We study money exchange and talk about the difference between selling and buying price in real world for money exchange.

We study taxation focusing on individual income tax and property tax. Note, the book talks about Singapore personal income tax and property tax, which is different than the US system. But the concept is the same and hopefully that the students will know how to apply what they learn to real world situations.

Homework:

Page 1, Page 2, Page3, Page 4, Page 5, Page 6

Workbook Page Page 43: #9 – #12, #19 – #22, #26, #27

Answers to last week’s homework: answers1, answers2