Grade 5 · Math · Unit 11 of 11
Money & Taxes
Tax, budgets and best value
What your child practises
Ways money moves, working out a price with 13% HST, planning a budget, understanding interest and debt, finding the best value with unit rates, and what taxes pay for.
Ontario Curriculum expectation: F1.1–F1.6 · moving money, total costs with sales tax, budgets, credit and debt, unit rates and taxes
Sample questions
A taste of this unit. In the app, questions change every time and get easier or harder to match your child.
Question 1
Maya earns $60 a month. She spends $9 on snacks, $6 on games and $8 on gifts. How much is left to save?
Item Dollars Earn 60 Snacks 9 Games 6 Gifts 8 - 40
- 32
- 37
Show answer
37
Hint: Add what she spends, then subtract from what she earns.
Question 2
Which tax is paid on money a person earns?
- property tax
- income tax
- sales tax
Show answer
income tax
Hint: Income tax is taken from earnings.
Question 3
When a business pays an employee, what is that money called?
- wages or salary
- a tax
- a refund
Show answer
wages or salary
Hint: Wages are what workers earn.
Question 4
A pair of boots costs $10. HST is 13%. What is the total cost?
🥾- $1.30
- $23.00
- $11.30
Show answer
$11.30
Hint: Find 13% of the price, then add it to the price.
Question 5
Pack A has 5 bottles for $13.30. Pack B has 8 bottles for $31.60. Which pack is the better value?
- Pack A
- Pack B
Show answer
Pack A
Hint: Find the cost of one bottle in each pack. Lower is better value.
Question 6
4 litres of juice cost $5.20. What is the cost per litre in dollars?
answer box
Show answer
1.3
Hint: Divide $5.20 by 4.