Balancing a Budget

Balancing a Budget

5th Grade

9 Qs

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Balancing a Budget

Balancing a Budget

Assessment

Quiz

Mathematics

5th Grade

Practice Problem

Medium

CCSS
3.OA.D.8, 7.EE.A.1, 6.EE.A.1

+1

Standards-aligned

Used 33+ times

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9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What two things does a budget compare?

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

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

the total amount of personal income earned before taxes and deductions

Net Income

Gross Income

Budget

Taxes

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Jill earned $220 gross income last month.  She had to pay $13 for payroll tax and $27 for income tax.  How much was Jill's net income?

$260
$193
$180
$40

Tags

CCSS.3.OA.D.8

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Money taken out of your income on your paycheck

Gross

Net

Deductions

Expenses

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

when your expenses and Income are equal

Net income

Gross income

Balanced budget

Payroll tax

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Jordan's net income is $725 a month. She has a monthly car payment of $275 and saves $75. How much money can she spend and still have a balanced budget?

$1,075.00

$675.00

$375.00

$125.00

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is an example of an income?

Purchasing a new bike
Buying new clothes
Mowing the lawn for money

Tags

CCSS.7.EE.A.1

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