Financial Literacy Comprehension
Authored by GLORIA BETANCOURT
Mathematics
5th - 6th Grade
CCSS covered
Used 9+ times
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12 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Dakota works 30 hours a week at the grocery store. She earns $7 per hour. Which statement about her weekly
income is true?
Dakota’s net income is $210 per week.
Dakota’s gross income is less than $210 per week
Dakota’s gross income is more than $210 per week.
Dakota’s net income is less than $210 per week.
Tags
CCSS.7.EE.B.3
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a disadvantage to using a debit card to make purchases?
Purchases can be made quickly and easily.
Debit cards can be lost or stolen.
You can use your debit card at an ATM to get cash.
All of the above.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Kimber's Monthly budget is shown in the image.
Which of the following is the best step Kimber could take to balance her budget?
Kimber could reduce the amount she spends on restaurants to $220.
Kimber could skip paying her rent for the month.
Kimber could spend $10 less on groceries for the month.
Kimber could pay half of her car payment instead of the full amount.
Tags
CCSS.7.NS.A.3
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A definition of a financial term is shown below.
A tax that the government collects from money a person earns.
Which term best first this description?
Payroll tax
Sales tax
Income tax
Property tax
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An account ______________ is a table used to track deposits, withdrawals, and available balances.
transaction
register
budget
expense
Tags
CCSS.RI.5.5
CCSS.RI.6.5
CCSS.RI.5.3
CCSS.RI.6.3
CCSS.RI.7.3
6.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
Mark’s net income for the month of January was $1,893.
The table shows Mark’s budget for the month. The
“Miscellaneous” category is left blank.
What amount, in dollars and cents, should be in the “Miscellaneous” category in order for Mark’s budget to
be balanced?
(a)
Tags
CCSS.7.EE.B.3
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Taxes that are paid to the government that are based on the value of the owner’s home are called _
payroll taxes
sales taxes
income taxes
property taxes
Tags
CCSS.RI.5.5
CCSS.RI.6.5
CCSS.RI.3.5
CCSS.RI.4.5
CCSS.RI.7.5
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