Win it and Spend it in Vancouver Percent Project Surprise you and your partner are the winner s of $500.00 that you must spend together on an overnight trip in the Greater Vancouver area. There is a catch however; you must plan out every cent you spend during this twenty four hour spree. You must purchase at least three different items from different retail stores. These items will be on sale. Accommodation will be at a hotel or motel of your choice. You will travel by bus, taxi and/or sky train for transportation. You will eat a minimum of three meals, breakfast, lunch and Dinner at three different restaurants. You are also expected to participate in at least two paid tourist/entertainment activities. Parts: 1. Library research sheet: You will need to research tax percentages applied to accommodations, purchased goods, restaurant food, transportation and tourist activities or entertainment. The percentages will differ! There are some tax exemptions for clothing depending on age of recipient. Some purchases will require both PST and GST and others either PST or GST. Some items have no applied taxes. Costs of purchases, tours, entertainment, other activities and accommodations can be found on the internet. Remember costs for meals, transportation and activities are for two people. You must purchase at least three different items at retail stores. You will make up a different discount percentage for each purchased item (ie. 15% off, 35% off 20% off etcetera) and calculate the sale price using the regular prices found on the internet. Taxes are applied to the sale price after the discount is subtracted from the regular price. Useful Sites: key search terms– consumer taxes; PST; GST; tax exemptions www.travel-british-columbia.com/travel-resources http://www.travel-british-columbia.com/travel-resources/taxes/ http://www.cra-arc.gc.ca/tx/bsnss/tpcs/gst-tps/gnrl/txbl/txblxmpt-eng.html http://www2.gov.bc.ca/gov/topic.page?id=589542DDDB6347F7A7C80C1783F4BA6D http://www2.gov.bc.ca/gov/topic.page?id=78521DE3BD5D46C9A3B17631207A0AD7 tripadvisor.ca www.hellobc.com/vancouver/things-to-do.aspx?gclid=CML84sqIhboCFS_ZQgodgUoArQ http://www.insidevancouver.ca/2010/11/08/top-10-vancouver-shopping-destinations/ Stores such as – The Bay, Canadian Tire, Future Shop, Best Buy, Winners etc. 2. Write a paragraph describing the plan for your 24 hour spree. Outline where you will stay, eat and shop, mode of transportation, and the entertainment and activities you will enjoy. Make your trip seem exciting and the perfect way to spend your winnings. 3. Create a 24 hour schedule (Friday (late afternoon) when you leave Delta - Saturday evening when you return home) detailing your itinerary. List times and durations of specific activities you will participate in. Provide name of overnight accommodation (give hours of sleep). Give names of restaurants that you will eat breakfast, lunch and dinner. Reserve some time in schedule to go shopping at a mall or at specific stores! Do not forget about time to move between locations and mode of transportation. 3. Table of Calculations: This table will show how you spend your $500.00. The table will list all costs for purchased items, meals, activities, transportation and accommodations. Beside each item the appropriate tax percentage must be applied as well as any discounts or tips. Final costs after taxes and/or discounts are applied must be given before subtracting amounts from total funds. For restaurants budget a specific amount per meal and then add applicable taxes and tips to this amount. Tips of 10-20% tips should be added to restaurant bills before taxes are applied. Tips are not necessary at fast food places. You are not expected to plan the menu items! 4. Picture display will include pictures of items purchased, regular prices, discount percentages and sale prices (steps to show calculations of sale price must be included here). You must also show steps to calculate taxes applied to each purchased item to determine total price paid after taxes. In this section also include other pictures and prices for accommodations, restaurant meals and tourist/entertainment activities. Please label pictures with name of item and retail store name or activity name. Do not forget dollar signs “$” and % units. This display will show your understanding of how sale prices are determined and taxes are applied to various purchases or activities and/or other costs. Project Presentation: Project must be laid out on a poster or in a large pamphlet. This “poster” must be organized, neat and visually appealing so you can advertise your trip. Fine line your print, label tables, sections and pictures. Colour pictures and add other features to make the poster creative and appealing to look at. Names:__________________________________ Library Research Sheet for “Win it and Spend it Math Project” Look the following information up to use in your project! Complete the tax information first! Accommodation – Give name of facility, address (location), room type and daily price Activities you wish to participate in – briefly describe activity, location, duration and cost (minimum 2 activities) 1. 2. 3. Items to Purchase at retail stores Store Name Costs for transportation Mode of transportation Cost (tax?) What % PST do you pay for the following? Write n/a if the item is PST exempt or the__% value if you must pay it! accommodation groceries Children clothing candy & pop electronics bikes restaurant meals theatre show/movie tourist trips other: bus/ferry rides Adult clothing What are some examples of things you pay 5% GST on? List below Item description cost (tax% ?) Do you pay 5% GST on the following? If Yes write 5% or if no write n/a accommodation groceries clothing candy & pop electronics bikes restaurant meals theatre show/movie tourist trips other: bus/ferry rides