5.10A/B Gross/Net Income & Taxes

Front

Gross income is:

Back

the total amount of money you earn

Front

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

Back

$288

Front

Net income is:

Back

the amount of money you receive after deductions are subtracted from your gross income

Front

Yvonne's gross income: ? Yvonne's deductions: $251.18 Yvonne's net income:$451.82

Back

$703

Front

Martha's net income is $500, if her gross income is $850, how much are her deductions?

Back

$350

Front

A deduction is

Back

money taken out of your income

Front

Gross income minus deductions equals your net income. If Amorelle made $384 in gross income and her deductions are $122, what is her net income?

Back

$262

Front

A portion of the value of items. This can be charged on items like: cars, houses, boats, or land.

Back

Property Tax

Front

The total tax an employer withholds to pay to the government.

Back

Payroll Tax

Front

Alex purchases 2 comic books for $5 each and a set of trading cards for $10. He gives the clerk $20, but he needs more money to pay for the tax. Which tax does Alex need to pay?

Back

Sales tax