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Personal Budget

Authored by Janet Resendiz

Mathematics

5th Grade

CCSS covered

Used 8+ times

Personal Budget
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8 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A percentage of your income collected by the government to help pay for services like police, firefighters, and schools is called ____________.

expense

gross income

income tax

net income

Tags

CCSS.RI.4.5

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.5.3

CCSS.RI.6.3

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Something you spend your money on is called a(n) ___________.

income tax

gross income

expense

budget

Tags

CCSS.RI.4.5

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.3.5

CCSS.RI.7.5

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A plan for how you will spend your money is called _________.

budget

balanced budget

expense

net income

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

You don't spend more than the income you have coming in. You spend and save equal to your income for that time period. This is called ________.

balanced budget

aligned budget

budget

gross budget

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The amount of money you earn before any taxes or other expenses are taken out of your paycheck is called _______.

income

gross income

net income

balanced income

Tags

CCSS.RI.4.5

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.5.3

CCSS.RI.4.3

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The money left over after taxes and other expenses are taken out of your paycheck. This is the money that you have to spend or save. This is known as a __________.

gross income

net income

budget

balanced budget

Tags

CCSS.RI.4.7

CCSS.RI.5.7

CCSS.RL.4.7

CCSS.RL.5.7

CCSS.RL.6.7

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Select the items that should be part of your balance budget.

Savings

Housing

Car

Other expenses

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