Income Calculation Worksheet

Income Calculation

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?

7. Gross pay minus deductions equals:

8. An employee's net pay is always higher than their gross pay.

9. A bonus is an example of an additional income source.

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.