
Review Gross Income
Presentation
•
Mathematics
•
5th Grade
•
Hard
Joseph Anderson
FREE Resource
4 Slides • 24 Questions
1
Math STAAR Review 10
2
Income Tax - money deducted and withheld from your paycheck by the governemnt
Payroll Tax - money deducted and withheld by the employer from your paycheck
Sales Tax - money added to purchases for items or services
Property Tax - tax based on the value of the property
3
Gross income - amount of money earned before deductions - Giant amount
Net income - amount of money earned after all deductions are taken out of your gross income - Not a giant amount
4
Match
Income Tax
Sales Tax
Property Tax
tax on money earned from a job
Tax paid on items you buy
Tax paid on property you own
tax on money earned from a job
Tax paid on items you buy
Tax paid on property you own
5
Multiple Choice
What is an example of property tax?
Candy
Cars
Paycheck
6
Multiple Choice
A tax on money earned from working a job
Sales Tax
Property Tax
Income Tax
7
Multiple Choice
Gross income is:
the total amount of money you earn
the amount of money you receive after decuctions are subtracted
the total amount of money you spend
sales taxes on items you buy
8
Multiple Choice
Alexis worked 24 hours last week. At a rate of $12 per hour, what was Alexis' gross pay?
$36
$144
$288
$312
9
Multiple Choice
Net income is:
the total amount of money you earn
the amount of money you receive after deductions are subtracted from your gross income
the amount of money that is taken away in the form of taxes
the hourly rate of pay
10
Multiple Choice
Yvonne's gross income: ?
Yvonne's deductions: $251.18
Yvonne's net income:$451.82
$703
$200.64
$954.18
$25,812.00
11
Multiple Choice
-$350
$350
$500
$1350
12
Multiple Choice
Gross income minus deductions equals your net income.
If Amorelle made $384 in gross income and her deductions are $122, what is her net income?
$506
$406
$262
$266
13
Multiple Choice
Fatima has a net salary of $235 per week. If she pays $30 in income tax and $15 in payroll tax, how could Fatima determine her gross salary? Why?
235 - 30 - 15 = $190.
Net salary minus all deductions equals gross salary
235 + 15 + $250.
Net salary plus payroll tax deductions equals gross salary.
235 + 30 = $265
Net salary plus income tax deductions equals gross salary.
235 + 30 + 15
Net salary plus deductions equals gross salary.
14
Multiple Choice
The paystub above shows Elliot's weekly net income and payroll taxes. What is Elliot's weekly gross income?
$529.95
$487.74
$317.55
$465.95
15
Multiple Choice
Arianna earns money babysitting on the weekends. She earns $25 Saturday morning and $75 Saturday afternoon. She earned $100 on Sunday. A payroll tax of $26.25 was withheld each day If this is Arianna's only source of income, what was her income for the two days?
$73.75
$122.25
$147.50
$173.75
16
Multiple Choice
Allen's gross yearly income is $55,000. He pays $15,000 in taxes each year. Only taxes are taken out of Allen's check. What is his net yearly income?
$70,000
$40,000
$50,000
$14,000
17
Multiple Choice
Kian's gross monthly income is $1,500. He pays $200 in taxes each month. Only taxes are taken out of his check. What is Kian's net monthly income?
$1,700
$200
$3,000
$1,300
18
A budget is balanced when income equals expenses. To balance a budget, reduce your spending on wants or increase your income.
19
Multiple Choice
Which of the following changes can be made to balance Dean’s budget?
Decrease the book purchases to $15.
Decrease the paper route income to $15.
Increase the movie rentals to $15.
Increase the paper route income to $22.
20
Multiple Choice
Spencer needs to balance his April budget.
What can he do so that his budget is balanced?
Increase his savings this month by $10
Increase his allowance by $5
Decrease his piano lessons by $5
Decrease his entertainment costs by $10
21
Multiple Choice
Amelia made this list of her monthly expenses.
Amelia’s net income for the month is $2,135.
How much money does she have for other expenses?
$3,535
$1,400
$885
$735
22
Multiple Choice
This month Mando’s expenses are greater than his income. What are two actions Mando can take in order to balance his budget?
Increase expenses and decrease income
Decrease expenses and decrease income
Decrease expenses and increase income
Increase expenses and increase income
23
Multiple Choice
Ms. Vonn’s monthly budget is shown in the chart. She receives two paychecks per month. Ms. Vonn’s budget is balanced every month. How much is Ms. Vonn’s monthly car payment?
$2,400
$300
$500
$2,100
24
Multiple Choice
Martina’s checks for last month are shown in this table. At the end of the month, Martina was $15 overdrawn at the bank. Which action would BEST help Martina avoid being overdrawn again next month?
Do not use any electricity for one month.
Do not wash clothes in order to save water.
Do not pay for home insurance until next month.
Switch to a less expensive phone plan.
25
Multiple Choice
Morgan used the ledger below to track her income and expenses for September.
Which is a true statement about Morgan’s income and expenses for September?
Morgan spent $10 more than she earned.
Morgan’s income and expenses were equal.
Morgan earned $10 more than she spent.
Morgan’s total income was $10.
26
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Math STAAR Review 10
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