Wendy $257.20 $42.49
Margaret $73.11 $311.96
Mark $429.00 $347.30
Clare $109.50 $388.50
Darren $550 $125.75
Lisa $201.50 $595.00
4. Liam earns $11.50 per hour. He works 36 hours a week. His weekly deductions are: El $9.46, CPP $14.47, income tax $38.55, company pension plan $9.18, savings plan $35.00. Determine his (a) gross pay (b) total deductions (c) net pay.
Gross Pay Total Deductions Net Income
5. Gus works 35 hours a week. His net income is $448 and his deductions are $119.50. What is
his gross pay? How much does he paid per hour?
Net Income Total Deductions Gross Pay
Standard Deductio
1. Look at the portion of Kevin's Personal Tax Credits Return form.
Canada Customs Agence des douanes
and Revenue Agency et du revenu du Canada 2002 PERSONAL TAX CREDITS RETURN TD1
Complele this TD1 form If you have a new employer or payer and you will receive salary, wages, commissions, pensions, Employment Insurance benefits, or any other remuneration, Be sure to sign and date it on the back page and give it to your employer or payer who will use
it to determine the amount of your payroll tax deductions.
If you do not complete a TD1 form, your new employer or payer will deduct taxes after allowing the basic personal amount only.
You do not have lo complete a new TD1 form every year unless there is a change in your personal tax credit amounls. Complete a new
TD1 form no later than seven days after the change.
You can get the forms and publications mentioned on this form from our Internet s te at www.ccra-adrc.gc.ca or by calling 1-800-959-2221.
Last name
Wilmont
Address Inckuding postal code
First name and iniual(s) Kevin J.
Date of birtİ (YYYY/MM/D0) Employse number
1984/06/14 129
For non-residents only Social insurance number
Country of pemanent residance
432 Rosewood Court Ourtown, ON MAL 255
a) What is Kevin's full name?
b) In what month was he born?
c) What is his SIN (Social Insurance Number)?
3 41353544 4
2. a Kevin works 37.5 hours a week at $12 per hour. What is his gross pay?
Number of Hours Hourly Rate Calculator Work Gross Pay Worked
b) Kevin's deductions are $87.80. What is his net pay?
Gross Pay Deductions Calculator Work Net Pay
3. Kevin's federal income tax deduction is $24 each week and his provincial deduction is $11.50 each week.
a) How much income tax is deducted each week?
income tax
How much income tax would be deducted in aaye
4. a) What is EI (Employment Insurance)?
b) Kevin's deduction for El is $7.91 each week. How much would be deducted in a year for El?
El deducted per week Number of weeks in
a year
Calculator work El for the year
5. a) What is CPP (Canada Pension Plan)?
b) Kevin's deduction for CPP is $12.39 a week. How much would be deducted in a year for CPP?
CPP deducted per week Number of weeks in Calculator work CPP for the year
a year
6. Use the information about Kevin's deductions from questions 4, 5, and 6.
a) Which deduction - income tax, El or CPP - is the greatest?
b) Why do you think the government deducts more for that than for the other two?
Income tax ded
per week
Number of weeks in
a yea
Calculator work me Taxfor the
yeyear
UNIT 1: Lesson 3 -- Comparing Jobs Learning Goals In this lesson, I will: investigate different job opportunities and compare salaries Success Criteria
I can: research occupations and jobs using a variety of website and calculate gross pay, deductions and net pay for each.
Lesson Most of us have a 'dream job'; something we think we'd be good at and that we'd enjoy doing. Visit the Government of Canada Job Bank - https://www.jobbank.gc.ca/home opens in new window and look for two jobs (feel free to use other job websites as well).
Find a listing for two jobs that you feel you are currently qualified to do. Now find a listing for your 'dream job'.
The video below will walk you through the Job Bank site. The website has changed a little since this video was made... "explore careers" is now called "choose a career" and can be found by going to the "MENU" tab.
WATCH VIDEO:
https://youtu.be/L8uJx2Ftk38?si=fv--sboVJ3uwy75n
Earnings Statement Income
Gross Pay
Pay Stub
Deductions
CPP
El
Income Tax
Total Deductions
Net Pay
Current Total
Comparing Salary
Job You're Qualified for now #1
DM
Job You're Qualified for now #2
Dream Job
DLEM
Because 'dream jobs' often involve specialized experience, training or
certificates, they also usually have a higher salary.
To compare the three jobs you selected, you will complete a pay stub
for each one using the Pay Stubfile (PDF Version). You can
choose to complete these pay stubs as weekly, biweekly, monthly
or yearly - you decide.
