Personal Financial Literacy
Flashcard
•
Mathematics
•
5th Grade
•
Easy
+9
Standards-aligned
Candelario Leal
Used 1+ times
FREE Resource
Student preview

15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What is a balanced budget?
Back
A balanced budget occurs when your expenses and income are equal.
2.
FLASHCARD QUESTION
Front
What are expenses?
Back
Expenses are payments for goods and services, or what you spend.
3.
FLASHCARD QUESTION
Front
What is gross income?
Back
Gross income is the money you receive before taxes.
4.
FLASHCARD QUESTION
Front
How much can JR save and still balance his budget?
Back
JR can save $11.01 and still balance his budget.
Tags
CCSS.5.NBT.B.7
5.
FLASHCARD QUESTION
Front
What is the sales tax rate in Texas?
Back
The sales tax rate in Texas is 8%, or 0.08 times the purchase price.
6.
FLASHCARD QUESTION
Front
If a doll costs $150, what is the total amount paid including sales tax?
Back
The total amount paid for the doll is $162.
Tags
CCSS.6.RP.A.3D
7.
FLASHCARD QUESTION
Front
What is net income?
Back
Net income is the money you receive after taxes are deducted.
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