Understanding Net Pay
A Grade 7 math worksheet focusing on calculating net pay, including deductions for taxes and other contributions.
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Standards
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Understanding Net Pay
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Date:
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Read each question carefully and calculate the net pay after all deductions. Show your work where requested.
1. Gross pay is the total amount of money earned before any are taken out.
2. The amount of money you take home after all deductions is called .
3. Common deductions include federal income tax, state income tax, and .
1. Sarah earned $350 this week. Her deductions were $35 for federal tax and $15 for state tax. What is her net pay?
2. Mark's gross pay was $420. He had a 10% deduction for federal tax and $20 for health insurance. What is his net pay?
1. If your gross pay is $500 and your total deductions are $120, what is your net pay?
$380
$620
$120
$500
2. Which of the following is NOT typically a deduction from gross pay?
Federal Tax
Health Insurance
Rent Payment
Social Security
1. Net pay is always greater than gross pay.
True
False
2. Deductions are amounts subtracted from your gross pay.
True
False
1. Emily works part-time and earns $15 per hour. Last week, she worked 25 hours. Her deductions were 12% for federal tax, 5% for state tax, and $10 for a retirement plan. Calculate Emily's gross pay and her net pay for the week. Show all your steps.