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ADDITION
SUBTRACTION
WORD PROBLEMS
UNDERSTANDING MONEY AND INCOME
APPLICATION (FINANCIAL CALCULATIONS)
100

7 + 5

12

100
8 - 3 =

5

100

Barri has 15 Roblox t-shirts. For his birthday, Aisha gives him 6 Roblox t-shirts. How many Roblox t-shirts does Barri now have?

Barri has 21 Roblox t-shirts. YAY

100

True or False: A smart consumer compares prices and checks quality before buying.

True

100

A video game costs $50 before tax. The sales tax rate is 13%.
What is the total price of the video game after tax?

$56.50

200

17 + 2 =

19

200

10 - 4 =

6

200

Liam has 10 hockey jerseys. Mariam stole 4 hockey jerseys from Liam. How many hockey jerseys does Liam now have?

Liam has 6 hockey jerseys.

200

True or False: A deduction is an amount of money added to your paycheck.

False. A deductions is taken off of your paycheck

200

1. Jordan earns $15 per week for doing chores at home. He wants to buy a pair of headphones that cost $90.
How many weeks will it take him to save up for the headphones if he saves all his weekly earnings?

6 weeks

300

9 + 8 =

17

300

20 - 12 =

8

300

If you receive money as a gift, what are some smart choices you could make with that money? Explain your reasoning.

Save at least half

300

What is Net Income?

The money you keep after taxes and deductions

300

A group of friends runs a lemonade stand for 3 days.
They earn $48 on the first day, $55 on the second, and $42 on the third.
What is their average daily income?

$48.33

400

7 + 4

11

400

17 - 6 =

11

400

Amanda is saving up for a new bicycle.

They earn money in the following ways:

  • A weekly allowance of $8
  • Babysitting for $21 per hour
  • Mowing lawns for $30 per lawn

If Amanda babysits for 7 hours and mows 4 lawns in a week, how much money do they earn in total?

  • Weekly allowance: $8
  • Babysitting: $21 per hour × 7 hours = $147
  • Mowing lawns: $30 per lawn × 4 lawns = $120

Total weekly earnings: 8+ 147 + 120 = 275 

This week, Amanda earned $275

400

What is Gross income?

Money you earn before any deductions

400

A pair of shoes is on sale for 25% off the original price of $80.
What is the sale price of the shoes?

$60

500

11 + 7 =

18

500

20 - 13 =

7

500

Emma has a budget of $50 for the week. She needs to spend money on three things:

  • A lunch for school ($10)

  • A new notebook for school ($5)

  • A movie ticket with her friends ($20)

After these purchases, Emma wants to save the rest of her budget for future expenses.

How much money will Emma have left after making these purchases

Emma will have $15 left

500

What is a budget?

A plan for how to spend and save money

500

Camden worked 8 hours at the pizza shop. He earns $12 per hour. How much money did Camden make in total during his 8 hour shift?

$96