Income and Expenses Worksheet
A Grade 6 math worksheet covering income, expenses, and basic financial literacy concepts.
Includes
Standards
Topics
Income and Expenses
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Read each question carefully and answer to the best of your ability. Show all your work.
1. Which of the following is an example of income?
Paying for groceries
Earning money from a part-time job
Buying a new book
Paying rent
2. What is the definition of an expense?
Money you receive
Money you spend
Money you save
Money you invest
3. The money a person earns is called their .
4. Things we spend money on, like food and clothes, are called .
5. Sarah earns $75 babysitting this month. She spends $20 on a new book and $15 on a gift for her friend. How much money does Sarah have left?
6. Explain the difference between a fixed expense and a variable expense. Give an example of each.
7. A paycheck is an example of an expense.
True
False
8. Saving money means you are putting it aside for future use.
True
False