Mathematics for Work and Everyday Life, Grade 11 (Workplace)

Unit 1: Earning and Purchasing

Understanding pay, payroll deductions, and purchasing power; and comparing prices, discounts, taxes, and everyday purchasing decisions.

• What makes up total earnings
• Different ways and schedules people get paid
• How pay methods and schedules affect spending decisions
• Deciding between job offers with different pay methods
• Government and other payroll deductions
• Estimating and comparing how much payroll deductions take
• Gross pay, net pay, and estimating take-home pay
• Comparing purchasing power and living standards

• Identifying purchasing incentives
• Estimating a sale price before taxes
• Estimating sales tax
• Calculating discounts, sale prices, and after-tax costs
• Identifying forms of taxation built into a price
• Estimating the change from a payment
• Making correct change with currency
• Comparing unit prices to find the best buy
• Comparing the extra costs of different types of purchase transactions
• Making and justifying a purchase decision

Unit 2: Saving, Investing, and Borrowing

Comparing financial services and reading financial statements; understanding simple and compound interest for saving and investing; and comparing borrowing options and costs.

• Comparing savings alternatives and their costs
• Comparing costs and incentives of credit and debit cards
• Reading and interpreting financial statements

• How principal, rate, and time affect simple interest
• Compound interest as repeated simple interest
• Describing how simple and compound interest relate
• How changing time, rate, or period affects an investment
• Solving saving and investing problems with compound interest

• The effects of carrying an outstanding credit card balance
• Comparing features and conditions of personal loans
• Calculating total interest paid on a loan
• How the length of a loan repayment affects principal and interest
• Comparing payment periods and their effect on loan cost
• Understanding credit ratings
• Deciding whether to borrow, and justifying the decision

Unit 3: Transportation and Travel

Owning and operating a vehicle responsibly; planning and costing a road trip; and comparing modes of transportation.

• Getting an Ontario driver's licence: procedures and costs
• Procedures for buying, leasing, or buying a used vehicle
• Vehicle insurance procedures and costs
• Costs and conditions favouring buying, leasing, or buying used
• Consequences of operating a vehicle irresponsibly
• Costs and benefits of using a vehicle for business
• Solving problems with fixed and variable vehicle costs

• Determining distances from map scales
• Planning and justifying a road trip route
• Estimating and reporting on trip costs
• Solving problems about the cost of automobile travel

• The impact of daily travel choices
• Comparing costs and conditions of renting a vehicle
• Gathering information about airplane, train, and bus travel
• Comparing transportation modes to solve problems