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 $560 this week. $110 is taken out for taxes. What is Jamal's net income?
Answer: ______________ dollars
2Kai's gross income (before taxes) is $510 this week. $100 is taken out for taxes. What is Kai's net income?
Answer: ______________ dollars
3Lily's gross income (before taxes) is $580 this week. $110 is taken out for taxes. What is Lily's net income?
Answer: ______________ dollars
4Omar's gross income (before taxes) is $720 this week. $80 is taken out for taxes. What is Omar's net income?
Answer: ______________ dollars
5Mei's gross income (before taxes) is $680 this week. $40 is taken out for taxes. What is Mei's net income?
Answer: ______________ dollars
6Theo's gross income (before taxes) is $410 this week. $120 is taken out for taxes. What is Theo's net income?
Answer: ______________ dollars
7Aiden's gross income (before taxes) is $610 this week. $100 is taken out for taxes. What is Aiden's net income?
Answer: ______________ dollars
8Jamal's gross income (before taxes) is $560 this week. $100 is taken out for taxes. What is Jamal's net income?
Answer: ______________ dollars
9Omar's gross income (before taxes) is $720 this week. $90 is taken out for taxes. What is Omar's net income?
Answer: ______________ dollars
10Omar's gross income (before taxes) is $510 this week. $60 is taken out for taxes. What is Omar's net income?
Answer: ______________ dollars
11Aiden's gross income (before taxes) is $580 this week. $100 is taken out for taxes. What is Aiden's net income?
Answer: ______________ dollars
12Mei's gross income (before taxes) is $600 this week. $100 is taken out for taxes. What is Mei's net income?
Answer: ______________ dollars
Answer key: Profit and budgets
- 1. 450 dollars
- 2. 410 dollars
- 3. 470 dollars
- 4. 640 dollars
- 5. 640 dollars
- 6. 290 dollars
- 7. 510 dollars
- 8. 460 dollars
- 9. 630 dollars
- 10. 450 dollars
- 11. 480 dollars
- 12. 500 dollars
Practice this lesson online with games that adjust to your child: agarwalmath.com/math/5th-grade/money-budgets