For each, you will calculate gross pay, deductions and net pay. If
you need a refresher on these terms, go back to the previous lesson.
In order to calculate your deductions, you will need to refer to the
following table:
Employment Insurance (El) 1.73% of your income up to a
maximum of $780.36
Canada Pension Plan (CPP) 4.95% of your income up to a
maximum of $2,217.60
Income Tax
20% of your first $38,000 24% on $38,000 to $42,000
31% on $42,000 to $67,000 35% on $67,000 to $83,000
45% on $83,000 and up
Assignment 1. Submit the pay stubs you completed for the 3 jobs you compared.
2. Answer the following questions (please type your responses):
a) Which of the two jobs you're currently qualified for would you choose?
b) Did you choose the job that had the higher take-home pay? If not, why not?
c) What other considerations are important to you when looking for a job?
SUBMIT ONCE DONE
Lesson 4 Assignment
Flo Andersen has the following bills to pay. Her net pay is $1800 monthly.
Bill Amount When due?
Rent $800 1st of the month
Hydro $120 10th of the month
Cable $86 7th of the month
Car Loan $290 23rd of the month
Car Insurance $95 25th of the month
Credit Card $45 15th of the month
a) How much does she make biweekly? (REMEMBER you will need to calculate yearly income first)
b) Complete this budget for her. You decide what paycheque each bill should come from.
1st Pay June 1st Pay amount:_________ 2nd Pay June 15 Pay amount:_________
Expense Amount Expense Amount
Leftover amount: ___________________ Leftover amount: ____________________
c) Why did you decide to pay the bills when you did? Explain for each bill.
d) Are there any expenses you would add or remove from her budget?
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Unit 1 Assignment - Deductions and Taxes
1. Lisa earns $12.56 per hour and works 40 hours per week.
a. What is Lisa’s gross pay per week? (2 marks)
b. If $89.00 is deducted for CPP, EI and taxes, what is her net pay per week? (1
mark)
2. Mark earns $577 per week working for a telemarketing company. The deductions from
his weekly pay are as follows:
EI $9.56
CPP $14.78
Income tax $48.19
Company Pension $10.25
Health Plan $10.56
a. What is Mark’s weekly gross pay? (1 mark)
b. What are his total deductions per week? (2 marks)
c. What is Mark’s net pay per week? (1 mark)
3. Kyla works 35 hours a week and is paid $17/hour.
a. What is Kyla’s yearly income? (1 mark)
b. What tax bracket is she in? (1 mark)
c. How much income tax is deducted per year? (2 marks)
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d. If Kyla is paid bi-weekly, how much income tax should be deducted per pay? (1
mark)
e. How much EI and CPP will be deducted from her bi-weekly paycheque? (3
marks)
f. What is Kyla’s bi-weekly net pay? (2 marks)
4. Sheena works 42 hours per week. Her net weekly income is $464.58 and her deductions
are $102.42. Apply what you know to determine her hourly rate. (4 marks)
5. Emilio works at Starbucks. His weekly net pay is $295 and he is paid every Friday. The
chart below shows the money coming into his account and his expenses for the month of
November. Calculate his bank balance after each transaction. (6 marks)
Date Item Pay ($) Expense ($) Balance ($)
Nov. 1 Starting balance 201
Nov. 1 Bus Pass 42
Nov. 4 Cell Phone bill 48
Nov. 7 Pay 295
Nov. 8 Groceries 70
Nov. 14 Pay 295
Nov. 15 Cable/Internet 95
Nov. 16 Groceries 75
Nov. 20 Credit Card bill 578
Nov. 21 Pay 295
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Nov. 22 Groceries 70
Nov. 28 Pay 295
Nov. 30 Rent 400
a. Did Emilio budget wisely for the month? How do you know? (3 marks)
b. What expenses could Emilio cut down on? (2 marks)
Planning a BBQ
You decide to host a bbq for the long weekend for 10 friends. After you invited
everyone, you realized that you needed to buy the following items first:
1. A BBQ and propane tank
2. Seating for at least 10 people (a patio set, lawn chairs, picnic table, etc -
combination of all)
3. A fire pit
4. Food / Drinks
5. Plates/cutlery
6. Fireworks
Your Task
1. Your total budget is $500.00
2. Search online through flyers – ex. Canadian Tire/ Home Depot and find all of
the necessary items you need to buy (look for sale items). Cut out or print
the items you plan on purchasing.
3. Plan a menu. Search grocery store flyers and find the best deals. Show all of
your items and prices on an organized table.
