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Standards/Math/Texas/5.10

5.10

5 Grade 5
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5.10.A5.10.B5.10.C5.10.D5.10.E5.10.F

Personal financial literacy. The student applies mathematical process standards to manage one's financial resources effectively for lifetime financial security.

5.10.ADefine income tax, payroll tax, sales tax, and property tax.5.10.BExplain the difference between gross income and net income.5.10.CIdentify the advantages and disadvantages of different methods of payment, including check, credit card, debit card, and electronic payments.5.10.DDevelop a system for keeping and using financial records.5.10.EDescribe actions that might be taken to balance a budget when expenses exceed income.5.10.FBalance a simple budget.
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