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FBLA Business Calculations aligned with Common Core
Competency: Depreciation
Tasks
1. Distinguish between straight-line
method, declining balance method,
sum of the years digits method, and
MACRS method.
2. Determine straight-line depreciation
for a year.
3.
4.
5.
6.14
FBLA: Business Calculations
CCSS Standards Addressed
Description
RST.9-10.4
RST.11-12.4
RST - Determine the meaning of symbols,
key terms, and other domain-specific
words and phrases
A-SSE.4
A - Derive the formula for the sum of a
finite geometric series, and use the
formula to solve problems ★
A - Derive the formula for the sum of a
finite geometric series, and use the
formula to solve problems ★
A - Derive the formula for the sum of a
finite geometric series, and use the
formula to solve problems ★
A - Derive the formula for the sum of a
finite geometric series, and use the
formula to solve problems ★
Description
Determine the depreciation expense
on plant assets by the sum of the
years digits and declining balance.
Determine modified accelerated cost
recovery system depreciation.
A-SSE.4
Use the straight-line depreciation
method to find the value of an asset.
A-SSE.4
A-SSE.4
Competency: Bank Records
CCSS Standards Addressed
Tasks
1. Compare different types of banking
options such as credit unions and
other banks.
WHST.9-10.9
WHST.11-12.9
WHST - Draw evidence from
informational texts to support analysis,
reflection, and research
2.
Identify the types of banking services
and their costs for meeting various
needs.
RST.9-10.9
RST.11-12.9
RST - Synthesize information from a
range of sources into an understanding of
a process, phenomenon, or concept,
resolving conflicting information when
possible
3.
Write a check, prepare deposits, and
prepare withdrawal slips.
4.
Maintain a check register including
proper procedures for ATM and
automatic payment withdrawals.
5.
Reconcile a bank statement.
6.
Utilize online banking and bill
payment options securely.
Competency: Consumer Credit
Tasks
1. Identify the costs, benefits, and
sources of various types of credit.
CCSS Standards Addressed
Description
WHST.9-10.9
WHST.11-12.9
2. Calculate sales tax and compute total
price with sales tax.
A-CED.4
3. Compute total purchase price with
interest/finance charges added.
4. Compute the costs involved in owning
and buying an item such as an
automobile, appliances, home, or
furniture.
RST.9-10.3
RST.11-12.3
A-CED.3
WHST - Draw evidence from
informational texts to support analysis,
reflection, and research
A - Rearrange formulas to highlight a
quantity of interest, using the same
reasoning as in solving equations ★
RST - Follow precisely a complex
multistep procedure
A - Represent constraints by equations or
inequalities, and by systems of equations
and/or inequalities, and interpret
solutions as viable or nonviable options in
a modeling context ★
1
FBLA Business Calculations aligned with Common Core
6.14
5. Compute finance charges for single
payment loans.
A-SSE.4
A - Derive the formula for the sum of a
finite geometric series, and use the
formula to solve problems ★
A - Derive the formula for the sum of a
finite geometric series, and use the
formula to solve problems ★
6. Calculate installment loan costs such as
amount financed, installment price,
finance charge, and installment
payment.
7. Find the estimated annual percentage
rate (APR) using a table.
8. Compare costs of leasing and buying.
A-SSE.4
9. Find the finance charge and new
balance using the average daily balance
method.
10. Read amortization tables to determine
payment, interest and balance.
11. Compute Annual and monthly
Percentage Rate for credit cards or
loan.
12. Find the monthly mortgage payment.
A-SSE.4
A - Derive the formula for the sum of a
finite geometric series, and use the
formula to solve problems ★
A-SSE.4
13. Find the total interest on a mortgage
and the PITI.
A-SSE.4
14. Prepare a partial amortization
schedule of a mortgage.
A-SSE.4
15. Compare the total interest paid on a
15-year and 30-year fixed rate
mortgage.
16. Define and compare the interest only,
fixed rate, and adjustable rate loans.
A-SSE.4
Competency: Data Analysis and
Reporting
Tasks
1. Using a data set, determine mean,
median, and mode.
CCSS Standards Addressed
A - Derive the formula for the sum of a
finite geometric series, and use the
formula to solve problems ★
A - Derive the formula for the sum of a
finite geometric series, and use the
formula to solve problems ★
A - Derive the formula for the sum of a
finite geometric series, and use the
formula to solve problems ★
A - Derive the formula for the sum of a
finite geometric series, and use the
formula to solve problems ★
A - Derive the formula for the sum of a
finite geometric series, and use the
formula to solve problems ★
RST - Determine the meaning of symbols,
key terms, and other domain-specific
words and phrases
WHST - Draw evidence from
informational texts to support analysis,
reflection, and research
Description
2. Distinguish between a simple average
and a weighted average and calculate
each.
RST.9-10.4
RST.11-12.4
A-SSE.4
RST.9-10.4
RST.11-12.4
WHST.9-10.9
WHST.11-12.9
RST.9-10.4
RST.11-12.4
RST - Determine the meaning of symbols,
key terms, and other domain-specific
words and phrases
RST - Determine the meaning of symbols,
key terms, and other domain-specific
words and phrases
2
FBLA Business Calculations aligned with Common Core
6.14
3. Identify and construct various types of
graphs and charts
F-IF.4
S-CP.4
F - For a function that models a
relationship between two quantities,
interpret key features of graphs and tables
in terms of the quantities, and sketch
graphs showing key features given a
verbal description of the relationship ★
S - Construct and interpret two-way
frequency tables of data when two
categories are associated with each object
being classified. Use the two-way table as
a sample space to decide if events are
independent and to approximate
conditional probabilities
S - Construct and interpret two-way
frequency tables of data when two
categories are associated with each object
being classified. Use the two-way table as
a sample space to decide if events are
independent and to approximate
conditional probabilities
S - Evaluate reports based on data
4. Compile and arrange facts in organized
manner for a table, chart, or figure.
S-CP.4
5. Explain or prepare written summary of
findings expressed in tables, charts,
graphs and figures.
6. Make predictions and decisions based
on data and communicate their
reasoning.
S-IC.6
7. Explain the usage of statistics,
probability, and systems of
measurement in business.
S-IC.1
S-IC.3
S-CP.5
Competency: Insurance
CCSS Standards Addressed
Tasks
1. Identify and compare types of
insurance.
WHST.9-10.9
WHST.11-12.9
S-IC.6
S-MD.6
S-MD.7
2.
Read insurance premium charts and
determine the cost of a particular
policy.
RST.9-10.7
RST.11-12.7
3.
Analyze insurance proposal for auto
and determine costs of compulsory
insurance and costs of optional
coverage.
RST.9-10.9
RST.11-12.9
4.
Analyze health insurance premiums
and calculate based on selected
options.
RST.9-10.9
RST.11-12.9
3
S - Evaluate reports based on data; (+)
use probabilities to make fair decisions;
(+) analyze decisions and strategies using
probability concepts
S - Understand statistics as a process for
making inferences about population
parameters based on a random sample
from that population; recognize the
purposes of and differences among
sample surveys, experiments, and
observational studies; explain how
randomization relates to each; recognize
and explain the concepts of conditional
probability and independence in everyday
language and everyday situations.
Description
WHST - Draw evidence from
informational texts to support analysis,
reflection, and research
RST - Integrate and evaluate multiple
sources of information presented in
diverse formats and media to address a
question or solve a problem
RST - Synthesize information from a
range of sources into an understanding of
a process, phenomenon, or concept,
resolving conflicting information when
possible
RST - Synthesize information from a
range of sources into an understanding of
a process, phenomenon, or concept,
resolving conflicting information when
possible
FBLA Business Calculations aligned with Common Core
5.
6.
Compute the costs and benefits of
specific insurance plans.
Analyze deductibles and their effect
on policy.
6.14
RST.9-10.9
RST.11-12.9
Competency: Interest Rates
CCSS Standards Addressed
Tasks
1. Figure rates, interest, and proceeds of
bank discounts.
A-SSE.4
A-CED.4
2.
Calculate simple interest using the
simple interest formula.
A-SSE.4
A-CED.3
3.
Calculate any single variable—
principal, interest rate, amount of
interest, or time—given the other
three.
Explain the process of discounting a
promissory note and calculate the
proceeds of a discounted promissory
note.
Define maturity value and find the
maturity value of a loan.
A-CED.4
4.
5.
6.
7.
Convert months to a fractional or
decimal part of a year.
Find the future value and compound
interest by compounding manually.
Find the interest compounded daily
using a table.
Competency: Inventory
RST - Synthesize information from a
range of sources into an understanding of
a process, phenomenon, or concept,
resolving conflicting information when
possible
Description
A - Derive the formula for the sum of a
finite geometric series, and use the
formula to solve problems ★; rearrange
formulas to highlight a quantity of
interest, using the same reasoning as in
solving equations ★
A - Derive the formula for the sum of a
finite geometric series, and use the
formula to solve problems ★; represent
constraints by equations or inequalities,
and by systems of equations and/or
inequalities, and interpret solutions as
viable or nonviable options in a modeling
context.★
A - Rearrange formulas to highlight a
quantity of interest, using the same
reasoning as in solving equations ★
A-SSE.4
A - Derive the formula for the sum of a
finite geometric series, and use the
formula to solve problems ★
A-SSE.4
A - Derive the formula for the sum of a
finite geometric series, and use the
formula to solve problems ★
A-SSE.4
A-CED.3
A - Derive the formula for the sum of a
finite geometric series, and use the
formula to solve problems ★; represent
constraints by equations or inequalities,
and by systems of equations and/or
inequalities, and interpret solutions as
viable or nonviable options in a modeling
context ★
CCSS Standards Addressed
Description
8.
Tasks
1. Determine the cost and value of
inventory.
2.
Determine rate of inventory
turnover.
4
FBLA Business Calculations aligned with Common Core
6.14
3.
Determine the value of ending
inventory using Average Cost
(weighted average), FIFO, and LIFO.
Competency: Investments
CCSS Standards Addressed
Description
Tasks
1. Define investment terms such as risk,
yields, P/E ratio, and rate of return.
RST.9-10.4
RST.11-12.4
RST - Determine the meaning of symbols,
key terms, and other domain-specific
words and phrases
RST - Determine the meaning of symbols,
key terms, and other domain-specific
words and phrases
RST - Evaluate the hypotheses, data,
analysis, and conclusions in a science or
technical text, verifying the data when
possible and corroborating or challenging
conclusions with other sources of
information
A - Derive the formula for the sum of a
finite geometric series, and use the
formula to solve problems ★; represent
constraints by equations or inequalities,
and by systems of equations and/or
inequalities, and interpret solutions as
viable or nonviable options in a modeling
context ★
A - Represent constraints by equations or
inequalities, and by systems of equations
and/or inequalities, and interpret
solutions as viable or nonviable options in
a modeling context ★
A - Derive the formula for the sum of a
finite geometric series, and use the
formula to solve problems ★; represent
constraints by equations or inequalities,
and by systems of equations and/or
inequalities, and interpret solutions as
viable or nonviable options in a modeling
context ★
Description
2.
Explain the effect compounding has
in an investment and lending
environment.
Compare investment decisions and
make mathematical comparisons of
investment alternatives.
RST.9-10.4
RST.11-12.4
4.
Calculate the net present value of an
investment such as certificate of
deposit, savings account, stocks, and
mutual funds.
A-SSE.4
A-CED.3
5.
Determine stock yield, earnings per
share, and price-earnings ratio.
A-CED.3
3.
RST.9-10.8
RST.11-12.8
6. Compute the anticipated rate of return
on specific investments and savings
accounts using various factors such
as simple or compound interest,
dividends, fees, etc.
A-SSE.4
A-CED.3
Competency: Mark-ups and Discounts
CCSS Standards Addressed
Tasks
1. Identify the various types of
discounts.
2.
3.
RST.9-10.4
RST.11-12.4
RST - Determine the meaning of symbols,
key terms, and other domain-specific
words and phrases
A - Create equations and inequalities in
one variable and use them to solve
problems ★
A - Create equations and inequalities in
one variable and use them to solve
problems ★
Calculate chain, trade, and cash
discounts and net selling price of
each kind of discount.
Determine price of product after
coupons and/or rebates.
4.
Define and calculate markup and
markdown.
A-CED.1
5.
Determine the rate of the markup or
markdown.
A-CED.1
5
FBLA Business Calculations aligned with Common Core
6.
7.
8.
9.
Find the cost, markup or selling
price when any two of the three are
known.
Find the amount of markdown, the
reduced price and the percent of
markdown of an item.
Calculate markup based on cost.
A-CED.4
Calculate markup based on selling
price.
A-CED.1
6.14
A-CED.1
A-CED.1
10. Convert markups from cost to
selling price or from selling price to
costs.
A-CED.3
Competency: Payroll
Tasks
1. Calculate pay based on piecework,
salary, commissions, and graduated
commissions.
CCSS Standards Addressed
A-CED.3
2.
Calculate gross pay based on an
hourly wage with an overtime policy.
A-CED.3
3.
Calculate an employee’s net earnings
per paycheck.
A-CED.3
4.
Prepare an individual payroll or
earnings record.
Find federal tax withholding per
paycheck using IRS tax tables and
IRS percentage method.
Calculate Social Security Tax and
Medicare tax per paycheck.
5.
6.
7.
8.
Find an employer's total deposit for
withholding tax, social security tax,
and Medicare tax per pay period and
quarterly.
Calculate federal and state
unemployment taxes.
9.
Compute business expenses related
to employees: benefits, disability
insurance, travel, and employee
training.
Competency: Ratios and Proportions
A - Rearrange formulas to highlight a
quantity of interest, using the same
reasoning as in solving equations ★
A - Create equations and inequalities in
one variable and use them to solve
problems ★
A - Create equations and inequalities in
one variable and use them to solve
problems ★
A - Create equations and inequalities in
one variable and use them to solve
problems ★
A - Represent constraints by equations or
inequalities, and by systems of equations
and/or inequalities, and interpret
solutions as viable or nonviable options in
a modeling context ★
Description
A - Represent constraints by equations or
inequalities, and by systems of equations
and/or inequalities, and interpret
solutions as viable or nonviable options in
a modeling context ★
A - Represent constraints by equations or
inequalities, and by systems of equations
and/or inequalities, and interpret
solutions as viable or nonviable options in
a modeling context ★
A - Represent constraints by equations or
inequalities, and by systems of equations
and/or inequalities, and interpret
solutions as viable or nonviable options in
a modeling context ★
A-CED.1
A - Create equations and inequalities in
one variable and use them to solve
problems ★
A - Create equations and inequalities in
one variable and use them to solve
problems ★
A - Create equations and inequalities in
one variable and use them to solve
problems ★
A-CED.1
A-CED.1
A-CED.1
A - Create equations and inequalities in
one variable and use them to solve
problems ★
A - Create equations and inequalities in
one variable and use them to solve
problems ★
A-CED.1
CCSS Standards Addressed
Tasks
6
Description
FBLA Business Calculations aligned with Common Core
1.
Define the terms ratio and proportion.
2.
Use ratios to evaluate profitability,
efficiency, and leverage.
Create ratios to express the
quantitative relationship between two
amounts.
3.
Use ratios, proportions, and percents
to solve problems involving financial
calculations.
5. Analyze and explain methods for
solving problems involving
proportions such as scaling and
finding equivalent ratios.
Competency: Taxes
6.14
RST.9-10.4
RST.11-12.4
RST - Determine the meaning of symbols,
key terms, and other domain-specific
words and phrases
A-CED.2
A - Create equations in two or more
variables to represent relationships
between quantities; graph equations on
coordinate axes with labels and scales ★
RST.9-10.3
RST.11-12.3
RST - Follow precisely a complex
multistep procedure
CCSS Standards Addressed
Description
RST.9-10.4
RST.11-12.4
RST - Determine the meaning of symbols,
key terms, and other domain-specific
words and phrases
RST.9-10.4
RST.11-12.4
A-CED.1
RST - Determine the meaning of symbols,
key terms, and other domain-specific
words and phrases
A - Create equations and inequalities in
one variable and use them to solve
problems ★
4.
Tasks
1. Define tax terms such as standard
deduction, itemized deductions,
exemptions, and various types of
taxes such as income tax, sales tax,
and property tax.
2. Define and calculate property taxes
based on local
percentages/guidelines.
3.
Calculate sales tax on purchase.
4.
Complete a 1040 EZ Federal Income
Tax Form with a W2 form.
Prepare a 1040 A using W2 and 1099
Interest form.
Complete basic tax forms such as W2
and W4.
5.
6.
Common Core State Standards in English Language Arts Reinforced by Event:
 Reading Standards for Literacy in Science and Technical Subjects: Key Ideas and Details, Craft and
Structure, Integration of Knowledge and Ideas
 Writing Standards for Literacy in History/Social Studies, Science, and Technical Subjects: Research
to Build and Present Knowledge
Common Core State Standards in Mathematics Reinforced by Event:
 Algebra: Seeing Structure in Expressions, Creating Equations
 Functions: Interpreting Functions
 Statistics and Probability: Making Inferences and Justifying Conclusions, Conditional Probability and
the Rules of Probability, Using Probability to Make Decisions
7