Gross vs Net Income & Ways to Pay

_________________ is total income before payroll taxes are taken out.

• Gross income

• Net income

______________ is income that is left after payroll taxes are taken out.

• Gross income

• Net income

Ms. Bailey is an art teacher in a state that does not have a state income tax. Look at Ms. Bailey's pay stub for the pay period May 1 to May 15. How much was deducted from her gross income to get her net income?

Jill works as a chef in a state that does not have a state income tax. Look at Jill's pay stub for the pay period January 1 to January 15. What was Jill's net income?

Gabriel builds airplanes for an engineering company. He lives in a state that has a state income tax. Look at Gabriel's pay stub for the pay period June 16 to June 30. What was Gabriel's net income?

Jeanette works as an architect for 36 hours each week. She earns $43.25 per hour. Her payroll taxes were $140.13 this week. Jeanette doesn't have any other income. What was Jeanette's net income this week?

Alvin earns $17.00 per hour working as an ice skating instructor. Last week, Alvin worked 39 hours. The job as an ice skating instructor is Alvin's only source of income. What was Alvin's gross income last week?

For 3 weeks last summer, Joel worked as a camp counselor. It was a tiring yet fun-filled job! Joel's weekly gross income was $1,078. The camp withheld $203.45 each week for taxes. What was Joel's net income for the 3 weeks?

Tony earns money as a tour guide in a big city. Last week, he earned $987.00 in gross income. His net income was $865.17. How much were Tony's payroll taxes last week?

Which of the following is an ADVANTAGE of using a debit card to buy gas?

• If your debit card is lost, you automatically lose your money.

• You may forget your personal identification number (PIN).

• Debit cards are easy to carry and quick to use.