Income Calculation Worksheet
A Grade 6 math worksheet focused on understanding and calculating various forms of income.
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Standards
Topics
Income Calculation
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Read each question carefully and answer to the best of your ability. Show your work where necessary.
1. What is the difference between gross income and net income?
2. Money earned from working an hourly job is called .
3. A fixed amount of money paid to an employee for regular work, usually on a monthly or bi-weekly basis, is called a .
4. An extra payment that is made to an employee as a reward for achieving a goal or for good performance is called a .
5. Sarah works at a bookstore and earns $12 per hour. If she works 25 hours a week, how much does she earn in a week?
$250
$300
$350
$400
6. Mr. Johnson earns a monthly salary of $3,500. He also earns a 5% commission on his sales. If he sells $10,000 worth of products in a month, what is his total income for that month?
7. Tips are considered a form of income.
True
False