What grade level is associated with learning about budget balancing in Texas?

Balancing a Budget: STAAR Practice Insights

Interactive Video
•
Mathematics
•
1st - 5th Grade
•
Medium

Ethan Morris
Used 12+ times
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
6th grade
4th grade
7th grade
5th grade
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of balancing a budget?
To ensure expenses do not exceed income
To avoid paying taxes
To spend all available money
To increase gross income
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between net income and gross income?
Net is before taxes, gross is after taxes
Gross is theoretical earnings, net is actual earnings after deductions
Gross is only for businesses
Net is always higher than gross
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does Wanda's net income amount to?
$2700
$2500
$2438
$2600
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to distinguish between net and gross income?
To calculate taxes correctly
To understand actual take-home pay
To plan expenses accurately
All of the above
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which category of Wanda's expenses is the highest?
Utilities
Rent
Food
Savings
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much does Wanda spend on utilities?
$450
$275
$325
$285
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