7.13.B Identify the components of a personal budget
Quiz by Texas Education Agency
Grade 7
Mathematics
Texas Essential Knowledge and Skills (TEKS)
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Measures 1 skill fromGrade 7MathematicsTexas Essential Knowledge and Skills (TEKS)
Measures 1 skill from
Grade 7
Mathematics
Texas Essential Knowledge and Skills (TEKS)
7.13.B: Personal Financial Literacy
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3 questions
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- Q1Maria’s monthly income is $2,000. The table displays the different categories in Maria’s monthly budget and the amount of money she spends in each category. Which statement is not supported by the information in the table?Maria puts 15% of her monthly income into savings.More than 1/4 of Maria’s monthly income is spent on utilities, cable, and groceries.Maria spends 14% of her monthly income on her cell phone and other expenses.More than 1/2 of Maria’s monthly income is spent on rent60s7.13.B: Personal Financial Literacy
- Q2Felicia earns $800 a month. The table shows her monthly budget. Which statement is supported by the information in the table?Felicia spends 20% of her monthly budget on college savings.Felicia spends 25% of her monthly budget on her car payment.Felicia spends 10% of her monthly budget on clothes and food.Felicia spends 50% of her monthly budget on her car payment and cell phone.60s7.13.B: Personal Financial Literacy
- Q3In Oscar’s monthly budget, each category is assigned a certain percentage of his monthly income. Oscar’s monthly income is $2,250. Which statement is NOT supported by the information in the table?Oscar budgets $485 of his monthly income for telephone, utilities, and emergencies.Less than $900 of Oscar’s monthly income is for his house payment and life insurance.More than $530 of Oscar’s monthly income is for his car payment and car insurance.Oscar puts $360 of his monthly income into savings.60s7.13.B: Personal Financial Literacy