TEKS.MATH.5.10B

Money you receive before taxes is called:

• gross income
• net income
• pay day
• bank loan

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TEKS.MATH.5.10B

Dayanara's gross income was $550.  What was her net income if her deductions were $110 for payroll taxes and $22.50 for health insurance?

• $132.50
• $417.50
• $440.00
• $638.50

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TEKS.MATH.5.10B

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

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TEKS.MATH.5.10B

Money earned through employment and investments

• budget
• expense
• income
• debt

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TEKS.MATH.5.10B

The amount of money an employee receives after income tax and other deductions have been taken out is called -

• budget

• profit

• net income

• gross income

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TEKS.MATH.5.10B

Gross income is the ...

• Total money earned

• Deductions

• Money after deductions

• Net income

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TEKS.MATH.5.10B

Money taken from your gross income

• Net income

• Gross income

• Deductions

• Property tax

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TEKS.MATH.5.10B

Rolando earns $395. His net pay is $356.

• Income/Payroll Tax

• Sales Tax

• Property Tax

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TEKS.MATH.5.10B

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

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TEKS.MATH.5.10B

David's gross income: $127.25

David's deductions: $25.20

David's net pay: ?

• $102.05

• $102.45

• $112.05

• $152.45

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TEKS.MATH.5.10B