Year 9 – 12 Financial Mathematics Exit Tickets-Calculating Incomes (Salaries)

Financial Mathematics Exit Tickets

For teachers to assess students’ understanding of how to calculate hourly, weekly, fortnightly, monthly, and yearly earnings from salaries.

Grades: 9th to 12th

Skill Focus:

• Calculating elapsed time

• Rounding money to the nearest cent.

• Converting income from one period to another.

The estimated time for each exit ticket is 10 minutes to 20 minutes.

Learning Outcomes:

• Calculate hourly, weekly, fortnightly, monthly and yearly earnings from salaries

Comply with Australian Curriculum:

– Calculate weekly or monthly wage from an annual salary, wages from an hourly rate (ACMGM002)

– Convert units of rates occurring in practical situations to solve problems (ACMEM015)