
Gross vs. Net Income
Authored by Jordan Humphries
Mathematics
5th Grade
CCSS covered
Used 21+ times

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11 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is gross income?
The amount of money earned after taxes and deductions.
The total amount of money earned before any deductions.
The amount of money left after paying for utilities.
The amount of money earned from investments only.
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
$38,000
$62,000
$50,000
$12,000
Tags
CCSS.7.EE.B.3
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is NOT deducted from gross income to calculate net income?
Taxes
Health insurance premiums
Retirement contributions
Gross income from a second job
Tags
CCSS.6.RP.A.3B
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
$20,000
$120,000
$55,000
$75,000
Tags
CCSS.7.EE.B.3
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does net income represent?
The total amount of money earned from all sources.
The amount of money earned before any deductions.
The amount of money left after all deductions are made from the gross income.
The amount of money spent on taxes only.
Tags
CCSS.3.OA.D.9
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following would be considered a deduction from gross income?
Overtime pay
Federal income tax
Bonuses
Gross income from investments
Tags
CCSS.7.RP.A.3
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
$42,000
$18,000
$60,000
$47,000
Tags
CCSS.4.OA.A.3
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