Capella University Math Algebra Calculus Worksheet

Name17.1
?
Personal Financial
Literacy—5.10.A
Also 5.3.K
MATHEMATICAL PROCESSES
5.1.A, 5.1.B
Income and Payroll Taxes
Essential Question
What are income tax and payroll tax?
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the Problem
Problem
A tax is money paid to the government in exchange for services, such as
road maintenance and police protection.
Income tax is based on the amount of money you earn, or your income.
Federal income tax is paid to the United States government. Some states and
cities also have an income tax. Workers throughout the United States pay
federal income tax, but state or city income taxes vary across the country.
Workers also pay other taxes for government support programs, such as
medical care.
Sometimes, these taxes are paid directly to the government. Other times, an
employer will withhold these taxes from an employee’s earnings and pay the
government. The total tax an employer withholds is called payroll tax. The
amount in an employee’s paycheck shows the pay after taxes.
1001
Calculate pay after taxes.
Mia earns $600 per week. When she gets
her paycheck, it includes a pay stub that
shows total earnings and payroll tax. Find
Mia’s pay after taxes.
Circle the taxes taken out of Mia’s paycheck.
Add the taxes to calculate the payroll tax.
Employee:
Mia Goodwin
Total earnings
$600.00
Federal income tax
$75.45
State income tax
$15.17
Other taxes
$37.20
Pay period:
July 1–July 7
Total taxes
Pay after taxes
Detach and retain for your records.
$__ + $__ + $__ = $__
Subtract the payroll tax from her total earnings.
Math Talk
Mathematical Processes
© Houghton Mifflin Harcourt Publishing Company
$600 − $__ = $__
So, Mia’s pay after taxes is $__.
Evaluate Reasonableness How
can you check that the amount
you found for Mia’s pay after
taxes is correct?
Module 17
617
Example
Rob earns $500 per week. He has payroll tax taken
out of his earnings. Unfortunately, Rob spilled
kale juice on his pay stub, covering up some of
the values. He knows the Other taxes are $10. How
much state income tax was withheld from Rob’s
earnings?
1011
Employee:
Rob Alexander
Pay period:
d::
May 1-7
Total earnings
$500.00
Federal income tax
7.6
$77.66
State income tax
$00 00
$00.00
Other taxes
$
$00.00
0
ta taxes
Total
Pay after taxes $390.33
Detach and retain for your records.
Find the payroll tax withheld from Rob’s
total earnings.
$__ − $__ = $__.
Add the federal income tax and other taxes.
$__ + $__ = $__.
Subtract the total of federal income tax and other taxes
from the payroll tax to find the state income tax.
$ __ − $__ or $__.
So, Rob’s state income tax is $ __
Share
Share and
and Show
Show
Rita works in a state with no state income tax.
Use Rita’s pay stub for 1–2.
2001
Employee:
Rita Logan
1. Calculate Rita’s payroll tax.
Total earnings
Federal income tax $120.66
Other taxes
$__ + $__
Pay period:
September
= $__
2. Calculate Rita’s pay after taxes.
$700.00
$15.55
Total taxes
Pay after taxes
Detach and retain for your records.
$__ − $__ = $__
3.
618
Write Math
Explain how you can calculate payroll tax if you
know total earnings and pay after taxes.
© Houghton Mifflin Harcourt Publishing Company
Problem
Problem Solving
Solving
Name
Problem
Problem Solving
Solving
4. Leticia pays federal income tax of $18 for every $100 she earns. How
much will she pay as federal income tax if she earns $500? Explain.
5. Michelle works for 33 hours this week. She earns $10 per hour. Her pay
after taxes is $277.11. How much does she pay in payroll tax?
6.
Multi-Step Oliver lives in a state with no state
income tax. He pays $150 in payroll tax each week. If the federal
income tax is 0.75 of the payroll tax, how much are the other taxes?
7.
Multi-Step The pay stub
shows the payroll tax withheld from Maeve’s
paycheck. If Maeve gets paid twice a month,
how much does she pay in payroll tax in one
month? Explain.
1351
Employee:
Maeve Kelley
Pay period:
January 1–15
Total earnings
$570.00
Federal income tax $112.66
State income tax
$18.50
Other taxes
$17.35
Total taxes
Pay after taxes
© Houghton Mifflin Harcourt Publishing Company
Detach and retain for your records.
Module 17 • Lesson 1
619
Mathematical Processes
M
Model ¥ Reason ¥ Communicate
M
Daily
Daily Assessment
Assessment Task
Task
Fill in the bubble completely to show your answer.
