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by BlastRoom
Tell gross income from net income and work out simple budgets of income, expenses, and savings.
#budgeting_scenarios#us_grade_5_math
20 questions
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Gross income is the money a person earns before anything is taken out of the pay. What is net income?
Kim's paycheck shows she earned $240.00. Taxes of $28.50 are taken out. What is her net income?
Rosa took home $186.00 after $24.00 was taken out of her pay. What was Rosa's gross income?
Tom earned $95.00 last week. After $11.20 was taken out, he received $83.80. Which amount is Tom's gross income?
What does a simple budget show?
Leo lists these in his budget: money from mowing lawns, the cost of gas for the mower, and money he puts in the bank. Which one is an expense?
Nina writes her budget: $30.00 from babysitting, $9.00 for a movie ticket, and $6.50 for popcorn. Which amount is her income?
Devin's expenses for the month are $12.50 for a bus pass, $8.75 for snacks, and $6.00 for a comic. What are his total expenses?
A budget is balanced when income equals expenses plus savings. Ana's income is $80.00 and her expenses are $55.00. How much can she save to balance it?
A class fundraiser took in $340.00. Supplies cost $85.00 and posters cost $40.00. How much money is left?
A family budgets $150.00 for groceries. They spend $62.35 one week and $48.90 the next. How much of the budget is left?
Ella gets $15.00 in allowance each week. Each week she spends $4.25 on snacks and $3.50 on stickers. How much is left each week?
Marcus has $40.00 of income this month. His expenses are $18.00, $9.50, and $16.00. How much more are his expenses than his income?
Net income is never more than gross income.
Adding a new expense to a budget leaves more money for savings.
Sara's gross income is $520.00. From it, $73.40 is taken out for taxes and $15.00 for insurance. What is her net income?
Owen's gross income for the week is $108.00. From it, $18.50 is taken out of his pay. What is his net income?
Nadia's income is $60.00 a month. She budgets $22.50 for expenses and $12.00 for savings. How much of her income is not yet planned?
A lemonade stand took in $48.00. Cups cost $7.25, lemons cost $12.40, and sugar cost $5.35. What are the total expenses?
The garden club raised $215.00. Seeds cost $38.60 and soil cost $54.25. How much is left for the club to save?
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40 questions
