4th Math STAAR Review 4.10 (Financial Literacy)

Car Payment

• Fixed Expense
• Variable Expense

Tags

CCSS.7.EE.B.3

CCSS.7.EE.B.4

Restaurant Bill

• Fixed Expense
• Variable Expense 

Tags

CCSS.7.RP.A.3

Car Repair

• Fixed Expense
• Variable Expense

Rent Payment

• Fixed Expense
• Variable Expense

Jane mowed lawns all summer for some extra money. She paid $145 for gas, $11 for a new filter and $75 for lawn mower repair.  She earned $1,986.  How much were her EXPENSES. (How much she had to pay)

• $1,986
• $231
• $2,217
• $600

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

Jane mowed lawns all summer.  She paid $145 for gas for her mower, $11 for a new mower filter and $75 for mower repair.  She made $1,986.  What was her PROFIT? (Profit - how much money she had left after she paid her expenses)

• $1,755
• $2,217
• $231
• $600

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

Joe delivered newspaper last summer. He earned $3,680 for his work.  His expenses totaled $689.  What was his PROFIT?

• $4,369
• $2,644
• $3,000
• $2,991

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

Which of these is NOT provided by a financial institution such as a bank or credit union? 

• lending money to people and businesses
• paying you interest on money in your savings account
• keeping money safe
• paying your bills

What does the word EXPENSES mean?

• How much money someone earned in all
• How much money it cost 
• How much money someone earned after they subtracted how much it cost them
• how much money was lost

What does the word REVENUE mean?

• The complete total someone is paid for a job
• the total after expenses are subtracted
• how much expenses cost
• how much money there was