Taxes and Budgets
Quiz
•
Mathematics
•
5th Grade
•
Practice Problem
•
Medium
+2
Standards-aligned
Christina Ondier
Used 27+ times
FREE Resource
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10 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Jasmine is buying 3 bags of chips for $2 each and a box drink for $4. The cashier says her total is $10.87. What tax is included in the total?
Sales Tax
Income Tax
Payroll Tax
Property Tax
Tags
CCSS.6.RP.A.3B
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Marissa bought a house that cost less than her old house. Which of the following will probably happen?
Her payroll tax will increase.
Her income tax will decrease.
Her property tax will increase.
Her property tax will decrease.
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Jasmine received a paycheck for $450. When she looked at her pay stub, it showed that she had actually made $493. Which statement is true?
Jasmine's net income was $493.
Jasmine's gross income was $450.
Jasmine's paycheck had $43 deducted.
Jasmine's net income was $43.
Tags
CCSS.6.NS.C.5
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Sam's net income is $594 each paycheck. His employer deducts $75 each pay period. How much is Sam's gross income for one pay period?
$519
$669
$594
$1,188
Tags
CCSS.3.OA.D.8
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Daniel wants to go to a concert with his friends. His ticket will cost him $50. He has an income of $750 and his current expenses are $735. Which ONE of the following expenses could Daniel remove so that he can afford the ticket?
His $25 water bill
The $10 gift for his sister
The $30 for fast food
His $125 car note
Tags
CCSS.7.EE.B.3
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Abby earned $375 on her last paycheck. She spends $37 on gas for her car and $98 on her electric bill. She also receives $45 for her birthday. Which of the following correctly identifies the expenses and income?
The paycheck and electric bill are expenses.
The gas and birthday gift are income.
The paycheck and birthday gift are expenses.
The electric bill and gas are income.
The paycheck and birthday gift are income.
The electric bill and gas are expenses.
The electric bill and birthday gift are expenses.
The gas and paycheck are income.
Tags
CCSS.7.EE.B.3
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following would be recorded as an expense when balancing a budget?
You sell a used dress for $15.
You get an allowance of $10.
You buy a $13.65 gift for your mom.
You find $1.27 in change in the couch.
Tags
CCSS.6.NS.C.5
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