Contents
7
Special Features
Reading Prep . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58
Money Matters: Checks. . . . . . . . . . . . . . . . . . . 58
FYI. . . . . . . . . . . . . . . . . . 59, 61, 65, 72, 74–75, 84
Build Your Math Skills. . . . . . . . . . . . . . 59, 71, 78
Financial $marts . . . . . . . . . . . . . . . . . . . . . .60, 81
Career Discovery: Government and
Public Administration Careers . . . . . . . . . . . . 63
Chapter Review
Build Your Vocabulary . . . . . . . . . . . . . . . . . . . . 86
Teamwork . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86
Review Your Math Skills . . . . . . . . . . . . . . . . . . 86
Section Review. . . . . . . . . . . . . . . . . . . . . . . . . . . 88
Reinforce Your Understanding . . . . . . . . . . . . 89
Apply Your Technology Skills . . . . . . . . . . . . . 89
Chapter 3 Income Taxes. . . . . . 90
Section 3.1 Federal Taxes . . . . . . . . . . . .91
Filing a Tax Return . . . . . . . . . . . . . . . . . . . . . . . . . . 91
Taxable Income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 92
Tax Due and Refunds . . . . . . . . . . . . . . . . . . . . . . . 96
Section 3.2 Capital Gains Taxes . . . . . . .99
What Is a Capital Gain? . . . . . . . . . . . . . . . . . . . . . 99
Capital Gains Tax. . . . . . . . . . . . . . . . . . . . . . . . . . 100
Capital Losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 102
Section 3.3 Other Income Taxes . . . . 105
Self-Employment Tax . . . . . . . . . . . . . . . . . . . . . . 105
Estate and Inheritance Taxes. . . . . . . . . . . . . . . 107
Gift Tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 109
Special Features
Reading Prep . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90
Money Matters: Taxes . . . . . . . . . . . . . . . . . . . . 90
FYI. . . . . . . . . . . . . 91, 93, 97, 100–104, 106–107
Build Your Math Skills. . . . . . . . . . . . . 91, 99, 105
Financial $marts . . . . . . . . . . . . . . . . . . . . .96, 105
Career Discovery: Finance Careers . . . . . . . 101
Chapter Review
Build Your Vocabulary . . . . . . . . . . . . . . . . . . . 110
Teamwork . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 110
Review Your Math Skills . . . . . . . . . . . . . . . . . 110
Section Review. . . . . . . . . . . . . . . . . . . . . . . . . . 112
Reinforce Your Understanding . . . . . . . . . . . 113
Apply Your Technology Skills . . . . . . . . . . . . 113
Unit 1
Summative Assessment . . . 114
Unit 2 Banking,
Purchasing, and
Budgeting . . . . . . . . . .118
Chapter 4 Banking Basics . . . . 120
Section 4.1 Opening an Account. . . . 121
Banking Overview . . . . . . . . . . . . . . . . . . . . . . . . . 121
Opening an Account. . . . . . . . . . . . . . . . . . . . . . . 121
Making a Deposit . . . . . . . . . . . . . . . . . . . . . . . . . 122
Section 4.2 Checking Accounts . . . . . 125
Writing a Check . . . . . . . . . . . . . . . . . . . . . . . . . . . 125
How Checks Work . . . . . . . . . . . . . . . . . . . . . . . . . 128
Reconciling a Bank Statement . . . . . . . . . . . . . 130
Keeping Track of Your Money . . . . . . . . . . . . . . 132
Section 4.3 Savings Accounts . . . . . . 138
Ways to Save Money. . . . . . . . . . . . . . . . . . . . . . . 138
Certifi cates of Deposit . . . . . . . . . . . . . . . . . . . . . 140
Money Market Accounts . . . . . . . . . . . . . . . . . . . 140
Earning Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . 141
Special Features
Reading Prep . . . . . . . . . . . . . . . . . . . . . . . . . . . 120
Money Matters: Federal Deposit
Insurance Corporation (FDIC) . . . . . . . . . . . . 120
FYI. . . . . . . . . . . . . .121–122, 128–130, 132, 138,
141–143, 145
Build Your Math Skills. . . . . . . . . . .121, 125, 138
Financial $marts . . . . . . . . . . . . . . . . . . . 128, 140
Career Discovery: Business Management
and Administration Careers. . . . . . . . . . . . . . 122
Chapter Review
Build Your Vocabulary . . . . . . . . . . . . . . . . . . . 150
Teamwork . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150
Review Your Math Skills . . . . . . . . . . . . . . . . . 150
Section Review. . . . . . . . . . . . . . . . . . . . . . . . . . 151
Reinforce Your Understanding . . . . . . . . . . . 152
Apply Your Technology Skills . . . . . . . . . . . . 153