Trans Math: My Sticker
*On page 56 of your FP book, make the following calculations:
1) Your GAI
2) Your federal income tax
3) Your Social Security tax (1.45% of your GAI)
4) Your Medicare (6.2% of your GAI)
5) Add together lines 2, 3, and 4
6) Subtract your tax total from your GAI
NAI - record your net annual income
7) Divide your NAI by 12 (months)
NMI - record your net monthly income
*Once you are satisfied with your numbers, transfer these to your sticker on the front of your FP book.
*Due - PUT YOUR BOOKS on the shelf in Room 1 before school or after the assembly (before the Mercado) on Friday.
Pre-Algebra: pg 365, 8 - 11 and 18 - 21.
*Simple Interest Formula (pg. 362) I = Prt
Answers should include the interest and the balance.
*Compound Interest Formula (pg. 364) A = P(1 + r)exp
(sorry, this format does not accept an exponent!)
Answers will be the new balance.
*Remember that I want to see your work for each formula: which variables you replaced with which numbers.
*Figure these numbers in your calculator - do not use any special function keys, please.
*Record your answer.
*Due: Friday. Please leave your assignments in the basket before school or after the assembly (before the Mercado).
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