Gross vs. Net Income
2 years ago
darthgrader
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10 QuestionsShow answers
  • Question 1
    120 seconds
    Q.

    A deduction is

    answer choices

    gross income

    money added to your income

    net income

    money taken out of your income

  • Question 2
    120 seconds
    Q.

    Gross income is:

    answer choices

    the total amount of money you earn

    the amount of money you receive after decuctions are subtracted

    the total amount of money you spend

    sales taxes on items you buy

  • Question 3
    300 seconds
    Q.

    Alexis worked 24 hours last week. At a rate of $12 per hour, what was Alexis' gross pay?

    answer choices

    $36

    $144

    $288

    $312

  • Question 4
    120 seconds
    Q.

    Net income is:

    answer choices

    the total amount of money you earn

    the amount of money you receive after deductions are subtracted from your gross income

    the amount of money that is taken away in the form of taxes

    the hourly rate of pay

  • Question 5
    180 seconds
    Q.

    Gross income minus deductions equals your net income.

    If Amorelle made $384 in gross income and her deductions are $122, what is her net income?

    answer choices

    $506

    $406

    $262

    $266

  • Question 6
    120 seconds
    Q.

    Marco has the following deductions listed.

    Federal Income tax: $44

    Social Security tax: $23

    Medicare tax: $5

    Health Insurance: $24

    What is the total amount of his deductions?

    answer choices

    $39

    $67

    $91

    $96

  • Question 7
    120 seconds
    Q.

    David's gross income: $127.25

    David's deductions: $25.20

    David's net pay: ?

    answer choices

    $102.05

    $102.45

    $112.05

    $152.45

  • Question 8
    120 seconds
    Q.

    Dayanara's gross income was $550. What was her net income if her deductions were $110 for payroll taxes and $22.50 for health insurance?

    answer choices

    $132.50

    $417.50

    $440.00

    $638.50

  • Question 9
    300 seconds
    Q.

    Angel wants to buy a football jersey that cost $84.

    He gets a job that pays him $15 an hour. He worked seven hours and was paid. After calculating his gross pay, does Angel have enough money to pay for the jersey if his total deductions was $12?

    answer choices

    Yes

    No

  • Question 10
    180 seconds
    Q.

    Yvonne's gross income: ?

    Yvonne's deductions: $251.18

    Yvonne's net income:$451.82

    answer choices

    $703

    $200.64

    $954.18

    $25,812.00

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