November 27,2007 Scribe Post

In today's class we started with mental math on spreadsheets. When we finished correcting the papers, Mr.Kuropatwa began talking about Sales Tax.

• Sales Tax consists of GST and PST:
  GST: Goods & Services Tax (if buying basic needs such as food, clothes)
  PST: Provincial Sales Tax

Mr.Kuropatwa had told us about taxes and how they change every year. He also mentioned a thing or two about what kind of things were never taxed. Such as books, because they contain information to educate, and food because its basic requirement.

Goods & Services Tax

Some examples of GST would be:

• If you buy 6 dozen muffins, you won't be taxed.
• If you buy less than 6 items, you were buying a "service".
• Buying 6 muffins you wouldn't get taxed. (prepared foods)
• A haircut is not a good, it's a service.
• Getting a car fixed is buying a service, which means you get taxed.
  

Provincial Sales Tax

• anything sold in a province gets taxed.

Example:

• used car - no GST
• new car - both GST & PST

Some provinces have HST such as New Brunswick, P.E.I and Quebec. HST stands for Harmonized Sales Tax.

We were given an example to find the Final price of a new computer when taxes are included

EXAMPLE: Dave lives in Nelson, British columbia. How much tax will he have to pay to buy a new computer that costs $2565.00? What will be the final price when taxes are included.

Step (1) Look for B.C tax, PST: (7%) GST (6%)

(2) Find 6% (6/100=0.06)
Find 7% (7/100=0.07)

(3) Multiply the percentage by the cost of the computer:

GST: 0.06 x $2565.00 = $153.90
PST: 0.07 x 2565.00 = $179.55

(4) To find the total tax, add the PST and GST together to get the answer:

$153.90 + $179.55 = $333.45

Next Scribe will be ... Kay-Ti

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Blogging on Blogging

This is my BOB. I'm not sure whether we're supposed to answer all the questions or not, so here I go. I think everyone will agree with me when I say that the rapid math tricks we've learned have made math a lot easier. Knowing me, I am not good at mental math but thankfully Mr.Kuropatwa taught us the 'shortcut'. One of the things I found difficult at the beginning was keeping "track of time" only because I wasn't sure what it meant by "quarter" of an hour and so forth. I get it now because I kind of looked at it the way I would look at money, because a quarter of a dollar is $0.75, and a quarter of an hour is .75 also. This is the end of my blog, enjoy!

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Scribe for: September 7, 2007

In class on friday, we talked and learned about an easier way to multiply by 11 and to find 5% of a number. Multiplying by 11 might be hard for some people but when you know the 'trick' it's alot easier. For example, say for instance you want to find what 45x11 is, all you have to do is write 4 and 5 [leave a space in between]. Add 4 and 5 to get 9. And your answer is.. 495. We also started our first unit: Personal Banking. Mr.Kuropatwa had shown us on the smartboard how to write cheques, withdrawal and deposit slips, and we also got our first booklets on personal banking.

Next lucky scribe will be: James.

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