Balanced chemical formulas

An email question:
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I just had some confusion regarding the homework for Chapter 2. I am confused about how to get the ions for the balanced chemical formulas. An example that I got incorrect was: 

The balanced chemical formula for magnesium chlorate contains___magnesium ion(s) and___chlorate ion(s)

I'm not sure how to go about getting the answer for this example. 

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Balancing chemical formulas is a critical skill, but it's also one that many students struggle with until that magic moment when it clicks. Let's see if we can break this question apart a bit...

Many monoatomic ions have charges that can be reasonably predicted based upon where they are on the Periodic Table. Basically, we know from observation that noble gases have very stable numbers of electrons (we'll get deeper into that later in the semester...), so other elements in the Periodic Table tend to lose or gain electrons to get to the same number of electrons as a noble gas. This is especially true when the neutral element has a number of electrons that's pretty close to the number in the noble gas.

Metals:

The alkali metals (lithium, sodium, potassium, etc) almost always lose 1 electron to become +1 in ionic formulas, the alkaline earth metals (beryllium, magnesium, calcium, etc) are almost always +2, aluminum and gallium are almost always +3.

Transition metals and the metals toward the bottom of the B/C/N/O/F columns can have more than one common charge, so those usually have to be specified with a roman numeral; nickel(III) is +3, ruthenium(II) is +2, manganese(V) is +5, etc. The one common exception is zinc, which is (almost) always +2 in ionic compounds.

Non-Metals:

These have similar trends, but now as anions. Halogens (fluorine, chlorine, etc) gain an electron to become -1 charged halides in ionic formulas; chalcogens (oxygen, sulfur, etc) gain 2 electrons to become -2; pnictogens (N, P, As, etc) gain 3 electrons to become -3.

In the context of this specific problem, it's reasonable to assume that the magnesium is Mg⁺².

The other half of this specific problem is a polyatomic ion. There are a number of trends that we could explore in polyatomic ions, but at this point in this course, this is something you should just memorize. Find the list of polyatomic ions in your book, make up some flashcards, and just drill these into your brain. Chlorate is ClO₃^-1.

When writing balanced ionic formulas, the "balance" refers to the balance of charge... nature does not allow random positive or negative charges to be running loose, so for every positive charge in an ionic formula, we must have a corresponding negative charge. Since we have a +2 cation and a -1 anion, we need two anions so the +2 charge of the cation is "balanced" by two negative charges from the anions.

Balance in all things. A yin for every yang.