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Texas Essential Knowledge and Skills (TEKS)

Personal Financial Literacy

Grade: 5th Grade
Standard:

5.10.A

Description:

define income tax, payroll tax, sales tax, and property tax;

Standard:

5.10.B

Description:

explain the difference between gross income and net income;

Standard:

5.10.C*

Description:

identify the advantages and disadvantages of different methods of payment, including check, credit card, debit card, and electronic payments;

Standard:

5.10.E

Description:

describe actions that might be taken to balance a budget when expenses exceed income; and

Standard:

5.10.F

Description:

balance a simple budget.

5th Grade Math - Personal Financial Literacy Lesson
 
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