πagarwalmath · 5th grade · Texas TEKS 5.10
💼 Profit and budgets
Money sense: profit, expenses, budgets, income, and taxes
Name: ______________________Date: ____________
1Kai's gross income (before taxes) is $700 this week. $70 is taken out for taxes. What is Kai's net income?
Answer: ______________ dollars
2Mei's gross income (before taxes) is $800 this week. $100 is taken out for taxes. What is Mei's net income?
Answer: ______________ dollars
3Omar's gross income (before taxes) is $340 this week. $50 is taken out for taxes. What is Omar's net income?
Answer: ______________ dollars
4Lily's gross income (before taxes) is $500 this week. $50 is taken out for taxes. What is Lily's net income?
Answer: ______________ dollars
5Kai's gross income (before taxes) is $450 this week. $90 is taken out for taxes. What is Kai's net income?
Answer: ______________ dollars
6Mei's gross income (before taxes) is $640 this week. $100 is taken out for taxes. What is Mei's net income?
Answer: ______________ dollars
7Omar's gross income (before taxes) is $630 this week. $70 is taken out for taxes. What is Omar's net income?
Answer: ______________ dollars
8Rosa's gross income (before taxes) is $340 this week. $50 is taken out for taxes. What is Rosa's net income?
Answer: ______________ dollars
9Nora's gross income (before taxes) is $310 this week. $120 is taken out for taxes. What is Nora's net income?
Answer: ______________ dollars
10Sam's gross income (before taxes) is $590 this week. $50 is taken out for taxes. What is Sam's net income?
Answer: ______________ dollars
11Leo's gross income (before taxes) is $680 this week. $100 is taken out for taxes. What is Leo's net income?
Answer: ______________ dollars
12Leo's gross income (before taxes) is $500 this week. $40 is taken out for taxes. What is Leo's net income?
Answer: ______________ dollars
Answer key: Profit and budgets
- 1. 630 dollars
- 2. 700 dollars
- 3. 290 dollars
- 4. 450 dollars
- 5. 360 dollars
- 6. 540 dollars
- 7. 560 dollars
- 8. 290 dollars
- 9. 190 dollars
- 10. 540 dollars
- 11. 580 dollars
- 12. 460 dollars
Practice this lesson online with games that adjust to your child: agarwalmath.com/math/5th-grade/money-budgets