About This Chapter
About This Chapter
The use of business mathematics helps individuals to efficiently manage business operations and complete the payroll for companies and organizations. In this chapter, you'll see how business areas such as accounting, marketing, forecasting and financial analysis all use some form of business math applications. These applications might include statistics, algebra and elementary-level arithmetic. You'll also find out how business math can be used to compute property taxes and to calculate currency conversion rates. Upon viewing these lessons in business math applications, you should be able to:
- Understand how to calculate payroll
- Explain property tax rates
- Calculate property tax assessments and property values
- Discuss how to choose correct conversion rates
- Calculate the net wages for time and a half work
|Payroll Cost Calculations||Learn about gross and net pay as well as taxes.|
|Property Taxes: Calculations and Rates||Read about property tax rates and assessments.|
|Exchange Rates and Currency Conversion||Use complex calculation to compute exchange rates. Learn how to convert dollars to pesos and pesos to dollars.|
1. Payroll Cost Calculations
Watch this video lesson to learn how the money you earn from a job, your paycheck, is calculated based on the number of hours you have worked. Also learn how taxes are calculated as well as overtime pay.
2. Property Taxes: Calculations & Rates
Depending on where you live, the property taxes for houses are calculated differently. Watch this video lesson to see how the calculations are made based on some example rates.
3. Exchange Rates & Currency Conversion
After watching this video lesson, you will learn how currency conversion works. You will be able to convert from one currency to another with ease. Learn the process behind currency conversion.
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