Financial Literacy 10 Unit Review

Caitlin earns $2,500/month + 5.9% commission on $45,986. What is her gross pay?

CPP is 5% of gross income over $3,500. If gross is $45,000, CPP deduction is:

Your restaurant bill is $64.50, and you leave an 18% tip. What is the total amount you pay?

Alyssa earns $60,000/year. Use the info below to calculate her total deductions:

Last week, Jayden worked 40 regular hours and 6 overtime hours. What was his total pay?

Hannah earns $40,000 per year. Use the following tax brackets to estimate her total income tax:

Which of the following is true about net pay?

You earn $18/hour and work 30 hours in a week. Your gross pay is...

Which of the following is a type of earned income?

Nadia earns $3,000/month + 6.25% on sales over $20,000. December sales = $28,546. What is her gross pay?

EI is 1.58% of gross income. If gross is $2,500, what’s the EI deduction?

What does “CPP” stand for on a Canadian pay stub?

You receive a bill for $42.00 at a restaurant. You want to leave a 15% tip. How much is the tip?

If you earn $500 and $75 is taken off for deductions, what is your net pay?

Why is income tax deducted from your pay?

What does commission mean in a salary context?

If your gross monthly pay is $3,200 and 20% is deducted for taxes and other items, what is your net pay?

Maya is paid $2.40 for every tote bag she sews. Last week, she completed 126 tote bags. What was her total pay?

What is "gross pay"?

What is "net pay"?