4. Create a table listing all expenses/discounts/taxes/total paid.
Item Regular
Price
Discount
Rate
Sale Price Taxes Total Cost
5. Were you able to stay within budget? Was it easy or difficult to stay within
$500? If you had more money, what changes would you have made? What
changes could you make if you had less money to work with?
The Best Buy Assignment Flyer Activity
For this assignment, you will need to collect some flyers (you know, the ones that come in the weekly newspaper). Alternatively, you could visit some stores in person or access flyers online. Here are some online flyers:
Walmart Food Basics
Giant Tiger Metro
Loblaws Frescho
Find a minimum of 10 different items. For each item, calculate the unit price at two different stores in order to determine which store is selling it for cheaper. It might be useful to choose items that you may need coming up - that way you will know where to shop!
Name of Item Store Name Retail Price
(include
package size)
Unit Price Which Store
has the better
deal?
Name of Item Store Name Retail Price
(include
package size)
Unit Price Which Store
has the better
deal?
Incentives to Buy – Research Points Programs
Many stores offer incentive programs to motivate buyers. Research 3 of the following (or
choose 3 of your own):
Shopper’s Drug Mart – Optimum
Scene Points Card – Cineplex
HBC Rewards
Esso Extra / Petro Points
Sears Club Points
Walmart Master card
PC Points
Answer the following questions for all 3 Points Programs:
1. Is there a membership cost?
2. How many points are earned per dollar spent?
3. Are there items on which points are not awarded?
4. Are bonus points offered? If yes, explain.
5. How can the points be redeemed?
6. What can the points be redeemed for?
7. Do you own a card in which you earn points? If yes, which one? Why did you choose it?
What benefits have you experienced from it?
Around the World in Canadian Dollars It is helpful to look at exchange rates for many different countries because you never know where life can take you! You have just won an AROUND THE WORLD PLANE TICKET! As you travel around the world, you will be buying things in each country. For exchange rates, use: RBC Currency Converter Part 1: Shopping Around the World Complete the table below.
Country What you bought
Price Exchange Rate
Price in Canadian
Dollars
United States Blu-ray player $220.50 USD
United
Kingdom
Box of tea 4 Pounds
France Soccer ball 30 Euros
Ireland Shamrock shirt 7 Euros
Thailand Fried noodles
for lunch
29 Baht
Mexico Traditional
Aztec
24 Pesos
Australia Didgeridoo $172.50 AUD
Part 2: Spending Money You have $1400 CAD as you set out on the second part of your trip. You want to spend at most $200 CAD in each country. How much is that in the currency of each country?
Country Canadian Dollars
Exchange Rate (You will need to find the
currency for each different country!)
Amount you have to spend in that
country
New Zealand $200 CAD
South Africa $200 CAD
Brazil $200 CAD
Taiwan $200 CAD
Part 3: Where Do You Want to Go? If someone gave you this money to go on a world trip, what countries would you like to visit? Give your top TWO, and say why. Use complete sentences.
Lesson 13a - Open A Bank Account Assignment
1. There are many different types of bank accounts to choose from. Using the links provided within the
lesson or by doing a Google search, research 3 chequing accounts and 3 savings accounts. Record your
findings in the tables below.
Chequing Accounts
Account Name Monthly Fee Transactions
Included Balance needed to waive monthly fee
Interest Rate Offered
Savings Accounts
Account Name Monthly Fee Transactions
Included Balance needed to waive monthly fee
Interest Rate Offered
2. a) There are a variety of credit cards to choose from - some from financial institutions and some from
retailers. Research 2 credit cards from a financial institution (ex. TD bank) and two credit cards from a
retailer (ex. Canadian Tire). Record your findings in the table below.
Credit Card Name
Annual Fee Annual Interest
Rate
Incentive Program Interest Rate Offered
Any other features of the credit card
b) Which card would you choose and why?
Week 7 Exercise Working with Bank Statements
Math for Everyday Life, Grade 11 MEL3E
1. a) Complete the balances after every transaction.
Emond Montgomery Publications Limited
Date Transaction Debit Credit Balance
Code
Nov 2 Starting Balance 100.00
Nov 3 GDEP 70.00
Nov 6 GWD 50.00
Nov 6 TF 1.00
Nov 14 EFTC 120.00
Nov 16 EFTD 48.00
Nov 17 TF 2.00
Nov 25 GWD 60.00
Nov 27 CCPR 70.00
Nov 30 INT 3.42
b) How much money is left in the account at the end of the month?
c) On what date was a purchase made by debit card?
d) On what date was interest paid?
e Calculate the total amount of service charges (what you pay the bank for having an account). These are shown by "TF"
g) Write a sentence to describe the transactions on the following days
July 6-
July 16-
July 23-
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2. a) Complete the balances after every transaction for Roy's account.
