Income and Expenses Worksheet
A Grade 4 math worksheet covering basic concepts of income and expenses, including identifying sources of income and types of expenses.
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Income and Expenses
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Read each question carefully and answer to the best of your ability.
1. Which of the following is an example of income?
Buying a new toy
Earning money from a chore
Paying for groceries
Saving money in a bank
Complete the sentences with words related to income.
2. When you work, you usually receive a for your efforts.
3. If you sell old toys at a yard sale, the money you get is called .
4. Which of the following is an example of an expense?
Receiving a birthday gift
Finding money on the street
Paying for a movie ticket
Getting an allowance
Decide if each statement is True or False.
5. Income is the money you spend, and expenses are the money you earn.
True
False
6. Buying a new book is an example of an expense.
True
False
7. Give two examples of how a child your age might earn income.
Use the words in the bank to complete the sentences below.
8. Money you is your income.
9. Money you spend on things you need or want are called .
10. Your allowance is a form of .