Financial Literacy - 5th Grade

When you put money into a bank account for safe keeping, you are making a ...

• deposit

• withdrawal

• expenses

Tags

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.4.3A

CCSS.RF.5.3A

An expense that does not change from month to month is called ...

• variable expense

• profit

• fixed expense

Tags

CCSS.3.OA.D.9

An expense that varies over time is called...

• fixed expense

• profit

• variable expenses

Tags

CCSS.HSF-LE.A.1B

Something that you pay is called....

• income
• an expense
• a profit
• savings

Tags

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.4.3A

CCSS.RF.5.3A

Money that you make is called...

• income
• variable expense
• propery taxes
• fixed expense

Scout earned $280.00 mowing lawns.  Her profit was $250.00.  How much were her expenses?

• $50.00
• $530.00
• $30.00
• $40.00

Tags

CCSS.7.NS.A.3

Which situation shows a financially responsible citizen?

•  Purchasing an expensive automobile you CANNOT afford.
• Only buying items that you CAN afford
• Throwing money out the window.
• Hiding your money under your mattress. 

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

Amanda has to pay taxes on her annual salary and investments. Which type of tax is Kimberly paying? 

• Sales Tax
• Property Tax
• Payroll Tac
• Income Tax

Tags

CCSS.7.RP.A.3

Which of the following is an advantage of using a credit card?

• Interest is charged for the use of a credit card.

• Consumers can purchase things now, and pay for them later in the event of an emergency.

• You could be a victim of identity theft.

Amarise's salary has a net income of $235 per week. If she pays $30 in income tax and $15 in payroll tax, how could Juliette determine her gross income? Why?

• 235 – 30 – 15 = $190 Net income minus all deductions equals gross income.
• 235 + 15 = $250 Net income plus payroll tax deductions equals gross income.
• 235 + 30 = $265 Net income plus income tax deductions equals gross income.
• 235 + 30 + 15 = $280 Net income plus all deductions equals gross income.

Tags

CCSS.6.NS.B.3