Date Transaction Debit Credit Balance
Code
July 3 CWD 120.00 300.00
July 6 CCPR 83.70
July 9 TF 2.00
July 13 CWD 40.00
July 16 EFTC 220.00
July 23 EFTD 70.00
July 29 INT 1.45
c) What is the final balance at the end of the month?
f How much would Roy need to deposit into his account to buy the LCD TV that he is saving for ($782.00)
b)
c)
3. a) Complete Mark's passbook by adding these transactions.
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March 7 pay hydro bill 120.00
March 9 debit card purchase 63.00
March 10 transfer fee 2.00
March 13 payroll deposit 225.00
March 16 machine withdrawal 80.00
March 23 oan payment 64.00
March 31 interest 6.45
Date Transaction Debit Credit Balancе
Code
Feb 28 INT 5.30 635.30
Mar 7
Mar 9
Mar 10
Mar 13
Mar 16
Mar 23
Mar 31
What is Mark's balance at the end of March?
How much money came out of his account this month? (show your work)
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Compound Interest Assignment
1. Cal has $10,000.00 in a savings account that earns 2.5% interest per year, compounded annually (once a year). If he leaves his money in this account for 5 years, how much money will he have at the end of 5 years? (3 marks)
2. Shelby’s grandmother gives her $5000.00 to invest. She decides she is going to put all of it in a Guaranteed Investment Certificate (GIC). It pay a compound interest rate of 3.5% per year compounded semi-annually (2 times per year). How much money will she have at the end of 5 years? (3 marks)
3. Matt invests $10,000.00 in a long term investment stock which yields a return of 12% interest compounded monthly over 30 years. What is the value of the stock at the end of 30 years? (3 marks)
4. Ashley invests $25,000.00 in a long term investment stock which offers a return of 8% per year compounded quarterly. If she invests for 15 years how much money will she have at the end of the term? (3 marks)
/18
5. To pay for a vacation, Mia borrowed $900.00 at 6% per year compounded quarterly, The loan must be repaid in 2 years. (5 marks)
a. How much does Mia have to repay? *hint compound interest formula*
b. How much of the repayment amount is interest?
South Carolina State Optional Retirement Program
What Type of Investor Are You?
This questionnaire will help determine what investment strategy may be right for you based on two risk characteristics. First, it will measure your time horizon, which is how long your money will stay invested. Second, it will measure your risk tolerance, or your willingness to stay invested during the ups and downs of the market.
Time Horizon (Circle the answer that fits you best)
1. When do you expect to begin withdrawing money from your ac- count?
a. Less than 1 year b. 1 to 2 years c. 3 to 4 years d. 5 to 7 years e. 8 to 10 years f. 11 years or more
2. Once you begin withdrawing money, how long do you expect the withdrawals to last?
a. I plan to spend all the money right away b. 1 to 4 years c. 3 to 7 years d. 8 to 10 years e. 11 years or more
Add the points you circled for questions 1-2 and enter your total here: Time Horizon Total Points
Risk Tolerance (Circle the answer that fits you best)
3. Inflation can make purchases more expensive in the future. If infla- tion is high today, you will have to pay more for the same items tomorrow. Which of the following accounts is most consistent with your investment comfort?
a. Account 1 will most likely beat long-term inflation by a significant amount and has high risk.
b. Account 2 will most likely beat long-term inflation by a moderate amount and has high to moderate risk.
c. Account 3 will most likely beat long-term inflation by a small amount and has moderate risk.
d. Account 4 will most likely match long-term inflation and has low risk.
4. The following statements describe the most likely profit, as well as the chance of loss, of $10,000 invested for one year in four hypothet- ical accounts. Please select the statement with which you are most comfortable.
a. Most likely value of the account at the end of one year is $10,600. However, there is a 16% chance of losing money.
b. Most likely value of the account at the end of one year is $10,700. However, there is a 21% chance of losing money.
c. Most likely value of the account at the end of one year is $10,800. However, there is a 25% chance of losing money.
d. Most likely value of the account at the end of one year is $10,900. However, there is a 28% chance of losing money.
