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5th grade · Social Studies · Unit 8 of 10

Earning & Saving

Savings plans and a kid business

What your child practices

Making a savings plan for a goal, estimating what a youth business can earn, income, expenses and profit, incentives, career choices and why people save differently.

Oregon State Standards learning standard: 5.E.ES.1; 5.E.ES.2; 5.E.IC.7; 5.E.IC.8; 5.E.IC.9 · savings plans, a youth business's income, career choices, incentives and differences in saving

Sample questions

A taste of this unit. In the app, questions change every time and get easier or harder to match your child.

  1. Question 1

    Kenji sells lemonade for $4 a cup and sells 13 cups. Supplies cost $26. What is the profit?

    • $26
    • $52
    • $78
    • $27

  2. Question 2

    An incentive is…

    • a kind of coin
    • something that encourages people to act
    • a law against trade

  3. Question 3

    Why might two families save different amounts?

    • their incomes, needs and experiences differ
    • saving is not allowed
    • one family doesn't care

  4. Question 4

    Maya sells lemonade for $2 a cup and sells 32 cups. Supplies cost $49. What is the profit?

    • $64
    • $113
    • $49
    • $15

  5. Question 5

    Jay charges $5 to walk a dog and walks 7 dogs this month. How much does Jay earn?

    • $40
    • $30
    • $35
    • $12

  6. Question 6

    A savings plan helps you…

    • reach a goal by putting money aside regularly
    • spend everything now
    • avoid all goals

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