Balanced Budgets

What two things does a budget compare?

• Income and Expenses
• Savings and Interest
• Income and Investments
• Expenses and Expenditures

Which is an example of a fixed expense?

• Cell Phone
• Utility bill
• Groceries
• Gasoline

Variable expenses may not be the same every month.

• True
• False

Tags

CCSS.7.EE.B.4

This month Mando’s expenses are greater than his income. What are two actions Mando can take in order to balance his budget?

• Increase expenses and decrease income

• Decrease expenses and decrease income

• Decrease expenses and increase income

• Increase expenses and increase income

Tags

CCSS.6.NS.C.7C

Ms. Vonn’s monthly budget is shown in the chart. She receives two paychecks per month. Ms. Vonn’s budget is balanced every month. How much is Ms. Vonn’s monthly car payment?

• $2,400

• $300

• $500

• $2,100

Tags

CCSS.7.NS.A.3

Leon listed some expenses from last month on this table. Which of the following is a fixed expense?

• Gifts for friends

• Sodas

• Car payment

• Sports tickets

Tags

CCSS.4.MD.B.4

Arturo earned $100 last month from his afternoon babysitting job. The table shows Arturo’s budget. Which is a true statement about Arturo’s budget?

• Arturo’s budget is not balanced because his expenses exceed his income.

• Arturo will have a surplus because he plans to spend less than he earned.

• Arturo’s budget is not balanced because he will spend all of his money.

• Arturo’s budget is balanced because his expenses equal his income.

Tags

CCSS.7.NS.A.1C

Morgan used the ledger below to track her income and expenses for September.

Which is a true statement about Morgan’s income and expenses for September?

• Morgan spent $10 more than she earned.

• Morgan’s income and expenses were equal.

• Morgan earned $10 more than she spent.

• Morgan’s total income was $10.

Tags

CCSS.6.NS.C.5

Money that your earn is called a(n)____.

• expense

• income

• debit

• credit

Tags

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.4.3A

CCSS.RF.5.3A

Money that you spend is called a(n)___.

• expense

• income

• debt

• profit