Gross and Net Income
You earn a gross income of $6,700 per month. 28% of your gross income withheld as deductions. How much money was withheld?
$1,876
Solution: 6,700 x 28%
Your bi-weekly income is $2,640. What is your weekly income?
$1,320
Solution: 2,640 / 2
Your annual income is $72,000. What is your monthly income?
$6,000
Solution: 72,000 / 12
You earn a monthly income of $3,482. What is your annual income?
$41,784
Solution: 3,482 x 12 =
Your gross monthly income is $5,540. Your net income is $4,130. How much money was withheld for deductions?
$1,410
Solution: 5,540 - $4,130
Your weekly income is $1,211. What is your annual income?
$62,972
Solution: 1,211 x 52 =62,972
You earn an annual income of $46,355. What is your monthly income?
$3,862.92
Solution: 46,355 / 12 = 3,862.916666 rounded up!
You earn an annual income of $68,977. What is your monthly income?
$5,748.08
Solution: 68,977 / 12 = $5,758.0833 rounded
Your monthly gross income is $7,350.
$1,837.50 is withheld each month for deductions.
Find your monthly net income. Then, what is your ANNUAL net income?
Monthly-$5,512.50
Annual-$66,150
Solution: 7,350 - 1,837.50 = $5,512.50. Then,
$5,512.50 x 12
Your weekly net income is $1,585. You spends 70% of that on NEEDS. How much do you have left to spend on budgeting WANTS?
475.50
Solution: 1,585 - 70% =
Your weekly income is $889. Find your annual income. Then, what's your monthly income?
$3,852
Solution: 889 x 52 =. Then, divide by 12
You get paid bi-weekly. How many paychecks will you receive for 1 year?
26
Solution: 52 / 2
Your monthly gross income is $7,120. 25% is withheld for deductions. What is Your net income?
$5,340
Solution: $7,120 - 25%
Your weekly income is $780. Find your annual income. Then...what is your monthly income?
Monthly-$3,380
Annual-$40,520
Solution: 780 x 52 = 40,520 (Annual)
40,520 / 12 = monthly income
Your monthly income is $4,000. You spend $1,500 on rent. What percent of her income is spent on rent?
37.5%
Solution: 1,500 / 4,000 x 100
You earn an annual gross income of $80,000. You spend $67,000 on needs and wants. You put HALF of the leftover money in savings. How much money do you put in savings each year?
$13,000
Solution: 80,000 - 67,000 = 13,000. Then divide by 2