πagarwalmath · 5th grade · Texas TEKS 5.10
💼 Profit and budgets
Money sense: profit, expenses, budgets, income, and taxes
Name: ______________________Date: ____________
1Jamal's gross income (before taxes) is $310 this week. $50 is taken out for taxes. What is Jamal's net income?
Answer: ______________ dollars
2Mei's gross income (before taxes) is $610 this week. $80 is taken out for taxes. What is Mei's net income?
Answer: ______________ dollars
3Leo's gross income (before taxes) is $690 this week. $70 is taken out for taxes. What is Leo's net income?
Answer: ______________ dollars
4Zoe's gross income (before taxes) is $470 this week. $50 is taken out for taxes. What is Zoe's net income?
Answer: ______________ dollars
5Leo's gross income (before taxes) is $550 this week. $50 is taken out for taxes. What is Leo's net income?
Answer: ______________ dollars
6Priya's gross income (before taxes) is $710 this week. $50 is taken out for taxes. What is Priya's net income?
Answer: ______________ dollars
7Aiden's gross income (before taxes) is $380 this week. $120 is taken out for taxes. What is Aiden's net income?
Answer: ______________ dollars
8Omar's gross income (before taxes) is $320 this week. $60 is taken out for taxes. What is Omar's net income?
Answer: ______________ dollars
9Lily's gross income (before taxes) is $300 this week. $40 is taken out for taxes. What is Lily's net income?
Answer: ______________ dollars
10Theo's gross income (before taxes) is $730 this week. $70 is taken out for taxes. What is Theo's net income?
Answer: ______________ dollars
11Ana's gross income (before taxes) is $570 this week. $70 is taken out for taxes. What is Ana's net income?
Answer: ______________ dollars
12Lily's gross income (before taxes) is $630 this week. $50 is taken out for taxes. What is Lily's net income?
Answer: ______________ dollars
Answer key: Profit and budgets
- 1. 260 dollars
- 2. 530 dollars
- 3. 620 dollars
- 4. 420 dollars
- 5. 500 dollars
- 6. 660 dollars
- 7. 260 dollars
- 8. 260 dollars
- 9. 260 dollars
- 10. 660 dollars
- 11. 500 dollars
- 12. 580 dollars
Practice this lesson online with games that adjust to your child: agarwalmath.com/math/5th-grade/money-budgets