*Introduction to Business Math & Personal Finance *gives students a brief look into the world of buying and selling merchandise for a business including trade and cash discount, and markup and markdown. It also provides some basic tools for calculating payroll deductions and other required employer payments including FICA and unemployment taxes.

The book also covers important personal finance information on topics such as simple and compound interest for loans and deposits, as well as installment payments and retirement accounts.

Students learn to use scientific calculators with complex formulas instead of looking up information on tables. It is a true mathematics book using algebraic concepts.

**I Algebra Review**

Chapter 1 Fractions and Decimals

Section 1.1 Converting Fractions to Decimals

Section 1.2 Rounding 4

a. Round Decimals to the Nearest Hundredth

b. Round Money to the Nearest Cent and Nearest Dollar

**Chapter 2 Order of Operations**

Section 2.1 Apply the Order of Operations by Hand

Section 2.2 Apply the Order of Operations with a Scientific Calculator

**Chapter 3 Solving Linear Equations and Word Problems**

Section 3.1 Solving Linear Equations and Proportions

a. Solving Linear Equations That Contain Parentheses and Like Terms

b. Solving Linear Equations That Have the Unknown on Both Sides of the Equals Sign

c. Solving Proportions

Section 3.2 Solving Word Problems

a. Solving Word Problems Involving Quantities

b. Solving Word Problems Involving Dollar Amounts

**Chapter 4 Formulas**

Section 4.1 Use Formulas

Section 4.2 Rearrange Formulas

**Chapter 5 Percents**

Section 5.1 Interpretation of Percents

Section 5.2 Percent Conversions

a. Convert Percents to Decimals

b. Converting Decimals to Percents

c. Converting Fractions to Percents

Section 5.3 Basic Percent Problems

Section 5.4 Percent Increase or Decrease

Section 5.5 Compounding of Percents

**Chapter 6 Basic Statistics**

Section 6.1 Find Mean, Median, Mode, and Range

a. Measures of Central Tendency

b. Range

Section 6.2 Frequency Distribution Tables

**II Business**

Chapter 7 Buying Merchandise

Section 7.1 Trade Discounts

Section 7.2 Cash Discounts

Section 7.3 Partial Payments

**Chapter 8 Selling Merchandise**

Section 8.1 Markup Formula

a. Markup Based on Cost or Markup Based on Selling Price

Section 8.2 Markdown

a. Use a Single Markdown

b. Use a Series of Markdowns

c. Find the Selling Price for Perishable or Seasonal Goods

**Chapter 9 Preparing Payroll**

Section 9.1 Gross Pay and Net Pay

a. Find Gross Pay Based on Salary, Hourly Wage, or Commission

b. Find FICA Deductions

c. Use the Percentage Method to Find the Federal Withholding Tax Deduction

d. Find Net Pay

Section 9.2 Find Employer Payroll Taxes

a. Find Employer FICA Payments

b. Find Employer Federal Unemployment Tax Payments

**III Personal Finance**

Chapter 10 Simple Interest

Section 10.1 Simple Interest Formula and Maturity Value

a. Find the Time Fraction, T, in the Simple Interest Formula

b. Use the Simple Interest Formula to Find Interest, Principal, Rate, or Time

c. Find Maturity Value and Maturity Date

Section 10.2 Partial Payments

a. Find the Amount Credited for a Partial Payment and the Outstanding Balance

**Chapter 11 Compound Interest**

Section 11.1 Use the Future Value of a Single Deposit Formula

Section 11.2 Use the Present Value of a Single Deposit Formula

Section 11.3 Use the Future Value of an Annuity Formula

Section 11.4 Use the Present Value of an Annuity Formula

**Chapter 12 Installment Payments**

Section 12.1 Installment Payment Formula

a. Use the Installment Payment Formula to Find the Monthly Payment on a Loan or Purchase

b. Use the Installment Payment Formula to Find the PI Portion of a Mortgage Payment

c. Find the Taxes and Insurance Portion of a Mortgage Payment and the Total Principal, Interest, Tax, and Insurance Mortgage Payment

Section 12.2 Payments from Accounts

a. Find the Monthly Withdrawal to Maintain a Static Balance

b. Find the Monthly Withdrawal to Maintain an Increasing Balance

c. Find the Monthly Withdrawal to Deplete the Balance

**Appendices **

2019 Withholding Allowance Table

2019 Percentage Method Tables for Income Tax Withholding

Table of Days

Simple and Compound Interest Formulas