Applied Math 12/19

Front

What is a check?

Back

A check is a written order directing a bank to pay a specific amount of money from a person's account to another person or entity.

Front

What should be written on line 6 of a check?

Back

Your signature.

Front

What happens to your bank balance when you make a deposit?

Back

Your balance will increase.

Front

How do you calculate sales tax?

Back

Sales tax is calculated by multiplying the price of an item by the sales tax rate.

Front

If Ralph buys a computer for $675 and the sales tax rate is 6%, how much did he pay in total?

Back

Ralph paid $715.50.

Front

What is the formula to calculate the total cost including sales tax?

Back

Total Cost = Price + (Price x Sales Tax Rate) or Total Cost = Price x (1 + Sales Tax Rate).

Front

What does it mean to write an amount in work form?

Back

Writing an amount in work form means expressing it in words, such as 'Sixty-five dollars and twenty-nine cents' for $65.29.

Front

What is the purpose of a bank deposit?

Back

A bank deposit is used to place money into a bank account for safekeeping and future use.

Front

What is the difference between a deposit and a withdrawal?

Back

A deposit adds money to your bank account, while a withdrawal takes money out of your bank account.

Front

What does 'added' mean in the context of sales tax?

Back

In the context of sales tax, 'added' means that the sales tax amount is included in the total price of the item.