Financial Maths Definitions

Something that you pay is called....

• income
• an expense
• a profit
• savings

Money that you make is called...

• income
• variable expense
• propery taxes
• fixed expense

Sawyer is selling bracelets.  She pays $2.00 for the beads and $2.50 for the string.  She sells 10 bracelets for $1.00 each.  How much are her expenses?

• $2.00
• $2.50
• $4.50
• $5.50

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

Will spends $8.00 on what he needs to make hot dogs.  If he sells 20 hot dogs for $1.00 each, how much is his profit?

• $20.00
• $12.00
• $10.00
• $11.00

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.2

CCSS.7.NS.A.3

When you take the amount of money earned and subtract your expenses you are finding the...

• fixed income
• profit
• savings
• taxes

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

Scout earned $280.00 mowing lawns.  Her profit was $250.00.  How much were her expenses?

• $50.00
• $530.00
• $30.00
• $40.00

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

Shanelle earned $40.00 selling lemonade.  Her profit was $32.00.  How much were her expenses?

• $74.00
• $34.00
• $8.00
• $6.00

Tags

CCSS.7.EE.B.3

CCSS.7.EE.B.4

CCSS.7.NS.A.3

Each month I pay around $40 for gas, but it depends on how much I travel and what the gas prices are.  This is an example of a...

• variable income
• savings account
• fixed expense
• variable expense

Which situation shows a financially responsible citizen?

•  Purchasing an expensive automobile you CANNOT afford.
• Only buying items that you CAN afford
• Throwing money out the window.
• Hiding your money under your mattress. 

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

What is the current amount of money in an account?

• Certificate of deposit (CD)
• Loan
• Transaction
• Balance

Tags

CCSS.5.NBT.A.1

CCSS.5.NBT.A.3

CCSS.5.NBT.B.7