Family Budget

If Sonya works 160 hours in one month, what is her average hourly wage to meet the budget of $3250? Round to the nearest cent.

• $18.62
• $20.31
• $23.42
• $24.14

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.2

CCSS.7.NS.A.3

Mr. Jones works 130 hours in one month. Mrs. Jones works 160 hours in one month. What is their average hourly wage to meet the budget of $3760 a month? Round to the nearest cent.

• $12.97
• $18.71
• $22.94
• $26.82

Tags

CCSS.7.EE.B.3

CCSS.7.EE.B.4

CCSS.7.NS.A.2

CCSS.7.NS.A.3

Arturo earned $100 last month from his afternoon babysitting job. The table shows Arturo’s budget. Which is a true statement about Arturo’s budget?

• Arturo’s budget is not balanced because his expenses exceed his income.

• Arturo will have a surplus because he plans to spend less than he earned.

• Arturo’s budget is not balanced because he will spend all of his money.

• Arturo’s budget is balanced because his expenses equal his income.

Tags

CCSS.6.EE.B.7

CCSS.6.NS.B.3

CCSS.6.NS.C.5

Leon listed some expenses from last month on this table. Which of the following is a fixed expense?

• Gifts for friends

• Sodas

• Car payment

• Sports tickets

Because the amount of money I spend on gas depends on the price of gas and how much I use, it is considered a...

• Fixed Expense
• Variable Expense
• Discretionary Expense
• Income

Tags

CCSS.7.RP.A.3

What is a good reason to save money?

• To have money to buy things
• To have money put aside for emergencies
• For a future purchase
• All choices

What two things does a budget compare?

• Income and Expenses
• Savings and Interest
• Income and Investments
• Expenses and Expenditures

Tags

CCSS.6.RP.A.3

Rent is a:

• Fixed expense
• Discretionary Expense
• Variable expense
• Intermittent expense

Groceries are a:

• Fixed expense
• Variable expense
• Intermittent expense
• Discretionary expense

Money that is earned through a job.

• Interest
• Income
• Expense