πagarwalmath · 5th grade · Texas TEKS 5.10
💼 Profit and budgets
Money sense: profit, expenses, budgets, income, and taxes
Name: ______________________Date: ____________
1Ben's gross income (before taxes) is $560 this week. $110 is taken out for taxes. What is Ben's net income?
Answer: ______________ dollars
2Rosa's gross income (before taxes) is $480 this week. $50 is taken out for taxes. What is Rosa's net income?
Answer: ______________ dollars
3Theo's gross income (before taxes) is $590 this week. $90 is taken out for taxes. What is Theo's net income?
Answer: ______________ dollars
4Jamal's gross income (before taxes) is $420 this week. $70 is taken out for taxes. What is Jamal's net income?
Answer: ______________ dollars
5Maya's gross income (before taxes) is $540 this week. $60 is taken out for taxes. What is Maya's net income?
Answer: ______________ dollars
6Zoe's gross income (before taxes) is $770 this week. $50 is taken out for taxes. What is Zoe's net income?
Answer: ______________ dollars
7Theo's gross income (before taxes) is $740 this week. $100 is taken out for taxes. What is Theo's net income?
Answer: ______________ dollars
8Ben's gross income (before taxes) is $480 this week. $60 is taken out for taxes. What is Ben's net income?
Answer: ______________ dollars
9Zoe's gross income (before taxes) is $400 this week. $90 is taken out for taxes. What is Zoe's net income?
Answer: ______________ dollars
10Jamal's gross income (before taxes) is $760 this week. $100 is taken out for taxes. What is Jamal's net income?
Answer: ______________ dollars
11Lily's gross income (before taxes) is $600 this week. $70 is taken out for taxes. What is Lily's net income?
Answer: ______________ dollars
12Maya's gross income (before taxes) is $470 this week. $120 is taken out for taxes. What is Maya's net income?
Answer: ______________ dollars
Answer key: Profit and budgets
- 1. 450 dollars
- 2. 430 dollars
- 3. 500 dollars
- 4. 350 dollars
- 5. 480 dollars
- 6. 720 dollars
- 7. 640 dollars
- 8. 420 dollars
- 9. 310 dollars
- 10. 660 dollars
- 11. 530 dollars
- 12. 350 dollars
Practice this lesson online with games that adjust to your child: agarwalmath.com/math/5th-grade/money-budgets