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 $740 this week. $110 is taken out for taxes. What is Jamal's net income?
Answer: ______________ dollars
2Leo's gross income (before taxes) is $580 this week. $80 is taken out for taxes. What is Leo's net income?
Answer: ______________ dollars
3Nora's gross income (before taxes) is $390 this week. $100 is taken out for taxes. What is Nora's net income?
Answer: ______________ dollars
4Lily's gross income (before taxes) is $360 this week. $90 is taken out for taxes. What is Lily's net income?
Answer: ______________ dollars
5Theo's gross income (before taxes) is $610 this week. $120 is taken out for taxes. What is Theo's net income?
Answer: ______________ dollars
6Jamal's gross income (before taxes) is $440 this week. $80 is taken out for taxes. What is Jamal's net income?
Answer: ______________ dollars
7Leo's gross income (before taxes) is $540 this week. $60 is taken out for taxes. What is Leo's net income?
Answer: ______________ dollars
8Nora's gross income (before taxes) is $700 this week. $60 is taken out for taxes. What is Nora's net income?
Answer: ______________ dollars
9Ben's gross income (before taxes) is $450 this week. $120 is taken out for taxes. What is Ben's net income?
Answer: ______________ dollars
10Omar's gross income (before taxes) is $330 this week. $50 is taken out for taxes. What is Omar's net income?
Answer: ______________ dollars
11Leo's gross income (before taxes) is $610 this week. $70 is taken out for taxes. What is Leo's net income?
Answer: ______________ dollars
12Omar's gross income (before taxes) is $580 this week. $90 is taken out for taxes. What is Omar's net income?
Answer: ______________ dollars
Answer key: Profit and budgets
- 1. 630 dollars
- 2. 500 dollars
- 3. 290 dollars
- 4. 270 dollars
- 5. 490 dollars
- 6. 360 dollars
- 7. 480 dollars
- 8. 640 dollars
- 9. 330 dollars
- 10. 280 dollars
- 11. 540 dollars
- 12. 490 dollars
Practice this lesson online with games that adjust to your child: agarwalmath.com/math/5th-grade/money-budgets