8. Arman works in a state with no state income tax. He earns $625 each week.
He pays $38.45 in other taxes. His pay after taxes is $499.61. How much
federal income tax does he pay?
A
$38.45
B
$76.90
C
$86.94
D
$88.72
9. Communicate Miranda earns $450.75 at her part-time job. She pays $98.12
in federal income tax and $12.00 in other taxes. How can you determine
Miranda’s pay after taxes?
A
Subtract the sum of the taxes from the total earnings.
B
Subtract the amount earned from the sum of the taxes.
C
Add all the taxes.
D
Subtract only the federal income tax from the total earnings.
10. Multi-Step Joe has two part-time jobs. At his first job, he earned $200 and
paid $42 in payroll tax. At his second job he earned $175 and paid $24 in
payroll tax. What is his pay after taxes?
A
$158
C
$351
B
$309
D
$303
TEXAS Test Prep
11. Mark’s pay after taxes is $855.08. If his total earnings are $1,100, how
620
A
$1,100
B
$144.02
C
$244.92
D
$855.08
© Houghton Mifflin Harcourt Publishing Company
much does Mark pay in payroll tax?
H o mewo rk
and Practice
17.1
Personal Financial Literacy—5.10.A
Also 5.3.K
MATHEMATICAL PROCESSES 5.1.A, 5.1.B
Name
Income and Payroll Taxes
1. Write an equation to show how to calculate the
total amount Sam pays in payroll tax.
6405
Employee:
Sam Brown
2. Use your solution in Exercise 1 to write an
equation to calculate Sam’s pay after taxes if
his total earnings are $800.
Total earnings
$800.00
Federal income tax $112.50
State income tax
$24.25
Other taxes
$12.90
Pay period:
January
Total taxes
Pay after taxes
Detach and retain for your records.
3. Explain how you can calculate total earnings if you know the
payroll tax and the pay after taxes.
Problem
Problem Solving
Solving
4. The pay stub at right shows Darla’s earnings and
taxes this week. Darla says her pay after taxes will
be an amount greater than $600. Explain how you
can use estimation to decide if Darla is correct.
4675
Employee:
Darla Moore
Total earnings
$750.00
Federal income tax $119.45
State income tax
$30.15
Other taxes
$11.21
Pay period:
March 14–21
Total taxes
Pay after taxes
© Houghton Mifflin Harcourt Publishing Company
Detach and retain for your records.
5. Adolfo earned $650 last week. He paid $97.50 in federal income tax.
He paid one third that amount for state income tax and other taxes combined.
What was Adolfo’s pay after taxes? Explain how you found your answer.
Module 17 • Lesson 1
621
TEXAS Test Prep
Lesson
Lesson Check
Check
Fill in the bubble completely to show your answer.
in federal income tax. The other taxes are
$17.00. Her pay after taxes is $547.40. How
much does Lacey pay in state income tax?
A
$3,160
A
$74.80
B
$3,081
B
$38.60
C
$3,761
C
$115.60
D
$2,981
D
$23.80
8. Which statement about total earnings and
pay after taxes is correct, if the payroll tax is
withheld?
A
Pay after taxes is greater than total
earnings.
9. Each week, Kelly pays $68.45 in federal income
tax, $22.81 in state income tax, and $18.75 in
other taxes. Which is the best estimate for the
payroll tax Kelly pays each month?
A
$440
B
Pay after taxes is less than total earnings.
B
$110
C
Total earnings and pay after taxes are
the same.
C
$280
D
$360
D
Total earnings are less than the pay after
taxes.
10. Multi-Step Each week, Desiree earns $925
and pays $148 in payroll tax. How long does it
take Desiree to earn at least $3,000 after taxes?
622
7. Lacey earns $680 each week. She pays $91.80
she pays $680 in federal income tax, $160 in
state income tax, and $79 in other taxes. What
is Martina’s pay after taxes each month?
A
4 weeks
B
3 weeks
C
5 weeks
D
7 weeks
11. Multi-Step Brian works 24 hours this week.
His earns $9.25 per hour. He pays $37.30 in
payroll tax. He deposits half of his pay after
taxes in his savings account. He deposits the
other half of his pay after taxes in his checking
account. How much money is deposited into
each account?
A
$184.70
B
$129.65
C
$92.35
D
$46.55
© Houghton Mifflin Harcourt Publishing Company
6. Martina earns $4,000 per month. Each month,