Financial Literacy - Grade 5

Which of the following is NOT one of the 3 main types of taxes in Canada?

• Sales

• Income

• School

• Property

Calculate the unit rate for: 18 donuts per 3 boxes

• 6 donuts per box

• 9 donuts per box

• 36 donuts per box

• None of the above

Taxes help pay for:

• Public libraries

• Parks and playgrounds

• National Defense

• All of the above

Which of the following is least likely to be considered a need?

• school supplies

• groceries

• clothes

• video games

Calculate the unit rate for: 24 candies in 6 bags

• 12 candies per bag

• 4 candies per bag

• 8 candies per bag

• 6 candies per bag

HST is _____ %

• 8

• 13

• 5

• 30

If one box of cereal costs $4, what is the cost for 4 boxes?

• $12

• $8

• $16

• $20

T or F: If you are late in paying your credit card bill, you will have to pay interest.

• True

• False

T or F: HST stands for Housing Sales Tax

• True

• False

What is the better value:

• 10 candy bars for $12

• 10 candy bars for $10