CFU - Budgeting (Spending Guidelines)

Match the following defintion with the word

• gross pay

• Money taken out of a person's paycheck- insurance, income tax, social security

• net pay

• Money a person takes home after deductions

• deductions

• Hourly pay multiplied by the number of hours worked

• hourly pay

• The amount of money a person earns every hour

Tags

CCSS.7.EE.B.3

Before taxes and deductions, Mrs. Allen's pay was $1,600. This is considered her (a)   .

• net income
• gross income
• deposits
• income tax

Tags

CCSS.7.RP.A.3

What is a budget?

• A plan for sending and saving your money.

• A type of bank account.

• A tool used to buy expensive things?

(a)   are expenses that do not change.

• Expenses that change every month
• Expenses that happen on a non-stand
• Fixed expenses
• Expenses that are unpredictable

Tags

EPF.MCM.1

EPF.MCM.1.1

Rick just relocated to Lakeland, FL and got into a new job that offers him a $64k annual salary, which is roughly​ ​ (a)   each month, rounding the nearest dollar. If he follows the Spending Guidelines, he should be able to afford an apartment that is ​ (b)   or less each monthly and car payments of ​ (c)   or less each month.

• $5333
• $1599.90
• $586.63
• $4000
• $2000
• $1000
• $7040.00
• $19200.00
• $1299.80
• $695.64

Megan earns an annual salary of $56,800, which is ​ ​ (a)   each month. If she follows the Spending Guidelines, he should be able to afford to save (b)   each month, but she must keeps her grocery bill at ​ (c)   or less each month.

• $4735
• $437.50
• $947.00
• $5000.00
• $600.00
• $374.50
• $5682.00
• $11364.00
• $749.00

Tags

CCSS.6.RP.A.3C

Corey just got a new truck with monthly payments of $1251.80, BUT he only makes about $5700 each month of income. If we use the Spending Guidelines, how much is Corey "over" his transportation budget?

Answer: $ ___.__

Mathematical Equivalence

ON

Tags

CCSS.6.RP.A.3C