Real-Life Math -- Solution
1. How much work-related driving, in total, did you do?
Total
= 850 + 600 + 920 + 1,020 + 730 + 710 + 910 + 860
Total = 6,600
You
drove 6,600 miles for work.
2. If your car's odometer shows 9,200
miles for those 2 months, what percentage of your driving was work related?
Percentage
= 6,600 / 9,200 x 100
Percentage = 72 (rounded up)
About
72 percent of your driving was work related.
If your car expenses
total $1,450, how much of it can you claim as a business expense?
Expense
= $1,450 x 0.72
Expense = $1,044
You'll
be able to claim $1,044 as a business expense.
Notaries who travel
do more math than most notaries. Most, like Marilyn J. Smith, work in an office
and use math only for their own accounting.
"There's usually a flat
fee for notarizations, so the math skills are very, very limited," says Smith.
Her
office charges a flat fee of $10 to notarize most documents. This doesn't
make balancing the books much of a challenge.
Notaries have to make
sure people understand what they're signing. Therefore, if a contract has
math in it, it can be helpful to have some math skills. After all, if you
don't understand it, you can't make sure your customer does!