Standard Deviation

In class today we corrected lesson 2 standard deviation numbers 1 - 6. When finding the square root the number will always be positive. To find the range you must subtract the biggest number and the smallest number. To find the mean you must add all the numbers and then divede them by how many numbers there are Ex: 57+58+59+60/4 = 58.5 = th mean.

Pilot Test..

Mr. Max talked bout a pre exam called the Pilot Test... He asked us all if we were interested in writing it, it is a 90 min test and we have from between December 11 and January 18 to decide on doing the test. What's your decision on this?? Hang a comment on the post and let Max know.

Oct.26

we worked on Lesson 1 percentiles on friday page V-F-6 to V-F-7 # 1-7. and the assignment we start next was on Lesson 2 Measures Of Variability-Standard Deviation the assignment was on page V-F-14 to V-F-17 # 1-6.

Oct 29, 2007

At the beginning of class Mr. Max made a "plan" for the class because he didnt have his computer and smart board hooked up.... We talked about MOGA madness that is happening on Wed afternoon. He encourages us to buy a bag of grain to support our school, so get out there and buy some grain make the Big Guy happy...
This Friday is parent teacher and us students are welcome to attend with our parents. The Big Guy isnt going to say anything mean or humiliating (unless you really deserve it!!) he is just going to let your parents know how your progress in his class is going.
Mr. Max is checking our homework assignment from Friday. They were the statistics questions lesson 1 and 2.
So remember all y'all buy some grain support the case...

Lesson 2: Measures Of Variability

How to Determine Mean: example: 42+53+59+66+68+68+71+76+83+94 You then take those numbers add them all up and divide by how many there are so in this case there are 10 so divide it by 10 and which is 68.

Statistics...

Today in math we started a new chapter.... "Statistics"...

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WARNING: When you are searching for weird things, your going to find things that won't be applicable to what we are learning.

We did a test Review for Government finances, curancy conversions – buying rate – selling rate, Provincial, Municipal, and statement and demand for taxes.

Statement and Demand for Taxes Quiz

So, yesterday, we spent much of the class going over our last quiz. Apparently, many people followed my lead and bombed. We did worse than our teacher expected.


It makes perfect sense now, doesn't it?! Yeah, it should be pretty simple if you suck it up and write many, many numbers!




At least now I know where the heck those silly sidewalks go. It's nice how it's colour coded, too, I must admit. But look back at the first one.

The colours are different. Darn, well, so much for that.

We should pay better attention from now on - we need to pass Math. Because only by passing math can we:

!!!!

Federal Revenues and Ependitures

The federal government spends around 27% of it's total budget against interest charges, and the remaining 73% is used to support all federal government.

The 3 largest program expenditures of the federal government are National Defence, Other, Solicitor General, and Public Works.



Currency Conversions

Bank Buying - bank buy's foreign currency from you

Bank Selling - bank sells foreign currency to you



The difference in the bank buying and bank selling is that the bank can make a profit for providing the service of exchanging currency.



Importing Foreign Goods

Importing - bringing something across a national border, into a country.

Exporting - sending something across a national border out of a country.



Kinds of countries -

North American Free Trade Agreement (N.A.F.A)

Most favourite Nation (M.F.N.)

General Preferential (G.P.)



Customs Duties - paid at border to a government for bringing goods across.

Excise Taxes - another form of payment required paid to government for brining luxury across a border.



5 Steps

1. Convert to canadian

2.Duty (if applicable) on goods. Added to canadian conversion

3.Excise Taxes (if applicable).

4.GST ( on the sum of 1+2+3) 6% on tax
5.Add (1+2+3+4=5)

Provincial Revenues and Expenditures
Corporation Capital Tax is a tax on the annual paid - up capitial of corporations which have a permanent establishment in manitoba.
Gasoline tax has a provincial tax of 11.5 cents /L.. and diesel fuel has a provincial tax of 10.9cents/L
Tabacco Taxs 8 cents per cigarettes. Looose tabacco 5.3 cents per gram.

Municipal Revenues and Expenditures
Total Revenue Required
Property Tax Rate= ____________________
Total Portioned Assesment
Portioned Assesment = Market Value Assesment x portion Percentage

Factors that influence market value; age, location, size, landscaping, driveway, out buildings.

Statement and Demand for Taxes
Total Portioned Assesment
General Municipal Tax= ----------------------------------------- x Municipal Mill Rate
1000

Two factors influencing how much your property taxes are:
1. assed value of property
2. local rate of taxation ( mill rate)

Today Oct.18th we worked on mental math followed by statement and demand for taxes for part of the class, 1-9 which were corrected.

Spreadsheet assignment

The assignment we did for today was the assignment we did yesterday which was a spreadsheet assignments.
We use $250 for homeowner's tax credit.
The assignment was Lesson #4 V-E-37 to V-E-41
Questions were 1-9 all.

Spreadsheet assignment

The assignment we did for today was the assignment we did yesterday which was spreadsheets.

We had to use $250 for Homeowner's tax credit.
The assignment was Lesson #4 V-E-37 to V-E-41.

Questions were 1-9.

Municipal Revenues and Expenditures

This is the assignment we did friday. (2-10 evens only) For the students that missed friday questions 1-9 odds will be due for tuesday.

Assignment 2-10 evens(V-E-30) is above

Provincial Revenues

When doing GST and PST, there is a wrong way and a right way. Unfortunatly the wrong way is the fast way.

