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Grade 8 Income Calculation Worksheet

This worksheet helps Grade 8 students understand and calculate various forms of income including salary, hourly wages, and commission.

Grade 8 Math Financial LiteracyIncome Calculation
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Includes

Fill in the Blanks4 Short AnswerMultiple ChoiceTrue / False

Standards

CCSS.MATH.CONTENT.7.RP.A.3CCSS.MATH.CONTENT.8.EE.B.5

Topics

mathfinancial literacyincomegrade 8
9 sections · Free to use · Printable
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Income Calculation: Grade 8

Name:

Date:

Score:

Read each question carefully and calculate the income as requested. Show all your work for full credit.

1. When you earn a fixed amount of money per year, regardless of the hours worked, you are earning a  .

2. If you are paid a set amount for every hour you work, you are earning an   wage.

3. A percentage of sales earned by an employee is known as  .

4. Sarah works at a local grocery store and earns $12.50 per hour. Last week, she worked 32 hours. How much did Sarah earn last week?

5. Mr. Johnson is a teacher and earns an annual salary of $52,000. If he is paid bi-weekly (every two weeks), how much does he receive in each paycheck?

6. Emily sells cars and earns a 5% commission on her total sales. If she sold cars worth $45,000 in a month, how much commission did she earn?

7. John earns $15 per hour for regular hours (up to 40 hours per week). Any hours worked over 40 are paid at time-and-a-half. If John worked 45 hours last week, what was his total earnings?

a

$600.00

b

$637.50

c

$675.00

d

$700.00

8. Gross income is the amount of money you take home after deductions.

T

True

F

False

9. Maria works part-time for $10.00 per hour and also earns a 10% commission on sales from her online craft store. Last week, she worked 15 hours and had $200 in craft sales. What was her total income for the week?