Ch 9: MTLE Business: Taxation & Financial Calculations

About This Chapter

Using the lessons in this chapter, learn all about the ways businesses handle their money and account for taxes. This chapter will help you prepare for related questions on the MTLE Business exam.

MTLE Business: Taxation & Financial Calculations - Chapter Summary

In this chapter, you will review a variety of business concepts like investment, taxation, and accounting. After completing each of the lessons, you will have explored:

  • Taxation systems
  • Savings accounts
  • Investments
  • Tools for analyzing investments
  • Payroll tax
  • Cash control
  • Preparation of financial statements
  • Recording of inventory sales
  • Accounting for purchases of inventory
  • Mechanisms of depreciation
  • Cost accounting's purpose for management
  • Calculating accumulated depletion
  • Using charts and tables for data
  • Understanding charts and graphs of data

Each lesson has been developed by professionals to provide you with several methods for learning. There are short videos to help illustrate the material and a transcript of the video is included for text-based learning. You will find a self-assessment quiz at the end of each lesson to test your knowledge and see if you need to review the material further. If you'd like to watch a portion of the lesson again, utilize the timeline below the video for easy navigation.

MTLE Business: Taxation & Financial Calculations - Objectives

The MTLE Business exam is taken by educators aspiring to teach business courses to middle and high school students in Minnesota. The exam is comprised of two subtests, and each subtest covers three content areas. The material reviewed in this chapter prepares you for the finance, accounting and computation portion of Subtest 1. Questions in this content area account for 42% of Subtest 1's total score.

The MTLE Business exam's subtests can be taken on the same day or on separate occasions. Each subtest is comprised of approximately 50 multiple-choice questions. You will need a score of 240 or higher on each subtest to qualify for professional certification.

15 Lessons in Chapter 9: MTLE Business: Taxation & Financial Calculations
Test your knowledge with a 30-question chapter practice test
Principles and Systems of Taxation

1. Principles and Systems of Taxation

In this lesson, you'll gain a better understanding of how our tax system works. Look into the different levels of taxation from the federal government to state and local governments.

What is a Savings Account? - Definition & Types

2. What is a Savings Account? - Definition & Types

People use savings accounts to invest their money for short periods of time. They are the most simple, liquid types of short-term investments. Learn about some basic types of savings accounts and then test your knowledge with a quiz.

What is an Investment? - Definition & Overview

3. What is an Investment? - Definition & Overview

Investment is paramount to sustained economic growth and the creation of wealth. In this lesson, you'll learn what an investment is and find out about different types of investors.

Investment Analysis Tools

4. Investment Analysis Tools

The key objective of a corporate finance team is to find ways to optimize the company's resources, including how to invest cash. In this lesson, we'll discuss three important tools that can be used to analyze the potential of any given investment.

What is Payroll Tax? - Definition & Example

5. What is Payroll Tax? - Definition & Example

This lesson will define the payroll tax and explore the various types of payroll taxes. Also, an example that looks at payroll taxes from the viewpoint of the employee will be provided.

Control of Cash: Definition & Methods

6. Control of Cash: Definition & Methods

Cash is a valuable commodity and one that is vulnerable to fraudulent activity. In this lesson, you will learn what makes up a company's cash account as well as how to control cash.

Preparing Financial Statements

7. Preparing Financial Statements

Financial statements are the most sought after reports in the financial industry. In this lesson, you will learn how to prepare them using information found on the adjusted trial balance.

Purchase Requisition: Definition & Process

8. Purchase Requisition: Definition & Process

This lesson explains what a purchase requisition is, how it is used to have purchases approved, and the role it plays in accounting controls. The process of using a purchase requisition is explained, and a quiz follows.

Accounting for Inventory Sales

9. Accounting for Inventory Sales

In order to operate, a business must make sales. In this lesson, we are going to discuss sales of inventory. You will learn the types of sales made, the items that affect sales profit, and the way to record sales in the accounting records.

Accounting for Inventory Purchases

10. Accounting for Inventory Purchases

A merchandising company must purchase inventory, and it has to be accounted for in the accounting records. In this lesson, you will learn how to calculate inventory purchase amounts as well as how to record them in the accounting journals.

Methods of Depreciation

11. Methods of Depreciation

After watching this video lesson, you will understand the differences between the different depreciation methods that are available to you. We will discuss three different methods depending on how you use the equipment that you want to calculate the depreciation for.

The Role of Cost Accounting in Management

12. The Role of Cost Accounting in Management

Accounting can be generally defined as 'showing where the money came from and where it went.' Cost accounting, however, is much more data driven and useful to management. In this lesson, we'll learn how, and why.

Accumulated Depletion

13. Accumulated Depletion

In this lesson, we will learn about accumulated depletion. We will define the term and learn how to calculate it. The lesson will then be concluded with a summary and a quiz.

Using Tables and Graphs in the Real World

14. Using Tables and Graphs in the Real World

We use tables and graphs in algebra as ways to visually show an equation or function. But do we really use these in the real world? Is it that important to learn about tables and graphs? Find out in this video lesson.

Interpreting Graphs and Charts of Scientific Data: Practice Problems

15. Interpreting Graphs and Charts of Scientific Data: Practice Problems

Do charts and graphs make problem-solving difficult? Complex problems with visual representations can drain your brain during a test. In this lesson, learn three simple rules for solving problems with charts and graphs. We'll try them out as we walk through two sample problems.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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