Personal Finance

What is a budget?

• A plan for how money will not be used

• A plan for how money will be used

• The amount you spend

• The amount you save

Tags

CCSS.7.SP.A.2

What is a required contribution to the state and federal government?

• tax

• donate

• spend

• loan

The price of the shirt is $45. The total cost of the shirt is $47.95. What type of tax paid?

• Income/Payroll Tax

• Sales Tax

• Property Tax

Tags

CCSS.6.RP.A.3D

Rolando earns $395. His net pay is $356. What type of tax is he paying?

• Income/Payroll Tax

• Sales Tax

• Property Tax

Tags

CCSS.6.RP.A.3D

The value of a house is $250,000. the yearly tax on the house is $7,500. What type of tax is paid?

• Income/Payroll Tax

• Sales Tax

• Property Tax

Tags

CCSS.6.RP.A.3B

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.RI.4.7

CCSS.RI.5.7

CCSS.RL.4.7

CCSS.RL.5.7

CCSS.RL.6.7

Arturo has an opportunity to buy a video game from his friend for $18. How can Arturo BEST adjust his budget so that he can afford the game?

• Do not buy gum and trading cards.

• Do not buy lunch at school.

• Do not buy movie tickets and gum.

• Do not buy popcorn at the movies.

Tags

CCSS.7.EE.B.3

Tina earned $15 doing laundry and $9 washing the car last month. She created a balanced budget for her earnings. Which table could show Tina’s budget?

• 
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• 
• 

Tags

CCSS.3.OA.D.8

When you make a deposit or put money into your savings account, you ______________ the amount of money in your register.

• multiply

• divide

• add

• subtract

Tags

CCSS.2.OA.A.1

When you take money out of your account, how is the money recorded in your register?

• The amount is added to the balance.

• The amount is equal to the balance.

• The money taken out has no effect on the account balance for a few days.

• The amount is subtracted from the balance.

Tags

CCSS.5.NBT.B.7