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Table of Contents
Skills Workshops. . . . . . .16
Introduction to Skills Workshops . . . . . . . . .16
Using a Calculator for Math Problems . . . .17
Solving Word Problems . . . . . . . . . . . . . . . . . .18
Order of Operations . . . . . . . . . . . . . . . . . . . . .19
Understanding Place Value . . . . . . . . . . . . . .20
Understanding Integers . . . . . . . . . . . . . . . . .21
Adding and Subtracting
Whole Numbers and Decimals . . . . . . . .22
Adding and Subtracting
Negative Numbers. . . . . . . . . . . . . . . . . . . .23
Multiplying and Dividing
Whole Numbers and Decimals . . . . . . . .24
Rounding Numbers. . . . . . . . . . . . . . . . . . . . . .25
Multiplying and Dividing Fractions . . . . . . . .26
Adding Fractions . . . . . . . . . . . . . . . . . . . . . . . .27
Subtracting Fractions. . . . . . . . . . . . . . . . . . . .28
Calculating a Percentage . . . . . . . . . . . . . . . .29
Representing Percentages as
Fractions and Decimals . . . . . . . . . . . . . . .30
Interpreting Graphs . . . . . . . . . . . . . . . . . . . . .31
Unit 1 Earning Money
and Getting Paid . . . . .32
Chapter 1
Ways to Earn Money. . . . . . . . 34
Section 1.1 Earning by the Hour . . . . . .35
What Is Money? . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
Hourly Wages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
Section 1.2 Earning a Salary. . . . . . . . . .41
Salaried Employment. . . . . . . . . . . . . . . . . . . . . . . 41
Pay Periods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42
Section 1.3 Other Ways to Earn . . . . . . .46
Commission. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46
Working as an Independent Contractor . . . . . 49
Income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50
Special Features
Reading Prep . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
Money Matters: Money Facts . . . . . . . . . . . . . 34
FYI. . . . . . . . . . . . . . . . . . . . . . . . . 35–38, 41, 49, 51
Build Your Math Skills. . . . . . . . . . . . . . 35, 41, 46
Financial $marts . . . . . . . . . . . . . . . . . . . . . .43, 47
Career Discovery: Architecture and
Construction Careers . . . . . . . . . . . . . . . . . . . . . 53
Chapter Review
Build Your Vocabulary . . . . . . . . . . . . . . . . . . . . 54
Teamwork . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54
Review Your Math Skills . . . . . . . . . . . . . . . . . . 54
Section Review. . . . . . . . . . . . . . . . . . . . . . . . . . . 56
Reinforce Your Understanding . . . . . . . . . . . . 57
Apply Your Technology Skills . . . . . . . . . . . . . 57
Chapter 2 Understanding
Your Paycheck . . . . . . . . . . . . . 58
Section 2.1 Calculating Taxes. . . . . . . . .59
Federal Withholding. . . . . . . . . . . . . . . . . . . . . . . . 59
Social Security and Medicare Deductions . . . 63
State and City Income Taxes . . . . . . . . . . . . . . . . 65
Net Pay. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68
Section 2.2 Benefi ts . . . . . . . . . . . . . . . . .71
Employee Benefi ts . . . . . . . . . . . . . . . . . . . . . . . . . . 71
Pre-Tax Deductions . . . . . . . . . . . . . . . . . . . . . . . . . 72
Other Benefi ts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 74
Section 2.3 Analyzing Pay. . . . . . . . . . . .78
Comparing Jobs . . . . . . . . . . . . . . . . . . . . . . . . . . . . 78
Getting a Raise . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 81