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Texas Essential Knowledge and Skills (TEKS)
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| 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.D* |
| Description: |
develop a system for keeping and using financial records; |
| 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. |
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