Mathematical Money Management
The focus of Mathematical Money Management is to foster student understanding of mathematical
skills needed to manage money. In this course students will learn the mathematics required to make
informed decisions about money management. This course mandates active and thoughtful participation of
The mathematical skills needed include solving linear equations, manipulating algebraic formulas,
analyzing data, using and manipulating geometric shapes and ideas, in order to make sense out of
complicated situations and solve complex problems. Students will use a variety of representations
(concrete, graphical, and numerical), tools, and technology to link modeling techniques and purely
mathematical concepts to solve financial problems.
This course provides a core senior-level mathematics course for students in the technology/career
education program and an elective senior-level mathematics course for students in the college preparatory
Unit 1 Gross Income
Calculates total time worked from a timecard.
Calculates regular time and overtime pay, total pay for piecework, gross pay based on
hourly wages plus tips, salary, straight commission, and salary plus commission.
Identifies and compares various pay periods.
Unit 2 Net Income
Computes net pay, taking into account federal, state, and local taxes, social security,
and any miscellaneous deductions.
Solves problems related to taxes by computing state, federal, and local income taxes,
property taxes, social security tax, and estate and inheritance taxes.
Discusses different types of taxes and how the funds are used.
Completes federal (1040EZ and 1040A) and state income tax forms for given data.