How much are the reductions taken from Elliot's earnings?
How much are the reductions taken from Elliot's earnings?
Drag the different scenarios to the correct term.
Credit Card Debt
Savings Account
Home Loan
Cash
Fancy Artwork
Car Loan
Car Value
Assets
Liabilities
Match the vocabulary words with the correct definition.
Net Income
Gross Income
Deductions
Salary
Income Tax
Amount of money earned BEFORE taxes or deductions are taken out.
Amount of money withheld from your income and used by the government
Amount of money earned AFTER taxes and deductions have been made.
Amount of money earned anually.
Amount of money taken out of an income either for taxes or other scenarios
Define gross income and net income.
the amount of money earned before taxes.
the amount of money you get to keep after taxes
Gross Income
Net Income
When you pay income taxes you deduct it from your gross pay.
A doctor has an annual income of $152,125. The income tax the doctor has to pay is 6%. What is the amount of income tax in dollars and cents that the doctor has to pay?
Type in your answer from question 3 in dollars and cents. Do not use the $ symbol.
When you find sales tax, you add it to the price of the item or items purchased.
When you shopping sales, you subtract the discount from the price of the item.
A backpack costs $75 and is on sale for 25% off. How much is the discount? (Round to nearest cent)
Type in your answer in dollars and cents. Do not use the $ symbol.
How much are the reductions taken from Elliot's earnings?
How much is Elliot's gross income?
How much is Elliot's net income?
What is the regular price of the record?
What is the sales tax amount in dollars and cents?
What is the total cost Sebastian will pay for the record player?
Find Mrs. Carrier's Net Income. Show your work.
Select your answer for Number 16, the previous question.
Decide whether the following items are Fixed or Variable Expenses.
Gas for your car
groceries
Health Insurance
Monthly Car payment
Cousin's birthday present
Utilities Bill (electricity, water, natural gas, etc.)
Mortgage Payment
Fixed
Variable
What is the sum of the Assets?
What is the sum of the Liabilities?
What is the Net worth?
David has a loan of $25,680. This loan has a simple interest rate of 5% per year. What is the amount of interest that David will be charged on his loan at the end of one year?
Type in your answer to the previous question here.
Using the answer from the previous question, which store has the "better buy"?
Type your answer to the previous question here.