Gross Income
You work 10 hours this pay period. Your hourly wage is $15 an hour. What is your gross income?
$150.00
Your gross income is $1,500 for your last pay period. You had $57.65 taken out for deductions, what is your net income
$1,442.35
You're buying some bananas for $2.99. The sales tax on produce is 5%. What is the total cost with tax for the bananas?
$3.14
What is payroll tax?
Taxes that are paid by the employer
What is Net Income
The total amount of money a person gets paid in their paycheck. (After taxes)
Your hourly rate is $17.43. You worked 48 hours this pay period. What is your gross income?
$836.64
Your gross income is $1,200 for your last pay period. You had deduction of $240 for payroll tax. What is your net income?
$960.00
You buy a shirt from H&M. the tag price is $22.49, the sales tax on the shirt is 8%. What is the final price of the shirt?
$24.28
What is income tax?
money that is paid to the government out of a person's income
How can you figure out the net income?
Gross Income - Deductions = Net Income
You work 40 hours a week. Your hourly rate is $22.60. what is your gross income for the month?
$3,616.00
David’s monthly gross income is $7350. 1837.50 is withheld each month for deductions. What is David’s net income?
$5,512.50
You see a pair of shoes for $84.99, the sales tax on the shoes are 6 percent. What is the total cost you will pay for the shoes?
$90.08
What is sales tax?
tax on everything you buy, such as clothing, food, and books.
How can you figure out the gross income?
Hourly wage x Hours worked = Gross Income
Jack’s hourly rate is $25.75. he worked 76 hours his last pay period. Jill’s hourly rate is 38.90 and she worked 52 hours her last pay period. What was their gross income altogether?
$3,979.80
Your gross income for this pay period $1,475.00. You have the following deductions $180, $340, and $74. What is your net income?
$881.00
If the price of a video game is $50.00 and the sales tax is 8%. What is the total cost of the game?
$54.00
What is property tax?
the tax you pay on property if you own a house.
Which of the following is disadvantage to using a credit card to make payments?
A. Debt is created
B. Debt is sometimes difficult to repay
C. Fees and interest may be charged
D. All the above
D. All of the above
Jack’s hourly rate is $25.75. he worked 76 hours his last pay period. Jill’s hourly rate is 38.90 and she worked 52 hours her last pay period. What was their gross income and whose is higher?
Jack $1,957.00 Jill $2,022.80 Jill's is higher
You earn a gross income of $67,200. If your deductions are $24,780, what will your net income be?
$42,420
At H-E-B you buy bread for $2.95, eggs for $1.25, milk for $3.98 and a liter of coke for $1.25, if the tax is 7% what will you pay altogether?
$10.09
What is gross income?
The total amount of money a person earns from working before taxes or deductions are taken out.
Colby created a 4 week budget plan. He usually earns $20.00 each week by mowing lawns for his family and neighbors. If Colby is sick one week and can't earn the $20.00, how much will he earn for his 4 week plan?
$60.00