Points 0 1 3 7 9
11
Points 0 2 4 5 6
Points 18
12
6
0
Points 0
8
12
18
5. Investors who have received high long-term average profits have ex- perienced greater changes in their account. Considering this, which statement best describes your investment goals?
a. Protect the value of my account. In order to minimize the chance for loss, I am willing to accept lower long-term profits.
b. Keep risk to a minimum while trying to achieve slightly higher profits than the profits provided by investments that are less risky.
c. Balance moderate levels of risk with moderate levels of profit.
d. Maximize long-term investment returns. I am willing to ac- cept large and sometimes dramatic fluctuations in the value of my investments.
6. Suppose you invested $1,000 in a well-diversified account that is now worth $800. Assuming you still have 10 years until you retire, how would you react?
a. I would not change the investments in my account. b. I would wait at least one year before changing the invest-
ments that are less risky. c. I would wait at least three months before changing to
investments that are less risky. d. I would immediately change to investments that are less
risky.
7. The following chart shows the hypothetical results of four sample accounts over a one-year period. The best and worst potential profits and losses are presented. Note that the account with the best potential profit also has the largest potential loss.
Which of these accounts would you prefer to hold?
a. Account A b. Account B c. Account C d. Account D
8. I am comfortable with investments that may frequently experience large losses in value if there is a potential for higher profits.
a. Agree b. Disagree c. Strongly disagree
Add the points you circled for questions 3-8 and enter you total here: Risk Tolerance Total Points
(Continued on back)
Points 0
5
10
15
Points 15 10
5
0
Points 19 12 7 0
Points 15 8 0
Accounts Potential Profit Potential Loss
A 45% -26%
B 34% -20%
D 15% -7%
C 26% -15%
Match Your Scores
1) Match your time horizon total points (questions 1-2) to the appropriate range category across the top of the chart. 2) Match your risk tolerance total points (questions 3-8) to the appropriate range category down the left side of the chart. 3) The intersection of these scores indicates the type of investor you may be. Refer to the matching model portfolios below for a description and sample investment account.
Time Horizon Score 1-2
Conservative Conservative Conservative Conservative Conservative
3-5 Conservative
Moderate-Conservative Moderate-Conservative Moderate-Conservative Moderate-Conservative
Risk Tolerance
Score
0-19 20-39 40-59 60-79
80-100
6-7 Conservative
Moderate-Conservative Moderate Moderate Moderate
8-10 Conservative
Moderate-Conservative Moderate
Moderate-Aggressive Moderate-Aggressive
11-17 Conservative
Moderate-Conservative Moderate
Moderate-Aggressive Aggressive
Note: If your time horizon total points are zero, even the most conservative portfolio may not be an appropriate investment option. You should speak to an investment advisor before investing.
Sample Investment Accounts
Conservative Portfolio: The Conservative Portfolio is designed to provide stability and protection from loss to investors who either have a short time horizon and/or a primary goal of avoiding potential losses. The stability of this portfolio comes at the expense of achieving higher long-term profits.
Moderate-Aggressive Portfolio: The Moderate-Aggressive Portfolio is designed to provide considerable wealth accumula- tion (profits) to investors with in- termediate to long time horizons. Those investing in this portfolio must be comfortable with higher than average price changes and potential short-term losses to achieve the desired higher profits.
Moderate-Conservative Portfolio: The Moderate-Conservative Port- folio primarily attempts to avoid short-term loss, but still seeks somewhat higher profits over the long term. To achieve higher potential profits some fluctuations in investment value are to be expected.
Moderate Portfolio: The Moderate Portfolio is de- signed for those who are equally concerned with risk and return. This portfolio is intended to provide profits that are expected to outpace inflation over the long term. Those investing in this portfolio should be comfortable with fluctuations in the portfolio’s value and occasional short-term loss.
Aggressive Portfolio: The Aggressive Portfolio seeks substantial wealth accumulation (profits) and its primary goal is intended for investors who have a long time horizon. Those who invest in this portfolio must be comfortable with experiencing frequent short-term loss and extreme price changes to achieve high profits over the long term.
The pie chart returns are based on historic performance of market indices and do not represent performance of any specific investment fund. Stocks are represented by the S&P 500 Index total return; bonds are represented by the LB Aggregate Bond Index total return; and cash equivalents are represented by the CG Domestic 30-day Treasury Bill Index total return (and international equity is represented by the MSCI EAFE index). Historic performance is not necessarily indicative of actual future investment performance, which could differ substantially. Investment return and principal value may fluctuate so that your investment, when redeemed, may be worth more or less than the contributions to your individual account.
