Money and Financial Mathematics
Wages, salaries, payslips, overtime, penalty rates, allowances, commission, piecework, tax, deductions, budgets, cash flow, savings goals, simple interest, fees, discounts and practical financial decisions.
Active lessons
18
Status
Active
Lesson flow
Learn -> Guided Practice -> Independent Practice -> Mastery Quiz
How to use this unit
- Start from lesson 1 and move through the pathway in order.
- Use guided practice before attempting independent practice.
- Mastery quizzes check whether the skill is ready for review or extension.
Unit pathway
Lesson pathway
18 of 18 active
Lesson 1
Wages, Salaries and Payslips
Calculate wages and salary amounts, and read simple payslip information.
Lesson 2
Overtime, Penalty Rates and Allowances
Apply overtime, penalty rates and allowances to realistic work rosters.
Lesson 3
Commission and Piecework
Use commission and piecework rates to compare earning structures.
Lesson 4
Tax, Deductions and Net Pay
Calculate net pay from tax withheld and deductions.
Lesson 5
Leave Entitlements and Superannuation
Calculate annual leave pay, leave loading at 17.5%, and employer superannuation contributions at 11% of ordinary earnings.
Lesson 6
Government Benefits and Allowances
Identify Youth Allowance, Family Tax Benefit and Centrelink payments, calculate benefit amounts, and apply income-free area means testing.
Lesson 7
Earning Money Exam Practice
Practise mixed earning-money exam questions using rosters and payslips.
Lesson 8
Medicare Levy and Tax Tables
Calculate the Medicare levy from taxable income, apply PAYG tax tables to find tax withheld, and determine whether a tax return results in a refund or a further payment.
Lesson 9
Earning Money Revision
Activate Year 10 prior knowledge: converting between percentages, fractions and decimals; calculating percentages of quantities; money calculations; converting between time periods.
Lesson 10
Budgets and Cash Flow
Use income, fixed expenses, variable expenses and savings to calculate surplus, deficit and cash flow.
Lesson 11
Saving, Spending and Financial Goals
Plan savings goals, regular deposits, affordability checks and spending decisions.
Lesson 12
Simple Interest
Calculate simple interest, total amounts and compare simple-interest options using principal, rate and time.
Lesson 13
Comparing Financial Decisions
Compare financial choices using total cost, discounts, fees, charges and reasonableness.
Lesson 14
Credit Cards and Consumer Finance
Calculate monthly interest on credit card balances, find minimum payments, track new balances after payments, and compare credit cards with BNPL services.
Lesson 15
GST, Discounts and Consumer Arithmetic
Apply 10% GST to find inclusive prices and pre-GST prices, calculate percentage discounts, and use unit pricing to find the best buy.
Lesson 16
Managing Money Exam Practice
Practise mixed managing-money exam questions using budgets, savings goals, simple interest, fees and financial comparisons.
Lesson 17
Vehicle Costs: Buying and Running
Calculate vehicle purchase costs including deposit, loan repayments, registration and insurance, then analyse ongoing running costs such as fuel, servicing and tyres to find the true cost of ownership.
Lesson 18
Managing Money Revision
Activate Year 10 prior knowledge: percentage increase and decrease; calculating discounts and markups; reading household bills; basic consumer arithmetic.
Part of the Online Learning Package
Unit previews stay public, while individual lessons require active online learning access.