SW2: Financial Literacy & Decimal Concepts

5.10(A) define income tax, payroll tax, sales tax, and property tax

5.10(B) explain the difference between gross income and net income

5.10(C) identify the advantages and disadvantages of different methods of payment, including check, credit card, debit card, and electronic payments

5.10(D) develop a system for keeping and using financial records

5.10(E) describe actions that might be taken to balance a budget when expenses exceed income

5.10(F) balance a simple budget

5.2(A) represent the value of the digit in decimals through the thousandths using expanded notation and numerals

5.2(B) compare and order two decimals to thousandths and represent comparisons using the symbols >, <, or =

5.2(C) round decimals to tenths or hundredths

5.3(A) estimate to determine solutions to mathematical and real-world problems involving addition, subtraction, multiplication, or division

5.3(D) represent multiplication of decimals with products to the hundredths using objects and pictorial models, including area models

5.3(E) solve for products of decimals to the hundredths, including situations involving money, using strategies based on place-value understandings, properties of operations, and the relationship to the multiplication of whole numbers

5.3(F) represent quotients of decimals to the hundredths, up to four-digit dividends and two-digit whole number divisors, using objects and pictorial models, including area models

5.3(G) solve for quotients of decimals to the hundredths, up to four-digit dividends and two-digit whole number divisors, using strategies and algorithms, including the standard algorithm

5.3(K) add and subtract positive rational numbers fluently

5.4(F) simplify numerical expressions that do not involve exponents, including up to two levels of grouping

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