Preface 

xi  

Problem Solving with Whole Numbers and Decimals 


2  (54) 

Problem Solving with Whole Numbers 


4  (18) 

Read and Write Whole Numbers 


4  (3) 


7  (1) 


8  (4) 


12  (2) 


14  (2) 


16  (6) 

Problem Solving with Decimals 


22  (9) 

Read, Write, and Round Decimals 


22  (2) 

Add and Subtract Decimals 


24  (2) 

Multiply and Divide Decimals 


26  (5) 

Problem Solving Using Proportions 


31  (5) 

Verify That Two Fractions Form a Proportion 


31  (1) 

Find a Missing Term in a Proportion 


32  (1) 

Use Proportions in Changing Units of Measure 


33  (3) 

Around the Business World: International Monetary Exchange 


36  (20) 


37  (5) 


42  (1) 


42  (1) 


42  (7) 


49  (1) 


50  (6) 

Problem Solving with Fractions and Percents 


56  (62) 

Problem Solving with Fractions 


58  (20) 

Identify Types of Fractions 


58  (4) 

Change a Fraction to an Equivalent Fraction 


62  (2) 

Add and Subtract Fractions and Mixed Numbers 


64  (5) 

Multiply and Divide Fractions and Mixed Numbers 


69  (5) 

Write a Decimal as a Fraction and Write a Fraction as a Decimal 


74  (4) 

Problem Solving with Percents 


78  (16) 

Write a Whole Number, Fraction, or Decimal as a Percent 


79  (1) 

Write a Percent as a Whole Number, Fraction, or Decimal 


80  (3) 

Use the Percentage Formula to Find the Percentage 


83  (3) 

Use the Percentage Formula to Find the Base 


86  (2) 

Use the Percentage Formula to Find the Rate 


88  (2) 

Use the Percentage Proportion to Solve Problems 


90  (4) 

Around the Business World: 2000 Census Bureau Earnings Report 


94  (24) 


95  (6) 


101  (1) 


101  (1) 


102  (8) 


110  (1) 


111  (7) 

Problem Solving with Formulas and Equations 


118  (48) 


120  (8) 


120  (2) 

Write a Formula to Find an Unknown Value 


122  (1) 

Write Electronic Spreadsheet Instructions as Formulas 


122  (6) 


128  (9) 

Solve Equations Using Multiplication or Division 


129  (1) 

Solve Equations Using Addition or Subtraction 


130  (1) 

Solve Equations Using More than One Operation 


131  (1) 

Solve Equations Containing Multiple Unknown Terms 


132  (1) 

Solve Equations Containing Parentheses 


133  (2) 

Solve Equations That Are Proportions 


135  (2) 

Using Equations to Solve Problems 


137  (9) 

Using the Decision Key Approach to Analyze and Solve Word Problems 


137  (9) 

Around the Business World: Budgeting with Formulas and Spreadsheets 


146  (20) 


148  (4) 


152  (1) 


152  (1) 


152  (4) 


156  (1) 


156  (10) 

Statistics, Tables, and Graphs 


166  (40) 


168  (5) 


168  (1) 


169  (1) 


169  (1) 


170  (1) 


171  (2) 


173  (16) 

Read and Construct a Table 


174  (2) 

Read and Construct a Bar Graph 


176  (1) 

Read and Construct a Line Graph 


177  (2) 

Read and Construct a Circle Graph 


179  (2) 

Put Tables and Graphs to Work 


181  (8) 

Around the Business World: Reporting Average Salary 


189  (17) 


190  (4) 


194  (1) 


195  (1) 


195  (6) 


201  (2) 


203  (3) 


206  (54) 


208  (9) 


208  (2) 


210  (2) 

Record Account Transactions 


212  (2) 


214  (3) 


217  (12) 


217  (2) 

Reconcile a Bank Statement with an Account Register 


219  (10) 

Around the Business World: Corporate Bank Accounts 


229  (31) 


231  (5) 


236  (1) 


237  (1) 


237  (14) 


251  (3) 


254  (6) 


260  (38) 


262  (5) 

Find the Gross Pay per Paycheck Based on Salary 


262  (1) 

Find the Gross Pay per Weekly Paycheck Based on Hourly Wage 


263  (1) 

Find the Gross Pay per Paycheck Based on Piecework Wage 


264  (1) 

Find the Gross Pay per Paycheck Based on Commission 


265  (2) 


267  (11) 

Find Federal Tax Withholding per Paycheck Using IRS Tax Tables 


268  (1) 

Find Federal Tax Withholding per Paycheck Using the IRS Percentage Method 


269  (5) 

Find Social Security Tax and Medicare Tax per Paycheck 


274  (2) 

Find Net Earnings per Paycheck 


276  (2) 

The Employer's Payroll Taxes 


278  (4) 

Find an Employer's Total Deposit for Withholding Tax, Social Security Tax, and Medicare Tax per Pay Period 


278  (1) 

Find an Employer's SUTA Tax and FUTA Tax Due for a Quarter 


279  (3) 

Around the Business World: Pretax Medical Insurance Premiums and Garnishments 


282  (16) 


283  (4) 


287  (1) 


288  (1) 


288  (5) 


293  (1) 


294  (4) 


298  (38) 

Net Price and the Trade Discount 


300  (4) 

Find the Trade Discount Using a Single Trade Discount Rate; Find the Net Price Using the Trade Discount 


300  (1) 

Find the Net Price Using the Complement of the Single Trade Discount Rate 


301  (3) 

Net Price and the Trade Discount Series 


304  (6) 

Find the Net Price, Applying a Trade Discount Series and Using the Net Decimal Equivalent 


