Arkansas: PF Math Standards

PF.4

• PF.4.QL.1 Represent and analyze mathematical models for various types of income (e.g., commission, salary, hourly wage, overtime)
• PF.4.QL.2 Represent and analyze various types of income deductions (e.g., federal and state income taxes, Social Security, Medicare taxes, pre-tax deductions) and employment forms (W-2, W-4, I-9)
• PF.4.QL.3 Analyze expenses to create a household budget utilizing food, shelter, transportation, utilities, insurance, savings, and other expenses (charitable giving)
• PF.4.QL.4 Analyze various investment instruments for: purposes; advantages; disadvantages; risks (e.g., savings, checking accounts, certificates of deposit, stocks, social security, individual retirement accounts, bonds, annuities)
• PF.4.QL.5 Analyze the characteristics of various types of loans (e.g., credit cards, personal loans, student loans, auto financing, mortgages)
• PF.4.QL.6 Apply appropriate models to determine the impact of the relationship among loan rates, the term of a loan, the principle amount of a loan, and payments (e.g., amortization table, spreadsheet, compound interest, annual interest rates, continuous rates)
• PF.4.QL.7 Examine consumer protection, bankruptcy, and debt and credit management services for ways in which they affect household budgeting