The examples are not projections or illustrations of any particular investment option, nor a guarantee or indication of investment results in the future. Your results will vary. The examples do not constitute specific tax or investment advice. Used with permission. © 2005 Ibbotson Associates, Inc. All rights reserved. Copyright CitiStreet © 2005
Average Annual Return: 5.6% Range: (0.1%) to 11.3%
Average Annual Return: 9.8% Range: (6.3%) to 23.9%
Average Annual Return: 10.9% Range: (8.8%) to 27.6%
Average Annual Return: 7.3% Range: (1.9%) to 15.9%
Average Annual Return: 8.6% Range: (4.0%) to 20%
15% Stocks
33% Cash
Equivalents 5% International Equity
47% Bonds
56% Stocks
5% Cash Equivalents
22% International
Equity
17% Bonds
67% Stocks
28% International
Equity
5% Bonds
31% Stocks
21% Cash
Equivalents
11% International Equity
37% Bonds
44% Stocks10%
Cash Equivalents
16% International Equity
30% Bonds
Understanding the type of investor you are is an important first step to successful retirement planning. To learn more about the State Optional Retirement Program, contact the South Carolina Retirement Systems at PO Box 11960, Columbia, SC 29211-1960; at (800) 868-9002 (in SC only) or (803) 737-6800; or at [email protected]. You may also visit the Retire- ment Systems’ Web site at www.retirement.sc.gov.
MARCH 2006
Give TWO important credit card tips to save you monney.
Give THREE drawbacks of a credit card that you might fall victim to.
5. Write the definitions of these terms:
credit rating
grace period
minimum payment
Credit
3. Give THREE benefits of a credit
importanant to you.
it card, that would be important to you. Say why they would be-
Math for Everyday Life, Gr. 11 Its in Your Best Interest - SI3.01
Credit Card Research Questions
1. Give TWO reasons why you should have credit.
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you could ask any ONE question about credit cards what would it be?
6.
or credit. Say why they are interesting to you.
Emond Montgomery Publications Limited
Write down TWO interesting facts about credit cards-
8. Go to the website of one of the major banks or credit unions in Canada. Find a credit card that you would like to apply for.
10.
Name of credit card:
Interest rate:
Other features:
What features of this credit card attracted you to it?
2
L16b - Repaying Loans Assignment
Question #1
Mr. P decides he wants to buy a new turbo charged skateboard. The cost is $1500. He borrows
money from the bank and they charge him $150 a month for 2 years.
a) Calculate the amount of money Mr. P pays for the turbo charged skateboard (1 mark)
b) How much money would the skateboard have been if Mr. P had paid the money
upfront, including 13% sales tax? (2 marks)
c) How much extra money did Mr. P spend by not paying upfront? (1 mark)
d) Do you think Mr. P made a financially responsible decision by borrowing money for this
purchase? Explain fully why you feel this way. (1 mark)
Question #2
Kendalyn has purchased a car. The car costs $8000. She decides to borrow money from the
bank and they charge her $250 a month for the next 5 years.
a) Calculate the amount of money Kendalyn pays for the car. (1 mark)
b) How much money would the car have been if Kendalyn had paid upfront? (no tax
addition on this purchase) (1 mark)
c) How much total interest did Kendalyn pay by not paying upfront? (1 mark)
Question #3
Derek has purchased 10 gallons of ice cream to help him deal with the summer heat. The cost
of the ice cream is $450. He decides to take out a loan. The bank charges him $75 a month for
two years.
a) Calculate the amount of money Derek pays for the 10 gallons of ice cream. (1 mark)
b) How much money would the ice cream cost if Derek had paid upfront, including 13%
tax? (2 marks)
c) How much interest did Derek spend by not paying upfront? (1 mark)
100K.
b) You are heading home now (also 425 km). Winnipeg gas prices are cheaper at $0.92/L- How mucch will it ccost to go home in the same vehicle?
ថ Week 11 Exercise Gasoline Consumption
Math for Everyday Life, Grade 11 MEL3E
For this table assume that gasoline costs 90¢/L or $0.90/L
Vehicle Gas Cost of Driving 500 km Consumption
Toyota
Prius 4.3 L/
(hybrid electric and
gasoline vehicle)
Ford F150 15.7 L
(4WD, long box, 8
cylinder engine)
Hummer 18 L
1. a) You are driving 425 km to Winnipeg. When you leave Sioux Lookout the gas price is $1.15/L. Take the car of your choice (above). How much will it cost to travel there?
l0oKm
luo Km
/14
Planning a trip by Automobile
Ashley and Tina are driving to New York City. The distance from Barrie to New York City is approximately 540 miles. Ashley decides to take her H2 Hummer. Show your work for ALL questions!
