WHAT'S INCLUDED:

This lesson is aligned with TEKS 2012 - 5th Grade Mathematics.

• TEKS Math.5.10B: Explain the difference between gross income and net income.

Task Card Sizes: Prints in 8.5 x 11

• (1 in 1 page)
• (2 in 1 page)
• (4 in 1 page)
• (6 in 1 page)

When purchasing this product, how to add a TpT Resource to Google Drive?

1. After checkout, go to My Purchases and click Download Now.
2. A new window will open with the Add to Google Drive button.
3. Click Add to Google Drive on the TpT resource page.
4. A pop-up will ask for Google Drive permissions. Check Select all and click Continue to Google permissions.
5. Sign in with your Google account.
6. TpT will automatically make a copy of the file for you.
7. When it says Successfully added, click View in Google Drive.
8. Your resource will be saved in a folder called TPT Purchases inside your Google Drive.

💡 Important:

• Make sure you’re signed into the correct Google account before adding.

24 Questions:

1. Which of the following best describes net income?
   
2. The image below shows Jessie’s income. How much is her gross income?
   
3. Shane works at a grocery store and receives her paycheck. What is the difference between Shane’s gross income and net income?
   
4. What is net income?
   
5. Mary earns $4500 per month as shown below. What is her net income?
   
6. What is the difference between gross income and net income?
   
7. Mary Ann receives her paycheck. What is her gross income?
   
8. Alex works part time job in a coffee shop and can earn $25 per hour. Based on the image below, what is his weekly net income?
   
9. Which of the following is an example of gross income?
   
10. Angel is offered two jobs. Which job gives her a higher net income?
    
11. Lissie works part–time 20 hours a week at a smoothie shop and earns $240 in gross income. After taxes, she takes home $210. What is the difference between her gross income and net income?
    
12. The bar graph shows the comparison of gross income vs net income of 4 jobs: Which job has the highest gross income?
    
13. Leo’s net income is $4,800 since he was deducted for taxes and benefits amounting to $1,200. What is his gross monthly income?
    
14. Nathaniel earns $1200 as a camp counselor over the summer. $200 is withheld for taxes and insurance. What is his net income?
    
15. Who has the highest gross income?
    
16. Karen drives passengers to earn. She has $600 left after she pays $150 for gas and car maintenance, and $50 in taxes. What was her gross income?
    
17. Samantha earns $3600 per month and pays $900 in deductions. Her friend Aaron earns $3400 a month and pays $400 in deductions. Therese earns $3500 per month and pays $300 in deductions while Dorothy earns $3800 per month and pays $800 deductions. Who has a higher net income?
    
18. How much was the gross income?
    
19. Emily babysat for 5 days. What is her net income after expenses?
    
20. Jenny works at a bakery with net income of $2,400 a month. If each month $600 is taken out for taxes and other deductions, what was her gross income?
    
21. Luigi is a graphic designer who earns $4,500 per month. He has $1,200 deducted for taxes and health insurance. How much is his net income?
    
22. How much was the student tutor’s gross income?
    
23. Ricky earns $2,800 a month as a teacher. After deductions, she receives the remaining amount of $2,100. How much was the deductions?
    
24. What was the net income after expenses?