7.Gross Pay vs. Net Pay

Gross income is:

• the total amount of money you earn

• the amount of money you receive after deductions are subtracted

• the total amount of money you spend

• sales taxes on items you buy

Tags

CCSS.7.RP.A.3

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

• $36

• $144

• $288

• $312

Tags

CCSS.7.EE.B.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.RP.A.3

The total amount you earn BEFORE any deductions are subtracted is called __________ pay.

• Bonus
• Gross
• Incentive
• Net

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

A chemical technician earns $750 per week.  How much will she earn in one   month?  

• $3000.00
• $9000.00
• $3250.00
• $2800.00

Tags

CCSS.7.EE.B.3

A salesperson receives a commission of 6% on all sales.  If she sold $5000   worth of items in one week, find her commission.

• $3000.00
• $300.00
• $833.33
• $50.00

Tags

CCSS.6.RP.A.3C

Given an annual salary of $82,500, calculate weekly pay.

• $1,586.54

• $6,6875

• $1,718.5

Tags

CCSS.6.RP.A.3B

Given

45.00 hours worked

$12.50 Regular Rate of Pay

Overtime rate is time-and-a-half

Calculate the gross pay

• $593.75

• $562.50

• $507.50

• $693.75

Tags

CCSS.7.EE.B.3

What is Social Security?

• Government deductions for retirement

• Deductions for bills

• A Company

• Deductions for you 401K

What is Medicare?

• Health insurance for your kids

• Deductions for health insurance for your retirement

• A commission

• The name of a sports team