Functional Math: Life Skills 2
Authored by Andrew Rush
Financial Education
5th Grade
DOK Level 2: Skill/Concept covered
Used 4+ times
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14 questions
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1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is the main difference between gross pay and net pay?
Gross pay is your income after taxes, while net pay is before taxes.
Gross pay includes your total earnings before any deductions, while net pay is what you receive after deductions.
Gross pay is calculated weekly, while net pay is calculated monthly.
There is no difference; both terms mean the same thing.
Tags
DOK Level 1: Recall
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
If Aiden Swieneski works 35 hours a week and earn $15 per hour, how much is his gross pay for the week?
$525
$450
$550
$500
Tags
DOK Level 2: Skill/Concept
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Even as a teenager, why is it important to set financial goals?
To ensure you can buy everything you want.
To plan for future financial needs and track spending.
To make sure you work every day.
To impress others with your money management skills.
Tags
DOK Level 2: Skill/Concept
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is a budget?
A plan for spending money on entertainment only.
A list of friends to borrow money from.
A plan for spending, saving, and managing money.
A record of past purchases.
Tags
DOK Level 1: Recall
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
If Julia buys Sox tickets that cost $120 and the sales tax rate is 8%, how much does Julz have to pay in sales tax?
$9.60
$10.00
$9.80
$9.40
Tags
DOK Level 2: Skill/Concept
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is the primary difference between a debit card and a credit card?
A debit card allows you to borrow money, while a credit card uses money from your bank account.
A debit card uses money directly from your bank account, while a credit card allows you to borrow money from the card issuer.
There is no difference; both cards do the same thing.
A debit card has no spending limit, while a credit card has a fixed limit.
Tags
DOK Level 1: Recall
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Ben wants to save $200 to buy Dungeons and Dragons games for him and his friends in 4 months. How much should Ben save each month?
$40
$50
$60
$70
Tags
DOK Level 2: Skill/Concept
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