Income Calculation Worksheet
Grade 10 Math worksheet covering various aspects of income calculation, including salary, hourly wages, commission, and deductions.
Includes
Standards
Topics
Income Calculation
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Date:
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Read each question carefully and provide the most accurate answer. Show all your work for calculations.
1. Sarah works at a local grocery store and earns $15.50 per hour. Last week, she worked 38 hours. What was her gross pay for the week?
2. David is paid $12.00 per hour for regular hours and time-and-a-half for any hours worked over 40 in a week. If David worked 45 hours last week, what was his gross pay?
3. A person earning a fixed amount of money per year, regardless of hours worked, is said to be on a .
4. Maria earns an annual salary of $52,000. Her bi-weekly gross pay is .
5. A salesperson earns a 12% commission on all sales. If they sold $7,500 worth of products, their commission would be .
6. Which of the following is typically NOT a mandatory payroll deduction?
Federal Income Tax
State Income Tax
Health Insurance Premiums
Social Security
7. Gross pay minus deductions equals:
Net pay
Overtime pay
Hourly wage
Bonus pay
8. An employee's net pay is always higher than their gross pay.
True
False
9. A bonus is an example of an additional income source.
True
False
10. Emily's gross bi-weekly pay is $1,800. Her deductions include Federal Income Tax ($250), State Income Tax ($75), Social Security ($111.60), Medicare ($26.10), and health insurance ($80). Calculate her net pay.