Types of Income Review

This is your income before deductions:

• Gross Income

• Net Income

Tags

CCSS.7.EE.B.3

This is your income after deductions:

• Gross Income

• Net Income

Tags

CCSS.6.RP.A.3B

Set amount a person makes typically per year and is not eligible for overtime.

• Salary

• Tips

• Wages

• Commission

Amount paid in addition to the regular rate for a job well done. Typically anywhere from 10 - 20%

• Salary

• Tips

• Wages

• Commission

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

Amount earned per hour. Eligible for overtime.

• Salary

• Tips

• Wages

• Commission

Tags

CCSS.6.RP.A.3B

Percentage amount earned by an employee based on sales made.

• Salary

• Tips

• Wages

• Commission

Tags

CCSS.6.RP.A.3C

How much is minimum wage for non-tipped employees in Ohio?

• $5.25

• $7.25

• $10.45

• $15.15

Tags

CCSS.6.RP.A.3B

How much is minimum wage for tipped employees in Ohio?

• $5.25

• $7.25

• $10.45

• $15.15

Tags

CCSS.6.RP.A.3B

How much is federal minimum wage?

• $5.25

• $7.25

• $10.45

• $15.15

Tags

CCSS.4.MD.A.2

If you worked 10 hours and made $15/hr and had deductions of $45, how much gross income would you have? (DO NOT TYPE A $)

Tags

CCSS.7.EE.B.3