Gross vs net income

The amount used for budgeting purposes.

• Gross

• Net

Tags

CCSS.7.EE.B.3

CCSS.7.EE.B.4

CCSS.7.NS.A.3

CCSS.7.RP.A.2

CCSS.7.RP.A.3

Includes taxes and deductions

• Gross

• Net

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

Total amount earned for the time worked

• Gross

• Net

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

Calculated by subtracting taxes and deductions from total amount worked

• Gross

• Net

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

Calculated by multiplying a daily or hourly rate by the days or hours worked

• Gross

• Net

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.2

CCSS.7.NS.A.3

CCSS.7.RP.A.3

Amount remaining after deductions

• Gross

• Net

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

Sometimes called "take-home" pay

• Gross

• Net

Tags

CCSS.7.RP.A.3

Amount earned before taxes and deductions

• Gross

• Net

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

The amount of money that can be spent by an employee

• Gross

• Net

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

CCSS.7.RP.A.3

Your salary

• Gross

• Net

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.2

CCSS.7.RP.A.3