Income Calculation Worksheet
A Grade 7 math worksheet focusing on various aspects of income calculation, including hourly wages, salaries, commissions, and deductions.
Includes
Standards
Topics
Income Calculation
Name:
Date:
Score:
Read each question carefully and provide your answers in the space provided. Show all your work for calculations.
1. Sarah works at a local grocery store and earns $12.50 per hour. If she works 25 hours this week, how much will she earn before deductions?
2. Mr. Henderson has a yearly salary of $48,000. To find his monthly salary, you would divide $48,000 by . His monthly salary is .
3. A salesperson earns a 10% commission on all sales. If they sell $1,500 worth of products, how much commission do they earn?
$100
$150
$1,400
$1,650
4. Mark earns $800 bi-weekly. His total deductions for taxes and insurance are $120. What is his net pay for two weeks?
5. Gross pay is the amount of money an employee takes home after all deductions.
True
False
6. Emily works 40 hours per week at $15 per hour. She also earns a monthly bonus of $200. What is her total monthly income?
Related Worksheets
Grade 7 Cash Flow Worksheet
A worksheet for 7th graders to understand and calculate personal cash flow, including income and expenses.
Balancing Your Checkbook
A worksheet for 7th graders to practice balancing a checkbook, including deposits, withdrawals, and calculating balances.
Fixed and Variable Expenses Worksheet
A worksheet for 7th graders to practice identifying and calculating fixed and variable expenses in financial literacy.
Grade 7 Math: Tax and Tip Calculations
This worksheet helps 7th-grade students practice calculating sales tax and tips, essential skills for financial literacy.
Grade 7 Budget Planning Worksheet
A worksheet for 7th graders to practice budget planning, understanding income, expenses, and savings.
Sales Tax Calculation Worksheet
A Grade 7 math worksheet focusing on calculating sales tax, total cost, and understanding percentages in real-world financial scenarios.
Grade 7: Income and Expenses Worksheet
This worksheet helps Grade 7 students understand and calculate income, expenses, and net income through various exercises and real-world scenarios.
Understanding Your Credit Card Statement
A Grade 7 worksheet to help students understand the components and calculations involved in a credit card statement, focusing on financial literacy.