# CTE Resource Center - Verso - Economics and Personal Finance Task 1537870970

# Calculate the cost of utilities, services, maintenance, and other housing expenses involved in independent living.

## Definition

Calculation should include
• utility and related expenses (e.g., installation, deposit, taxes, maintenance, and repairs related to electricity, gas, oil, water, cable, Internet, and telephone)
• furniture and appliances (e.g., costs of purchased vs. rental items; hidden costs of “free” items acquired from relatives or friends, such as cleaning/painting, upholstering, transporting, repairing, installing, upgrading plumbing and electrical services, and maintaining without a warranty)
• property insurance (renters/homeowners)
• other expenses, such as painting, carpet cleaning/repair, plumbing, basic home linen, equipment, and supplies.

## Mathematics

### A.7

The student will investigate and analyze function (linear and quadratic) families and their characteristics both algebraically and graphically, including
1. determining whether a relation is a function;
2. domain and range;
3. zeros of a function;
4. x- and y-intercepts;
5. finding the values of a function for elements in its domain; and
6. making connections between and among multiple representations of functions including concrete, verbal, numeric, graphic, and algebraic.

## Economics and Personal Finance Standards of Learning

### EPF.11

The student will demonstrate knowledge of planning for living and leisure expenses by
1. comparing the costs and benefits of purchasing vs. leasing a vehicle;
3. describing the process of renting housing;
4. describing the process of purchasing a home;
5. calculating the cost of utilities, services, maintenance, and other housing expenses; and
6. evaluating discretionary spending decisions.

### EPF.14

The student will demonstrate knowledge of the role of insurance in risk management by
1. evaluating insurance as a risk management strategy;
2. distinguishing among the types, costs, and benefits of insurance coverage, including automobile, life, property, health, and professional liability; and
3. explaining the roles of insurance in financial planning.