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  5. Unit 1 Taxes, Move Out, Net Pay

Unit 1 Taxes, Move Out, Net Pay

Authored by Mark Mcpherson

Mathematics

12th Grade

CCSS covered

Used 4+ times

Unit 1 Taxes, Move Out, Net Pay
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7 questions

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1.

FILL IN THE BLANKS QUESTION

5 mins • 10 pts

Brashaya's moving expenses are going to be $5,000. She earns $18.00 per hour (Gross) and works 30 hours per week. After taxes, she pays a total of $100 in bills.

How many weeks will she have to work before she has enough money to move out?

(Federal Income Tax: 12%, State Income Tax: 5.19%, FICA: 7.65%)

(a)  

Tags

CCSS.7.EE.B.4A

2.

FILL IN THE BLANKS QUESTION

5 mins • 10 pts

Elijah wants to move out of his parent's house, but needs $5,500 to do it. He earns $14.85 an hour and works and average of 37 hours per week. He pays $240 per month for his gas and car insurance and spends $260 per month on food. How many weeks will he have to work before he can move out of his parent's house?

(Federal Income Tax: 12%, State Income Tax: 5.19%, FICA: 7.65%)

(a)  

Tags

CCSS.7.EE.B.4A

3.

FILL IN THE BLANKS QUESTION

5 mins • 10 pts

Ian earns $14.75 per hour and works 38 hours per week.

Assuming he works 50 weeks a year, what is his Annual Net Pay?

(Federal Income Tax: 12%, State Income Tax: 5.19%, FICA: 7.65%)

(a)  

Tags

CCSS.7.EE.B.3

4.

FILL IN THE BLANKS QUESTION

1 min • 10 pts

Marielci earns $15.25 per hour at Zaxby's and works an average of 38 hours per week.

If she was actually able to work every single week in a year, what would be her

Annual Gross Pay?

(a)  

5.

FILL IN THE BLANKS QUESTION

2 mins • 10 pts

Arie plans to move out of her parent's house in 26 weeks (half a year or 6 months),

but her moving expenses are going to be $3,500.

How much will she have to save each week so she can move out on time?

(Round your answer to the nearest cent)

(a)  

Tags

CCSS.6.EE.B.7

6.

FILL IN THE BLANKS QUESTION

5 mins • 10 pts

(Fed. Income Tax = 12%, State Income Tax = 5.19%, FICA = 7.65%)

Nelson still lives with his parents, earns $14.50 an hour and works an average of 38 hours per week.

His monthly expenses are: cell phone $70, car insurance $90, gas $120, and personal care $95.

His move out expenses are $8,800. How many weeks of work before he can move out on his own?

(a)  

7.

FILL IN THE BLANKS QUESTION

5 mins • 10 pts

Jeremiah earns $14.55 per hour and works 38 hours a week. He pays a total of 24.84% in taxes. What is his net weekly income?



(a)  

Tags

CCSS.6.RP.A.3C

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