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Hank has an hourly rate of $13. He works 22 hours. His deductions are $85. What is his net income?

Complete this sentence: Net income is...

Net Income vs. Gross income

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personal financial literacy

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Questions 5

Answers

1
Complete this sentence: Net income is...
a tax on all income that a person earns.
a tax paid by an employer based on a worker's wages.
the amount an employee is paid after deductions and taxes.
the total amount an employee earns before deductions are applied.
2
Hank has an hourly rate of $13. He works 22 hours. His deductions are $85. What is his net income?
$201
$212
$371
$286
3
Hank has an hourly rate of $11. He works 26 hours. His deductions are $74. What is his gross income?
$300
$212
$286
$275
4
Tyrone works 20 hours a week at Sonic. He earns $9 an hour. Which statement is true?
His net income is less than $180.
His gross income is more than $180.
His net income is more than $180.
His gross income is less than $180.
5
Complete this sentence: Gross income is...
a tax on all income that a worker earns.
the total amount an employee earns before deductions are applied.
that amount an employee is paid after deductions and taxes.
a tax paid by an employer based on a worker's wages.