Understanding Income and Budgeting

What is the formula for the volume of a rectangular prism?

Which of the following best describes gross income?

• Income after taxes and deductions

• Total income before any deductions

• Income after paying bills

• Income from investments only

• $50

• $60

• $70

• $80

What is income tax?

• Tax on the purchase of goods and services

• Tax on the value of property

• Tax on earnings from work

• Tax on imported goods

Calculate the perimeter of a rectangle with a length of 8 units and a width of 3 units.

• 11 units

• 22 units

• 24 units

• 16 units

What is the difference between net income and gross income?

• Net income is before deductions; gross income is after deductions.

• Net income is after deductions; gross income is before deductions.

• Net income includes bonuses; gross income does not.

• Net income is only from salary; gross income includes all sources.

If a cube has a side length of 4 units, what is its volume?

• 12 cubic units

• 16 cubic units

• 64 cubic units

• 32 cubic units

What is payroll tax?

• Tax on the purchase of goods and services

• Tax on property ownership

• Tax deducted from an employee's salary

• Tax on business profits

A rectangular prism has a length of 5 units, a width of 3 units, and a height of 2 units. What is its volume?

• 10 cubic units

• 15 cubic units

• 30 cubic units

• 20 cubic units

• $400

• $500

• $600

• $100