1. Ashley’s H2 Hummer gets 14 mpg. How many km/L is that? (1 mpg = 0.425 km/L) (2 marks)
2. How many kilometers is 540 miles? (1 mile = 1.609 km) (2 marks)
3. How many litres of gas will they use? (include the gas to get home) (2 marks)
4. Supposed gas is $1.18/L. How much will Tina and Ashley spend on gas? (2 marks)
5. On average Tina and Ashley will be driving 95 km/h. How many hours will this trip take? (2 marks)
6. If Tina and Ashley decided to take a 1 hour break for every 5 hours of driving, how much time will they spend “on break”? (2 marks)
7. In total, how long with this trip take? (include break time) (2 marks)
Driving in Ontario Assignment
Part 1
Using the information from the lesson, create the following two scenarios that would result in a driver getting their licence suspended. You may want to use the graphic organizer below.
Scenario 1: A level 1 or level 2 driver gets 3 traffic infractions that result in a licence suspension. (5 marks)
Scenario 2: A fully licenced driver gets 4 traffic infractions that result in a licence suspension. (5 marks)
Part 2
Your commute to and from work or school makes up a good part of your travel every week. Do some research on the financial, environmental and health effects of the different transportation options (personal vehicle, walking/biking, public transportation).
1. Using the graphic organizer below, enter at least one (1) positive and one (1) negative factor that you associate with each type of daily commute for Economic, Environmental and Health. (24 marks)
2. If you were living in a community where all options were available to you, explain which one would you choose? (2 marks)
Scenario 1: Level 1 or 2 Driver
Two Scenarios That Result in Licence Suspension
Traffic Violation #1 Demerits What happens? Traffic Violation #2 Demerits What happens?
Scenario 2: Fully Licenced Driver
Traffic Violation #3 Demerits What happens?
licence suspended +
Traffic Violation #1 Demerits What happens? Traffic Violation #2 Demerits What happens?
Traffic Violation #3 Demerits What happens? Traffic Violation #4 Demerits What happens?
licence suspended +
Factors When Making Commuting Decisions
Enter all the positive and negative factors that you associate with each type of daily commute. Put a plus sign (+) beside factors that you think are an advantage
to that type of commute and a minus sign (-) beside factors that are a disadvantage.
Type of Commute Economic Environmental Health Walk
Bike
Public Transportation
Driving Your Own Vehicle
Summative: Lesson 20 -- Planning a Trip
Learning Goals
In this lesson, I will: 1. use the skills I have learned throughout the course to efficiently and effectively plan a trip
Success Criteria
I can: 1. efficiently and effectively plan a trip
Lesson - Summative Project
Choose a location in Canada that you've always wanted to visit. For this activity, try to choose a distant location like the East or West coast. Then create a reflection that contains the following:
1. What province(s) do you want to visit?
2. Make a list of 5-7 events you'd like to attend, activities you'd like do and locations you'd like to visit. Try to choose events and places that will allow you to travel to different locations in the same general area.
3. What time of year will you want to take your vacation? Think about the events that you want to attend that are dependent on timing (eg., Calgary Stampede) or the season (eg., skiing, fishing, hiking, camping).
Make a Plan
The purpose of this activity is research - you will visit many websites to research the costs of various components (transportation, accommodation, food, activities) you need to think about when you're planning a trip. You will not be booking any travel, just doing the legwork that is required when planning a vacation out of province.
Fly In
You're going to be flying into the general area for this vacation. First, start by selecting the city you will be flying out of in Ontario. Then choose a major city to fly into. You may have a couple of possible choices so try to select a city that will bring you closest to the activities/locations you're interested in.
Plan Your Route
While on vacation, you will be renting a car to visit different parts of the province. In your reflection, you made a list of things you'd like to do while you're on vacation. Using mapping tools like My Maps (https://www.google.com/maps/d/u/0/), by Google, Google Maps (https://www.google.ca/maps),
Listen
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Are you organizing your stops to create an efficient route (ie. no criss-crossing the province)?
Are you planning stops so that you don't drive more than 400-600 kms on your heaviest travel days? Try for 100-200 km if you plan on having a full day of other activities.
Are you organizing your activities so that you alternate between physically demanding days and more relaxing days (eg., a day of skiing followed by a day at museums or a boat tour, not having two heavy travel days in a row, etc...)
Make note of where you will be stopping every day. Will there be places to stay and restaurants to eat in at that location?