305  (2) 

Find the Trade discount, Applying a Trade Discount Series and Using the Single Discount Equivalent 


307  (3) 

Net Amount and the Cash Discount 


310  (10) 

Find the Cash Discount and the Net Amount Using Ordinary Dating Terms 


311  (2) 

Interpret and Apply EndofMonth (EOM) Terms 


313  (1) 

Interpret and Apply ReceiptofGoods (ROG) Terms 


314  (1) 

Find the Amount Credited and the Outstanding Balance from Partial Payments 


315  (1) 


316  (4) 

Around the Business World: Rebates and BillBacks 


320  (16) 


321  (4) 


325  (1) 


325  (1) 


326  (5) 


331  (1) 


332  (4) 


336  (38) 


338  (10) 

Find the Markup, Cost, Selling Price, Rate of Markup, or Rate of Selling Price When the Markup is Based on Cost 


338  (3) 

Find the Markup, Cost, Selling Price, Rate of Markup, or Rate of Cost When the Markup Is Based on Selling Price 


341  (4) 

Compare Markup Based on Cost with Markup Based on Selling Price 


345  (3) 


348  (3) 

Find the Markdown, Reduced (New) Price, Original Selling Price, Rate of Markdown, or Rate of Reduced (New) Price 


348  (3) 

Markup and Markdown Series 


351  (7) 

Find the Final Selling Price for a Series of Markups and Markdowns 


351  (3) 

Find the Selling Price to Achieve a Desired Profit (Markup) 


354  (4) 

Around the Business World: Congressional Pay Raises 


358  (16) 


360  (4) 


364  (1) 


364  (1) 


364  (4) 


368  (1) 


369  (5) 

Simple Interest and Simple Discount 


374  (42) 

The Simple Interest Formula 


376  (9) 

Find Simple Interest Using the Simple Interest Formula 


376  (2) 

Find the Maturity Value of a Loan 


378  (2) 

Convert Months to a Fractional or Decimal Part of a Year 


380  (1) 

Find the Principal, Rate, or Time Using the Simple Interest Formula 


381  (4) 

Ordinary and Exact Time and Interest 


385  (8) 

Find Ordinary and Exact Time 


385  (2) 


387  (1) 

Find the Interest Using the Ordinary and Exact Interest Rates 


388  (3) 

Find Simple Interest Using a Table 


391  (2) 


393  (6) 

Find the Bank Discount and Proceeds for a Simple Discount Note 


394  (1) 

Find the Bank Discount and Proceeds for a ThirdParty Discount Note 


395  (4) 

Around the Business World: 90 Days Same as Cash! Deals 


399  (17) 


400  (5) 


405  (1) 


405  (1) 


406  (6) 


412  (1) 


413  (3) 

Compound Interest, Future Value, and Present Value 


416  (32) 

Compound Interest and Future Value 


418  (12) 

Use the Simple Interest Formula to Find the Future Value 


418  (2) 

Find the Future Value Using a $1.00 Future Value Table 


420  (4) 

Find the Effective Interest Rate 


424  (1) 

Find the Interest Compounded Daily Using a Table 


425  (5) 


430  (4) 

Find the Present Value Based on Annual Compounding for One Year 


430  (1) 

Find the Present Value Using a $1.00 Present Value Table 


431  (3) 

Around the Business World: Maximize Your Investments: Start Early! 


434  (14) 


436  (3) 


439  (1) 


439  (1) 


440  (3) 


443  (2) 


445  (3) 

Annuities and Sinking Funds 


448  (32) 

Future Value of an Annuity 


450  (9) 

Find the Future Value of an Ordinary Annuity Using the Simple Interest Formula Method 


450  (1) 

Find the Future Value of an Ordinary Annuity Using a $1.00 Ordinary Annuity Future Value Table 


451  (2) 

Find the Future Value of an Annuity Due Using the Simple Interest Formula Method 


453  (1) 

Find the Future Value of an Annuity Due Using a $1.00 Ordinary Annuity Future Value Table 


454  (5) 

Sinking Funds and the Present Value of an Annuity 


459  (6) 

Find the Sinking Fund Payment Using a $1.00 Sinking Fund Payment Table 


459  (2) 

Find the Present Value of an Ordinary Annuity Using a $1.00 Ordinary Annuity Present Value Table 


461  (4) 

Around the Business World: Even YOU Can Become a Millionaire 


465  (15) 


467  (3) 


470  (1) 


470  (1) 


471  (3) 


474  (1) 


475  (5) 


480  (49) 


482  (3) 

Find the Installment Price Given the Installment Payment 


482  (1) 

Find the Installment Payment Given the Installment Price 


483  (2) 

Paying a Loan Before It Is Due: The Rule of 78 


485  (4) 

Find the Interest Refund Using the Rule of 78 


485  (4) 


489  (5) 

Find the Unpaid Balance Using the Unpaid Balance Method 


490  (1) 

Find the Unpaid Balance Using the Average Daily Balance Method 


491  (3) 


494  (7) 

Estimate the Annual Percentage Rate Using the Constant Ratio Formula 


495  (1) 

Find the Annual Percentage Rate Using a Table 


496  (5) 


501  (8) 

Find the Monthly Mortgage Payment and Total Interest 


502  (3) 

Complete a Monthly Amortization Schedule 


505  (4) 

Around the Business World: Debt Snowball 


509  (20) 


512  (5) 


517  (1) 


518  (1) 


518  (5) 


523  (2) 


525  (4) 
Answers to OddNumbered Problems 

529  (14) 
Glossary/Index 

543  