5th Grade Math Unit 12

Big Idea:

Balancing a budget, differentiating between net and gross income, and knowing the types of taxes.

Student Expectations:

Priority TEKS

5.10(F) [Supporting] balance a simple budget.

Focus TEKS

5.3(E) [Readiness] Solve for products of decimals to the hundredths, including situations involving money, using strategies based on place-value understanding, properties of operations, and the relationship to the multiplication of whole numbers.

5.3(K) [Readiness] Add and subtract positive rational numbers fluently.

5.10(A) [Supporting] define income tax, payroll tax, sales tax, and property tax.

5.10(B) [Supporting] explain the difference between gross income and net income.

5.10(D) develop a system for keeping and using financial records.(not tested)

Student Learning Targets:

• I will learn the difference kinds of taxes.
• I will learn the steps to balance and maintain a budget.
• I will learn the difference between gross and net income.
• I will write a real world situation problem about balancing a budget.

Essential Questions:

• What is the difference between gross and net income?
• What are income, payroll, sales, and property tax?
• How can you make and balance a budget?

Extra Information:

Adopted Textbook: Houghton Mifflin Harcourt - GO Math!

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