Free Printable WorksheetSocial StudiesGrade 9Social Studies CurriculumEPF.9.16

9.16 Personal Finance Earning, Spending, Saving, and Investing Worksheet

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Worksheet Overview & Skills Covered

Core academic competencies and curriculum alignment

This Civics Social Studies worksheet provides structured practice on 9.16 Personal Finance Earning, Spending, Saving, and Investing. Students are guided through targeted exercises that build foundational understanding, computational accuracy, and critical thinking skills.

Personal Finance: Earning, Spending, Saving, and Investing - Create and adjust a budget; explain pay statements and total compensation; compare saving and investing strategies over time. (NSPFE 2021 Topics I–IV, VI)

Whether you are an educator preparing classroom handouts, a tutor reinforcing weekly topics, or a parent supporting homeschool learning, this printable resource gives students the deliberate practice required to achieve subject fluency and master state standards.

Grade

Civics

Subject

Social Studies

Domain

Social Studies Curriculum

Formats

PDF & DOCX

Sample Practice Problems

Preview the types of problems and questions covered in this worksheet

Below are sample questions representative of the exercises included on this worksheet and related 9.16 Personal Finance Earning, Spending, Saving, and Investing skill assessments:

Problem 1Difficulty: Mastery

Lucas can invest $4,000 of pre-tax income for 25 years at 6% annually. Current tax rate is 12%. Expected tax rate in retirement is 10%. Assume the traditional account is taxed when withdrawn, and the Roth account is taxed now but tax-free when withdrawn.

Which account is expected to leave more after-tax money at the end, and why?

ATraditional, because the retirement tax rate is lower enough that paying tax later costs less

BRoth, because paying tax now is always cheaper

CTraditional, because Roth accounts cannot grow

DRoth, because traditional accounts never allow investing

Solution & Explanation:Compare after-tax outcomes. Traditional after-tax ≈ FV×(1−tax in retirement). Roth after-tax ≈ (contribution×(1−tax now))×growth. Using the numbers: traditional ≈ $15,451, Roth ≈ $15,107. Pick the larger and explain using tax timing.

Problem 2Difficulty: Mastery

Nora is comparing two job offers and will contribute enough to get the full 401(k) match. Offer A: salary $60,000, employer 401(k) match 3% of salary, employer pays $250/month toward health insurance. Offer B: salary $58,500, employer 401(k) match 4% of salary, employer pays $300/month toward health insurance.

Which offer has the higher estimated *total compensation* (salary + employer match + employer insurance), and by about how much?

AOffer B, by about $360

BOffer A, by about $360

COffer A, by about $180

DOffer A, by about $540

Solution & Explanation:Compute total compensation for each offer. Offer A: $60,000 + match 3% ($1,800) + insurance $3,000 = $64,800. Offer B: $58,500 + match 4% ($2,340) + insurance $3,600 = $64,440. Compare totals; the difference is about $360.

Problem 3Difficulty: Mastery

Caleb's monthly gross pay is $2,600. Caleb contributes $250 to a 401(k) pre-tax for income tax purposes. Income tax rate is 12% of taxable wages. FICA (Social Security + Medicare) is 7.65% of gross wages. After taxes, Caleb also has a post-tax deduction of $45.

What is Caleb's net pay for the month (rounded to the nearest dollar)?

A$2,074

B$2,023

C$1,794

D$1,824

Solution & Explanation:Step 1: Taxable wages for income tax = gross − pre-tax 401(k). Step 2: Income tax = 12% of taxable wages. Step 3: FICA = 7.65% of gross wages. Step 4: Net pay = gross − 401(k) − income tax − FICA − post-tax deductions. That gives $1,824.

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QWhat grade level and standards does this worksheet align with?

This worksheet is designed specifically for Civics Social Studies students. It aligns with educational standard EPF.9.16 (Grade 9 Social Studies practice focus: Personal Finance - Earning Spending Saving and Investing.).