Aim: How can we balance our checkbook accurately to keep a

record of our finances? Do Now: 1. Get calculator2. Kelly is a bank teller. She earns $13.50 per hour. How many hours per week must she work if she wants to earn at least $550.00 per week?

Tuesday Oct. 14, 2013

1) Marney is a sales associate. She earns an hourly rate of $9.40 and time and a half if she works any overtime. Last week she worked 28 hours plus 6 hours overtime. What is Marney’s:

a) straight-time payb) overtime payc) total pay

Calculating pay:

Checking accounts are used for depositing currency and checks and for writing checks

to pay expenses. A checking account is a safe place to hold money, and its records provide information for tracking expenses.

Terms Currency Deposit

Checking Accounts:

Aim: How can we balance our checkbook accurately to keep a record of our finances?

Checks, currency or coins put into a bank account: ____________

Taking money out of a bank account: ________

Transaction VocabularyAim: How can we balance our checkbook accurately to keep a record of our finances?

In the present day most people have moved away from using a checkbook to balance

their account.

Why is it important to check the bank statement/reconciliation if you are not

going touse a checkbook?

Bank Statements/ReconciliationsAim: How can we balance our checkbook accurately to keep a record of our finances?

Christopher’s checking account has a beginning balance of $576.34. He wrote two checks. The first one was for $123.90. he forgot to record the second check in his checkbook. His current balance is $235.78. What was the amount of the second check?

Checking for Understanding

Aim: How can we balance our checkbook accurately to keep a record of our finances?

1) Mariana is a licensed physical therapist assistant. She earns an hourly rate of $10.50 and time and a half if she works any overtime. Last week she worked 21 hours plus 4 hours overtime. What is Mariana’s:

a) straight-time payb) overtime payc) total pay

Calculating pay: