Journal Entries Ms. Chrysostom1. Journal Entry #1 2/15/12 You have a salary of $150. The government taxes you 27%. Your friend earns the same amount as.

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Presentation transcript:

Journal Entries Ms. Chrysostom1

Journal Entry #1 2/15/12 You have a salary of $150. The government taxes you 27%. Your friend earns the same amount as you do, $150, from investments. He is taxed 15%. How do you feel about that? (Show your math calculation then state your opinion based on the math. ) Ms. Chrysostom2

Journal Entry 2 2/16/12 What is the total price with an 8% sales tax? You have a $20 off coupon and a 20% off coupon. Which one is best to use with this bag? Show your work to justify your answer. Ms. Chrysostom3

Journal #3 These boots are on sale for $ There is an additional 20% off. There is also the sales tax of 8%. How much are you going to pay in total? Ms. Chrysostom4