Budgets

Read and construct a simple budget -- calculating amounts spent, saved, or remaining from income and expenses, finding a percentage of a budget for a category, and reasoning about surplus and deficit.

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Te reo Māori terms

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Learning objective overview

Master Teaching Guide coverage for this objective.

Resources

Terminology

  • Budget
  • Income
  • Expenses
  • Surplus
  • Deficit
  • Percentage of an amount

Task goals

  • Calculate the amount left in a budget after subtracting one or more expenses from income.
  • Find a weekly, monthly, or per-person/per-week rate by dividing a total budget or cost.
  • Find a percentage of a budget for one spending category, and read a spending percentage from a pie chart.
  • Calculate a new amount after a budget is increased or decreased by a given percentage, including reversing a discount or GST addition to find an original price.
  • Reason about surplus or deficit when comparing planned spending (including percentage-based and ratio-based splits) against a budget or income.

Key skills

  • Budgets

Quick stats

  • 81 total questions
  • 3 difficulty levels
  • Answers included