1. Review: Mini-Quiz Compound Interest
Suppose that you were going to invest $30,000 in an IRA earning interest at an annual rate of 10%
What is the total amount of your IRA after 3 years?

2. Class Greeting

3. Objective: The student will be able to find personal income tax by using an income tax chart as a guideline.

4. Economics
Income Tax

5. 1. What is the amount of taxes you would have to pay if you earned 200,000 baht?
The first 150,000 baht is exempt so you pay 50,000(.10) = 5,000 baht
2. What is the amount of taxes you would have to pay if you earned 2,200,000 baht?
Accumulated Tax for the first 1,000,000 = 135,000 plus 30% of 1,200,000.
135, ,200,000(.30) = 135, ,000 = 435,000 baht
3. What is the amount of taxes you would have to pay if you earned 51,000 baht?
0 baht

6. See Income Tax Form

7. Lesson Summary:
Objective: The student will be able to find personal income tax by using an income tax chart as a guideline.

8. Preview of the Next Lesson:
Objective: The student take a practice test on Mathematical Problems related to Business and Economics.

9. Mathematical Skills and Processes - HW 12
Homework
Mathematical Skills and Processes - HW 12