1Short Answer
Warm-up: In one sentence, define a music budget.
2Short Answer
A student band earns $180 from ticket sales and $45 from merchandise at a small show. What is the total income?
3Multiple Choice
Choose the best answer: Which is usually a fixed expense for a concert? A) snack sales B) venue rental C) fan donations D) encore song
4Short Answer
A singer pays $60 for transport, $25 for rehearsal space, and $15 for printed flyers. What is the total expense?
5Short Answer
If a song earns $500 in streaming revenue and the producer receives 20%, how much does the producer earn?
6Short Answer
Game Level 1: An artist spends $240 on recording and $90 on artwork. What is the total project cost?
7Short Answer
A concert sold 120 general-admission tickets at $12 each. How much money was collected from ticket sales?
8Short Answer
A manager takes a 10% commission from $3,000 of artist income. How much is the commission?
9Short Answer
Why might musicians keep both a savings fund and a project budget?
10Short Answer
A band earns $800 after a performance. They set aside 25% for future equipment. How much do they save?
11Short Answer
Match the income source to the best description: Streaming, merchandising, live performance. Which one is money earned from selling T-shirts and hats?
12Short Answer
A songwriter earns a royalty of $0.08 per stream. How much is earned from 2,500 streams?
13Short Answer
A venue charges $150 plus 5% of ticket sales. If ticket sales are $2,000, what is the total venue cost?
14Short Answer
Game Level 2: A duo earns $960 from a gig. They split earnings evenly after paying a $120 sound technician fee. How much does each person receive?
15Multiple Choice
Which revenue source is most likely to be passive income? A) selling concert tickets B) performing at a festival C) streaming royalties D) teaching a masterclass
16Short Answer
A recording session costs $75 per hour. If the band books 4 hours, what is the total cost?
17Short Answer
A producer offers a 50/50 split on net profit. If the net profit is $1,260, how much goes to the artist?
18Short Answer
A playlist placement increases monthly streams by 30%. If a track had 10,000 streams before, how many streams does it have after the increase?
19Short Answer
A student musician can choose between two deals: Deal A pays $400 upfront. Deal B pays 15% of a $3,500 project profit. Which deal pays more, and by how much?
20Short Answer
A band’s costs are $280, and their income is $415. What is their profit?
21True/False
True or False: A royalty is a payment made for the use of music or creative work.
22Short Answer
A concert package includes $500 for sound equipment, $200 for lighting, and $300 for security. What is the total cost?
23Short Answer
A singer’s total monthly music income is $1,800. If 40% comes from lessons, how much comes from lessons?
24Short Answer
Game Level 3: A label deducts a 12% fee from $4,500 in gross earnings. What is the fee amount?
25Short Answer
A musician sells 35 CDs at $10 each and 20 downloads at $2 each. What is the total sales amount?
26Short Answer
Why is it important for musicians to read a contract before signing?
27Short Answer
A composer receives $1,200 in performance royalties and $300 in synchronization fees. What is the total income from these two sources?
28Short Answer
A tour bus rental costs $900. The band has saved $650. How much more money do they need?
29Short Answer
A music project costs $2,000 to produce. If the artist wants a 20% profit above cost, what total revenue should they aim for?
30Constructed Response
Boss Round: In 2–3 sentences, explain one smart money decision a Grade 11 musician could make before releasing a song or planning a performance.
Answer Key
Teacher Notes:
Use this exit ticket after lessons on budgeting, revenue streams, royalties, contracts, and music business decisions. Students should work independently first, then review in pairs if time allows. Differentiation: support struggling learners with a formula bank and highlighted vocabulary; challenge advanced learners to justify answers with additional financial reasoning or industry examples. Suggested use: formative assessment, lesson wrap-up, or review station. Extension: have students design a simple budget for an independent artist or compare income sources for three types of musicians. Learning objectives: analyze music-related income and expenses, calculate earnings, interpret contracts and royalties at a basic level, and make informed financial decisions in music contexts.
| # | Answer | Explanation |
|---|
| 1 | A music budget is a plan that shows expected income and expenses for a music project or artist. | A budget helps musicians decide how money will be spent and earned. |
| 2 | $225 | Add the two income sources: 180 + 45 = 225. |
| 3 | B) venue rental | Venue rental is usually a set cost that does not change with ticket sales. |
| 4 | $100 | Add the expenses: 60 + 25 + 15 = 100. |
| 5 | $100 | 20% of 500 is 100. |
| 6 | $330 | Total cost = 240 + 90 = 330. |
| 7 | $1,440 | Multiply 120 × 12 = 1,440. |
| 8 | $300 | 10% of 3,000 is 300. |
| 9 | To separate money for emergencies from money planned for a specific music project. | This helps protect the artist from unexpected costs and keeps spending organized. |
| 10 | $200 | 25% of 800 is 200. |
| 11 | Merchandising | Merchandise sales are items such as shirts, posters, and hats. |
| 12 | $200 | 2,500 × 0.08 = 200. |
| 13 | $250 | 5% of 2,000 is 100, and 150 + 100 = 250. |
| 14 | $420 | 960 - 120 = 840, and 840 ÷ 2 = 420. |
| 15 | C) streaming royalties | Royalties can continue to earn money after the original work is released. |
| 16 | $300 | 75 × 4 = 300. |
| 17 | $630 | A 50/50 split divides the profit equally. |
| 18 | 13,000 streams | 30% of 10,000 is 3,000, so 10,000 + 3,000 = 13,000. |
| 19 | Deal B pays more by $125 | 15% of 3,500 is 525. Since 525 - 400 = 125, Deal B is better by $125. |
| 20 | $135 | Profit = income - costs = 415 - 280 = 135. |
| 21 | True | Royalties are commonly paid when music is streamed, performed, licensed, or sold. |
| 22 | $1,000 | 500 + 200 + 300 = 1,000. |
| 23 | $720 | 40% of 1,800 is 720. |
| 24 | $540 | 12% of 4,500 is 540. |
| 25 | $390 | CDs: 35 × 10 = 350. Downloads: 20 × 2 = 40. Total = 390. |
| 26 | To understand payment terms, ownership, fees, and obligations before agreeing. | Contracts can affect income and rights, so reading them helps avoid mistakes. |
| 27 | $1,500 | 1,200 + 300 = 1,500. |
| 28 | $250 | 900 - 650 = 250. |
| 29 | $2,400 | 20% of 2,000 is 400, so the target revenue is 2,400. |
| 30 | Sample answer: A smart decision is to create a detailed budget before spending money so the musician can track recording, promotion, and performance costs. They should also save part of their income for unexpected expenses and keep records of all payments. | Strong answers should mention budgeting, saving, record keeping, or comparing costs and income. |