Fast Way/Wrong Way: 879.99 x 1.13 = 994.39. You can't add the tax together you have to do each tax separately. GST = 6%, PST = 7%.

We also learned that 0.599 is the same as 59.9. 0.599 is in dollars and 59.9 is in cents.

Some Important tax numbers that you will have to know them for the provincial exam. 11.5 cents/l for gas and 10.9 cents/l for diesel. You should also know that tax for cigarettes is 8 cents per cig, $16.00 per carton and 5.3 cents for loose tobacco.

Gasoline taxes

Province
Regular¢/L
Diesel
Comment
Alberta
19.0¢
13.0
Additional taxes include 6% GST.
British Columbia
24.5¢
19.0
Additional taxes include 6% GST.
Manitoba
21.5¢
15.5
Additional taxes include 6% GST.
New Brunswick
24.5¢
20.9
Additional taxes include 14% HST.
Newfoundland
26.5¢
20.5
Additional taxes include 14% HST.
Northwest Territories
20.7¢
13.1
Additional taxes include 6% GST
Nova Scotia
25.5¢
19.4
Additional taxes include 14% HST.
Nunavut
16¢
13.1
Additional taxes include 6% GST
Ontario
24.7¢
18.3
Additional taxes include 6% GST.
Prince Edward Island
30.9¢
24.0
Additional taxes include 6% GST
Quebec
25.2¢
20.2
Additional taxes include 6% GST and 7.5% Provincial Sales Tax.
Saskatchewan
25¢
19.0
Additional taxes include 6% GST
Montreal
25.2¢
20.2
Additional taxes include 6% GST, 7.5% Sales Tax and 1.5¢ Transit Tax.
Vancouver
24.5.5¢
25.0
Additional taxes include 6% GST and 6.0¢ Transit Tax.

Diesel Tax

Clear Diesel 11.5¢ May 1, 2004
Railway Diesel 6.3¢ January 1, 1995
Commercial Heating Oil 1.9¢ April 1, 1987
Bunker Fuel 1.7¢ April 1, 1987

http://www.gov.mb.ca/finance/taxation/taxes/motivefuel.html

Gas taxes

As of january 2005 gas and diesel are now subject to a federal tax of $0.10 for regular gasoline and $0.04 for diesel.

Tobacco

Tobacco Tax
The Tobacco Tax applies to cigarettes and all other tobacco products at the following rates:
Cigarettes - 17.5¢ ($35.00 per carton)
Cigars - 75% of retail selling price (maximum tax $5.00 per cigar)
Raw leaf tobacco - 15.0¢ per gram
Fine cut tobacco and all other tobacco products - 16.5¢ per gram
A person may possess the following amounts of tobacco products that are not marked or stamped for use in Manitoba when they enter Manitoba from another province or from outside Canada:
One carton of cigarettes (200 cigarettes), and
200 grams (7 ounces) of fine cut tobacco, and
50 cigars or cigarillos
Tobacco in excess of these limits is subject to Manitoba tobacco tax and retail sales tax, which is payable upon entry into Manitoba. For instructions on how to pay the tax owing on tobacco imported into Manitoba, please contact our Winnipeg office at (204) 945-5603 or Manitoba toll-free at 1-800-782-0318. For information on importing tobacco into Canada through a Canada/United States border, please visit the Canada Border Services Agency web site at www.cbsa.gc.ca.
The possession limit for tobacco without a valid Tobacco Dealer’s Licence or Permit is 5 cartons of cigarettes or 1,000 grams of tobacco.

Diesel Tax...

Quebec added a carbon tax onto there diesel fuel: http://www.trucknews.com/issues/ISArticle.asp?id=74354&issue=10012007
The province decided to do this on a plan to tackle greenhouse gas emissions. The "Green Tax" is helping the province meet its Kyoto targets. It hiked up 0.8 cents and will also be added on to gasoline it will generate about $200 million per year. $36 million on diesel fuel alone.

Tobacco tax

click on this to see

Unit Summary #1

Life Insurance- financial security in the event of your death, vocabulary: Policy, the insurance contract that contains that legally enforcable agreement between the insurer and the insured. Premium, the amount of money the insured pays the insurer for the policy, normally made monthly, semi anually or anually.
Types of insurance: Term Insurance it is purchased for a fixed and limited number of years usually 1,5,10,15 or 20 years. Renewable at end of term, premiums increase because your age increases or other risk factors. If the policy holder dies after the term then the beneficiary receives nothing. Permanent insurance, more than just life insurance protection its also an investing component. Pay more at the start than protection alone.
Whole life insurance: pay premiums for as long as you live
Universal life: choice of how your cash surrender value is invested
Cash surrender value: amount of money accumulated and invested above and beyond the cost of the insurance.
Home owners insurance: Protect you from financial loss, whether you own or rent, in the event of a fire, burglary or storm. Pay deductable if you make a claim. Closed mortgages, open mortgages, convertible mortgages.
Mortgages: loan secured by property, principal the amount of money you borrow, interest the amount of money you pay to borrow. Amortization period, the # of years it will take you to pay off the entire mortgage.
Mortgage spreadsheets:
Initial cost in purchasing a home: down payment, sale closing costs & extras, inspection fees, mortgage application fee, appraisal fee, sales taxes, service charge, legal fees, closing adjustment costs, land transfer tax.
Affordable housing: Gross Debt Service Ratio, should not exceed 32% of your gross income.