Budget

Budget

Assessment

Flashcard

Mathematics

7th Grade

Practice Problem

Hard

CCSS
3.OA.D.8

Standards-aligned

Created by

Wayground Content

FREE Resource

Student preview

quiz-placeholder

15 questions

Show all answers

1.

FLASHCARD QUESTION

Front

What is a budget?

Back

A budget is a plan that outlines expected income and expenses over a specific period, helping individuals manage their finances.

2.

FLASHCARD QUESTION

Front

How do you calculate the percentage of income spent on a specific expense?

Back

To calculate the percentage of income spent on an expense, divide the expense amount by the total income and multiply by 100.

3.

FLASHCARD QUESTION

Front

If Mrs. Alvarado's monthly income is $6,500 and she spends $1,495 on her mortgage, what percent of her income is that?

Back

22.9%.

4.

FLASHCARD QUESTION

Front

What is a circle graph?

Back

A circle graph, or pie chart, is a visual representation of data where the whole circle represents the total, and each slice represents a part of that total.

5.

FLASHCARD QUESTION

Front

How do you determine how much more is spent on one category than another?

Back

Subtract the amount spent on the lesser category from the amount spent on the greater category.

Tags

CCSS.3.OA.D.8

6.

FLASHCARD QUESTION

Front

If the Alvarados spend $720 on food from a $6,000 income, what percent of their income is that?

Back

12%.

7.

FLASHCARD QUESTION

Front

What does it mean to allocate a budget?

Back

To allocate a budget means to distribute or assign specific amounts of money to different categories of expenses.

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?