Grade 9 Income Calculation Worksheet
This worksheet covers essential concepts of income calculation for Grade 9 students, including gross pay, net pay, deductions, and various income types.
Includes
Standards
Topics
Income Calculation Fundamentals
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Read each question carefully and provide the best answer. Show all your work for calculation problems.
1. What is the term for the total amount of money an employee earns before any deductions are made?
Net Pay
Gross Pay
Take-Home Pay
Salary
2. Which of the following is typically NOT a mandatory payroll deduction?
Federal Income Tax
State Income Tax
Health Insurance Premiums
Social Security Tax
1. is the money an individual receives in exchange for working or through investments.
2. When calculating hourly wages, if an employee works more than 40 hours in a week, the extra hours are often paid at an rate.
3. The money an employee takes home after all deductions is called .
1. Sarah works 35 hours a week at an hourly rate of $15. What is her gross weekly pay?
2. David's gross monthly salary is $3,000. His total deductions amount to $750. Calculate his net monthly pay.
1. All income earned is subject to the same tax rate.
True
False
2. Overtime pay is usually calculated at 1.5 times the regular hourly rate.
True
False
Emily works as a waitress and earns a base salary of $10 per hour. Last week, she worked 40 hours and also received $150 in tips. Calculate her total gross income for the week.
John works a salaried position with an annual income of $48,000. He gets paid bi-weekly. Each pay period, $450 is deducted for federal taxes, $150 for state taxes, and $75 for health insurance. What is his net pay per pay period?