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Real-Life Activities

Real-Life Math

It will take you days to get the grin off your face. You have been chosen to become the new ambassador for the United States in Spain. You will be replacing the outgoing ambassador when he retires at the end of the year. You rush home to tell your family.

Part of your training will include a one-week trip to Spain. The government assures you that it will reimburse you for all expenses and even give you a meal allowance. It warns you that it will not reimburse you for any expenses that are not accompanied by a receipt.

When you finally get home, you enter your den to see what kind of mail you got. Waiting for you, in the fax machine, is an expense reimbursement request form with a note that directs you to fill it out and mail it, with all your receipts, to the accounts department as soon as possible.

To complete the form, you have to figure out your expenses for the trip. The government allows you to claim all travel costs and business-related expenses that you incur during your trip.

To complete this form, remember to include the price of your meals. Complete your meal allowance section first, then the transportation section, and then the expense section. These are your figures (all of these figures have already been converted to American dollars):

Permitted Meal Allowance: breakfast $30, lunch $50 and dinner $75

Monday:You arrive in Spain at night, so you missed breakfast and lunch. Dinner cost you $50.
Tuesday:Breakfast $28, lunch $50 and dinner $60
Wednesday:Breakfast $30, lunch $100 (you ordered wine), dinner $75
Thursday:Breakfast $30, lunch $50, dinner $75
Friday:Breakfast $28, lunch $50, dinner $80
Saturday:This was the banquet. You had a light breakfast that cost $20 and skipped lunch. Dinner was at the banquet.
Sunday:Breakfast at the airport $40, lunch and dinner provided on the plane

Transportation Costs (average of all costs, including taxi, train, etc.)

Monday:$30
Tuesday:$35
Wednesday:$32
Thursday:$40
Friday:$30
Saturday:$0 (You walked to get breakfast and got chauffeured to the banquet.)
Sunday:$30

Other Expenses

You bought a disposable camera so you could take pictures at the banquet -- it cost $15.

Figure out the costs for each section, add them together and mail it to the office with the receipts.

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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.