If you earn $50 this week and spend $15 on supplies, how much do you have left for saving or spending later?

Study for the 6th Grade Financial Literacy Test. Explore interactive quizzes and multiple-choice questions with insightful explanations. Prepare effectively today!

Multiple Choice

If you earn $50 this week and spend $15 on supplies, how much do you have left for saving or spending later?

Explanation:
When you figure out how much money you have left, you subtract expenses from what you earned. You earned 50 dollars and spent 15 dollars. 50 minus 15 equals 35. So you have 35 dollars left to save or spend later. If you hadn’t spent anything, you’d have 50 dollars; if you spent more than you earned, you’d have less than zero, but that isn’t the case here.

When you figure out how much money you have left, you subtract expenses from what you earned. You earned 50 dollars and spent 15 dollars. 50 minus 15 equals 35. So you have 35 dollars left to save or spend later. If you hadn’t spent anything, you’d have 50 dollars; if you spent more than you earned, you’d have less than zero, but that isn’t the case here.

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