Be sure to plan your route so that at the end of your vacation you return to the airport where you can take your flight back to Ontario.
When you have finalized your route, save your route information (if you're using My Maps you can just provide the url of your map or if using Google Maps or Mapquest, take a screenshot and print to PDF).
Make a Budget
In order to create a budget for your trip, you will use this Vacation Planner Spreadsheet (/content/requests/MEL3E_Correspondence_1819/MEL3EU05/MEL3EU05A01/docs/vacationPlanner.xlsx? ou=28179116) and this list of questions to answer (/content/requests/MEL3E_Correspondence_1819/MEL3EU05/MEL3EU05A01/docs/listOfQuestions.docx? ou=28179116).
1. Book a Flight
Mapquest (https://www.mapquest.ca/) or any other online mapping tool, plan a road trip to all the events/locations you want to experience on your trip. The mapping tools will give you the driving time and distance between locations. In order to plan your route, consider:
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Flight
Enter the total cost of the flight (return ticket + surcharges and tax) into the Vacation Planner spreadsheet.
2. Rent a Car
Research the cost and insurance options for renting a car for your vacation. Be sure to pay attention to the conditions of the rental and how the price is calculated (flat daily rate vs. charge per kilometre).
Rental Car
Enter the cost of the car rental into the Vacation Planner spreadsheet. What level of insurance did you purchase for the vehicle? Why do you think added insurance on a rental car is, or is not, worth the extra money?
Pay attention to the extra fees and taxes added to your flight
Use the following websites to pick a flight from your departure city to your destination city. You can use the Air Canada (https://www.aircanada.com/ca/en/aco/home.html) or Westjet (https://www.westjet.com/en-ca/index)website or another airline that flies between the two cities. When you're booking your flight, some of the following factors might be important to you:
When does your flight leave?
Is your flight a direct flight or does it have connecting flights?
What ticket class are you buying? What perks does each class of ticket give you? Which perks are worth the extra money to you?
Be sure to select a return ticket and then finalize your selection. Once you've selected both flights, you will see a screen that includes all the additional fees and taxes for the fare.
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3. Calculate Fuel Costs
Use 101.9¢/L as the average cost of gas for the trip. Using the total distance travelled from your route information and calculate the fuel cost for the trip and add it to the Vacation Worksheet.
Fuel Cost
Enter the cost of the fuel into the Vacation Planner spreadsheet.
4. Plan Your Overnight Stays and Meals
Your food and accommodations will be one of the most expensive parts of your trip. You can use a travel website to find hotels and restaurants in the locations you chose for your overnight stays. You can estimate your meal costs based on what you would normally spend at a restaurant.
Food and Accommodations
Enter the cost of the food and accommodations into the Vacation Planner spreadsheet.
5. Calculate Activity Costs
Do any of the activities you're planning have costs associated with them? Most events or attractions you wish to attend will have websites where you can find information about ticket and admission costs.
Activity Costs
Enter the activities and their associated costs into the Vacation Planner spreadsheet.
6. Shopping for the Trip
Choose one 'big ticket' or expensive item that you would want to buy for this trip. Depending on your planned activities, you might want one of the following:
hiking boots
backpack
skiis
jacket (winter/rain)
tent
binoculars
digital camera
Find a price for the item from:
a. a physical store
b. a Canadian online store
c. an American online store
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Compare the prices of the three retailers. Be sure to calculate currency conversion, shipping costs and possible tariffs for the American retailer.
Activity Costs
Which of the three retailers did you choose to buy from? Did you select the least expensive option or were there other factors you considered when making your decision? Enter the cost of your item into the Vacation Planner spreadsheet.
Assignment
Assignment
Complete all sections mentioned above for the Vacation Planner Spreadsheet. Be sure to include booking a flight, renting a car, fuel costs, planning for food and accommodations, activity costs, and major purchases for the trip.
Also, include all the answers to the questions found on the Questions to Answer worksheet.
Given that this is a final project worth 30% of your overall mark, the overall presentation will be considered in the final grade. Your final project should be well organized and include images / google map screenshots / etc. All calculations must also be included.
Submit your assignment to the Course Culminating Activity (/d2l/common/dialogs/quickLink/quickLink.d2l?ou=28179116&type=dropbox&rcode=eLO- 21877516) dropbox.
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Vacation Planner
Price Tax Total (Price + Tax)
Flight Rental Car $0.00
Fuel Costs $0.00
Hotel and Meals $0.00 $0.00 $0.00
Activity Costs $0.00
Shopping For The
Trip $0.00
Total Cost: $0.00
