Texas Personal Financial Literacy Fifth Grade

Identify if the expense is fixed or variable: Boy Scouts dues - 1.50 per week

What is a fixed expense?

A tax paid by consumers on purchased goods and on some services is called ____?

Identify if the expense is fixed or variable: After school snack about $2.00 for 3 days.

Identify if the expense is fixed or variable: Sparky's dog food about 5.50 a week.

Wages or salary before deductions for taxes etc. is called ____?

Identify if the expense is fixed or variable: A visit to the the game room about 5.50 a week

An estimate of income and spending for a certain time period is called ______?

Taxes that are taken out of your paycheck and paid to the federal government is called ___?

Wages or salary after deductions for taxes etc. is called ____?

Identify if the expense is fixed or variable: Lunch everyday in cafeteria is $2.00

Identify the balanced budget.

A balanced budget is when ____?

A tax that is paid to the local government on real estate is called ____?

Identify if the expense is fixed or variable: Buck's portion of the phone bill 12.00 a month

What is a variable expense?

Money paid to the federal government based on your income is called ____?