πagarwalmath · 5th grade · Texas TEKS 5.10
💼 Profit and budgets
Money sense: profit, expenses, budgets, income, and taxes
Name: ______________________Date: ____________
1Lily's gross income (before taxes) is $500 this week. $110 is taken out for taxes. What is Lily's net income?
Answer: ______________ dollars
2Lily's gross income (before taxes) is $390 this week. $80 is taken out for taxes. What is Lily's net income?
Answer: ______________ dollars
3Sam's gross income (before taxes) is $300 this week. $80 is taken out for taxes. What is Sam's net income?
Answer: ______________ dollars
4Theo's gross income (before taxes) is $550 this week. $80 is taken out for taxes. What is Theo's net income?
Answer: ______________ dollars
5Ben's gross income (before taxes) is $470 this week. $80 is taken out for taxes. What is Ben's net income?
Answer: ______________ dollars
6Aiden's gross income (before taxes) is $710 this week. $70 is taken out for taxes. What is Aiden's net income?
Answer: ______________ dollars
7Ana's gross income (before taxes) is $450 this week. $100 is taken out for taxes. What is Ana's net income?
Answer: ______________ dollars
8Nora's gross income (before taxes) is $550 this week. $70 is taken out for taxes. What is Nora's net income?
Answer: ______________ dollars
9Ana's gross income (before taxes) is $670 this week. $120 is taken out for taxes. What is Ana's net income?
Answer: ______________ dollars
10Leo's gross income (before taxes) is $470 this week. $120 is taken out for taxes. What is Leo's net income?
Answer: ______________ dollars
11Omar's gross income (before taxes) is $740 this week. $110 is taken out for taxes. What is Omar's net income?
Answer: ______________ dollars
12Sam's gross income (before taxes) is $400 this week. $120 is taken out for taxes. What is Sam's net income?
Answer: ______________ dollars
Answer key: Profit and budgets
- 1. 390 dollars
- 2. 310 dollars
- 3. 220 dollars
- 4. 470 dollars
- 5. 390 dollars
- 6. 640 dollars
- 7. 350 dollars
- 8. 480 dollars
- 9. 550 dollars
- 10. 350 dollars
- 11. 630 dollars
- 12. 280 dollars
Practice this lesson online with games that adjust to your child: agarwalmath.com/math/5th-grade/money-budgets