Gross vs. Net Income 3/5 DOL

Susan works at Fast Wing Shoes. Her last pay stub is shown below.

• Net Income: $226.86; Gross Income: $586.86

• Gross Income: $586.86; Net Income: $360.00

• Net Income: $360.00; Gross Income: $226.86

• Gross Income: $360.00; Net Income: $226.86

Tags

CCSS.7.RP.A.3

David's gross income: $127.25

David's deductions: $25.20

David's net pay: ?

• $102.05

• $102.45

• $112.05

• $152.45

Tags

CCSS.6.NS.B.3

Which of these statements about gross income and net income is true?

• Gross income is a tax on all income that a worker earns, and net income is a tax paid by an employer based on a worker’s wages.

• Gross income is a tax paid by an employer based on a worker’s wages. and net income is a tax on all income that a person earns.

• Gross income is the amount an employee is paid after deductions and taxes, and net income is the total amount an employee earns before deductions are applied.

• Gross income is the amount an employee earns before deductions are applied, and net income is the amount an employee is paid after deductions and taxes.

Gross income is:

• the total amount of money you earn

• the amount of money you receive after decuctions are subtracted

• the total amount of money you spend

• sales taxes on items you buy

Tags

CCSS.3.OA.D.9

A deduction is

• gross income

• money added to your income

• net income

• money taken out of your income

Tags

CCSS.6.RP.A.3B

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