FACS 8

 TEST REVIEW

·         difference between credit/layaway

·         how does shoplifting effect prices, security measures

·         figuring finance charges

·         figuring gross and net paychecks using a salary or hourly rate

·         salary/12 months = gross X 70% = net

·         hr wage x 40 hrs x 4 weeks = gross x 85% = net

·         consumer rights

·         definitions of credit rating, fraudulent, fixed expenses, flexible expense, arbitration,  co-signer, gross income, net income, wholesale, retail, warranty,  manufacturer, flaw, loan credit, sales credit, grace period

assignments due 

§  research – career exploration, occupation search,

·         simulation – job application, budget, monthly spending, actual cost sheet, comparison shopping, summary questions