Money Management

Money Management

Number

Understand what is meant by inflation and solve problems involving inflation. Understand what is meant by VAT and know the current rate and that some goods are excluded from VAT and that some people do not have to pay VAT. Solve problems involving VAT. Use tax brackets and personal allowances as well as extra payments to calculate wages. Make particular use of percentages. Perform calculations that allow you to compare different financial products. Include hire purchase and buy now pay later schemes. Read utility meters and calculate bills including different rates of charge at different times of the day
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