Gross and Net Income

Gross income is:

• the total amount of money you earn
• the amount of money you receive after decuctions are subtracted
• the total amount of money you spend
• sales taxes on items you buy

Sebastian worked 24 hours last week. At a rate of $12 per hour, what was Sebastian's gross pay?

• $36

• $144

• $288

• $312

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.2

CCSS.7.NS.A.3

Net income is:

• the total amount of money you earn
• the amount of money you receive after deductions are subtracted from your gross income
• the amount of money that is taken away in the form of taxes
• the hourly rate of pay

Tags

CCSS.7.NS.A.1

CCSS.7.RP.A.2

CCSS.7.RP.A.3

Gross income minus deductions equals your net income.

If Soniyah made $384 in gross income and her deductions are $122, what is her net income?

• $506

• $406

• $262

• $266

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

Emmanuel has the following deductions listed.

Federal Income tax: $44

Social Security tax: $23

Medicare tax: $5

Health Insurance: $24

What is the total amount of his deductions?

• $39

• $67

• $91

• $96

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

Colby's gross income: $127.25

Colby's deductions: $25.20

Colby's net pay is ___?___

• $102.05

• $102.45

• $112.05

• $152.45

Tags

CCSS.7.NS.A.1

CCSS.7.NS.A.3

Julia's gross income was $550.

What was her net income if her deductions were the following:

$110 for payroll taxes and $22.50 for health insurance?

• $132.50

• $417.50

• $440.00

• $638.50

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

Reilly wants to buy a football jersey that cost $84.

He gets a job that pays him $15 an hour. He worked seven hours and was paid. After calculating his gross pay, does Reilly have enough money to pay for the jersey if his total deductions was $12?

• Yes

• No

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

Noel's gross income is $340.

His deductions are 0.2 times his gross income.

What is Aaron's net income?

Hint: multiply Noel's gross income by 0.2

Then subtract that answer from his gross income.

• $680.00

• $342.00

• $272.00

• $68.00

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.2

CCSS.7.NS.A.3

CCSS.7.RP.A.3

Faith's gross income: $703

Faith's deductions: $251.18

Faith's net income: ?

• $451.82

• $551.82

• $954.18

• $25,812.00

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3