Personal Finance
Flashcard
•
Mathematics
•
5th Grade
•
Hard
+6
Standards-aligned
Wayground Content
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12 questions
Show all answers
1.
FLASHCARD QUESTION
Front
The amount of money that a person earns working at their job is called ______________.
Back
Income
Tags
CCSS.RI.4.3
CCSS.RI.4.5
CCSS.RI.5.3
CCSS.RI.5.5
CCSS.RI.6.3
2.
FLASHCARD QUESTION
Front
Which statement is true about gross income?
- Gross income is the amount of money you take home after taxes and insurance
- Gross income is the amount of taxes taken out of your paycheck
- Gross income is what you earn before taxes
- None of the above
Back
Gross income is what you earn before taxes
Tags
CCSS.3.OA.D.9
3.
FLASHCARD QUESTION
Front
Larry works 13 hours this week after school washing cars. He earns $74 but gets $19 in taxes deducted from his paycheck. Therefore, he takes home $55. The $55 check is an example of his ___________ income.
Back
net
Tags
CCSS.7.EE.B.3
4.
FLASHCARD QUESTION
Front
Sylvia's net pay is $2,876.50 with deductions: Insurance: $345.33, Medicare: $239.97, Social Security: $84.23. What is her gross pay?
Back
$3,546.03
Tags
CCSS.6.NS.B.3
5.
FLASHCARD QUESTION
Front
If payroll taxes and insurance were not deducted from your gross income, how would your net income change?
Back
It would increase
6.
FLASHCARD QUESTION
Front
Martin gets paid twice a month (every two weeks). His net income is $745.76 every pay check. What would be his total net income every month?
Back
$1,491.52
Tags
CCSS.7.EE.B.3
7.
FLASHCARD QUESTION
Front
What is a possible way for Ryan to save extra money every month? Options: Pay less on his mortgage (fixed expense), Pay less toward his health insurance (fixed expense), Spend less on variable expenses (wants), None of the above
Back
Spend less on variable expenses (wants)
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