Capella University Math Algebra Calculus Worksheet

I attached the workbook, just have to answered the numbered problems in the note book. Please help me, I dont have time to solve the problems.

Name
17.3
?
Personal Financial
Literacy—5.10.B
Also 5.3.K
MATHEMATICAL PROCESSES
5.1.A, 5.1.D, 5.1.G
Income
Essential Question
What is the difference between gross income and
net income?
Income is money you earn, whether from a job, interest from a savings account, or profits
from selling items or services. Gross income is your total income before income or other
payroll taxes are taken out of it. Net income is the amount that is left after taxes.
Taxes based on your earnings, such as income and other payroll taxes, affect your net
income. Taxes based on use of items or services, such as sales and property taxes, do
not affect your net income.
Unlock
Unlock the
the Problem
Problem
Jay works at a bank. Use the information in the
pay stub to find his gross and net income for
the week. The salary from the bank is Jay’s only
source of income.
Since Jay has one source of income, his net
income is the same as the pay after taxes shown
on his pay stub. His gross income is the same as
his total earnings.
3201
Employee:
Jay Martin
Total earnings
Federal income tax
Pay period:
July 1 – July 8
$115.00
Other taxes
$93.50
Total taxes
Pay after taxes
$891.50
Detach and retain for your records.
His weekly net income is __.
To find his gross income, add the payroll
tax to his net income.
Payroll tax: $__ + $__ = $__.
Gross income: $__ + $__ = $__
net income
payroll tax
© Houghton Mifflin Harcourt Publishing Company
So, Jay’s gross income for the week is $__. Write the
gross income on his pay stub.
Math Talk
Mathematical Processes
Jay pays $3.65 in sales tax for a
meal. Does this change his net
income? Explain.
• If Jay earns $130.56 after taxes during the same week from
a part-time job, how does his net weekly income change? Explain.
Module 17
629
Share
Share and
and Show
Show
Use the information in the chart for 1–2.
1. What is Tina’s gross income?
Tina’s Finances
Yearly earnings from part-time
job at the bakery
Yearly earnings from part-time
job at the library
$18,000
$14,000
Profit from selling pottery
$6,000
Income and other payroll taxes
$5,750.50
Think: Gross income is Tina’s total earnings from all
her sources of income.
Gross income:
$__ + $__ + $__ = $__
2. What is Tina’s net income?.
Net income: $__ − $__ = $__
So, her net income is $__.
Problem
Problem Solving
Solving
3.
Write Math
Daniel works at a grocery store. He earns $8.00 per
hour at the deli counter. He works 18 hours each week. If this is Daniel’s
only source of income, can you find his net income with the information
given? Explain.
4. Use the information in the chart to find Latisha’s
gross and net income for the year.
Latisha’s Finances
Yearly earnings
$24,000
Profit from selling handmade
sweaters
$13,000
Interest from savings account
$214
Income and other payroll taxes
$5,550.16
5. Explain the relationship between gross income,
630
© Houghton Mifflin Harcourt Publishing Company
payroll tax, and net income.
Name
Problem
Problem Solving
Solving
6. Multi-Step Eduardo worked for 45 hours last week. His pay
is $12 per hour for 40 hours and $18 per hour for any time
over 40 hours. His payroll tax was $98.06. If this is Eduardo’s
only source of income, what was his net income for last week?
7.
Emily is a pharmacist. She earns $50 per hour.
If she works on a holiday, she gets paid double the hourly
rate. Last week she worked for 38 hours, including 8 hours
on a holiday. Emily’s salary is her only source of income.
If her net income last week was $1,947, how much was her
payroll tax? Explain.
8.
Multi-Step Charlie’s total earnings from his
job are $45,000. He also earned $2,000 in profit from selling
quilts. He pays $18 tax for every $100 in gross income. What
is Charlie’s net income?
Write Math
Show Your Work
9. Apply Geno works at a music store where he earns
© Houghton Mifflin Harcourt Publishing Company
$16.25 per hour. He works 40 hours per week. Should
he take a new job with a gross income of $36,000 per
year? Explain your reasoning.
Module 17 • Lesson 3
631
Mathematical Processes
M
Model ¥ Reason ¥ Communicate
M
Daily
Daily Assessment
Assessment Task
Task
Fill in the bubble completely to show your answer.
10. The table shows the gross income and payroll tax for the Barker family
members for one week. What is their net income for the week?
The Barker Family Income
Gross Income
Payroll Tax
Bea Barker
$730
$68.24
Buzz Barker
$654
$50.75
A
$1,285.01
C
$1,264.95
B
$1,315.76
D
$1,265.01
11. Lana works at the local ice cream store. In the last four weeks, her gross
income was $120.75, $118.50, $99.75, and $115.75. Her total payroll tax
was $59.70. How can you find her net income for the four weeks?
A
Find the sum of the gross income. Then add the payroll tax.
B
Add $59.70 to each of the gross incomes. Then add the sums.
C
Find the sum of the gross incomes.
D
Find the sum of the gross incomes. Then subtract the payroll tax.
12. Multi-Step Abe earned money mowing lawns. He earned $25 Saturday
morning and $75 Saturday afternoon. He earned $100 on Sunday. A
payroll tax of $26.25 was withheld each day. If this is Abe’s only source
of income, what was his net income for the two days?
A
$73.75
C
$122.25
B
$147.50
D
$173.75
TEXAS Test Prep
hour. The wages from this job are Sari’s only source of income. What is
her net weekly income if her payroll tax is $73 for the week?
632
A
$317
C
$424
B
$351
D
$278
© Houghton Mifflin Harcourt Publishing Company
13. Sari works in a flower shop for 36 hours each week. She earns $9.75 per
H o mewo rk
and Practice
17.3
Personal Financial Literacy—5.10.B
Also 5.3.K
MATHEMATICAL PROCESSES 5.1.A, 5.1.D, 5.1.G
Name
Income
Nan Barker lives in a state with no state income tax. Her only source of
income is from her job at a technology company. Use Nan’s pay stub for 1–4.
1. What is Nan’s gross income for
the pay period? __
7300
Employee:
Nan Barker
$1,575.00
Federal income tax $236.25
2. What is Nan’s net income for the pay
period? __
Total earnings
Pay period:
May 15
3. Nan is paid twice a month. What is Nan’s net
Other taxes $135.40
Total taxes
Pay after taxes $1,203.35
income each month?
Detach and retain for your records.
4. Describe two ways to find the difference between Nan’s gross income
and her net income for the pay period.
Problem
Problem Solving
Solving
Use Dante’s weekly pay stub for 5–6.
5. If the earnings from this job are Dante’s only source
of income, what is his net income for the week?
6. What is Dante’s annual gross income? Explain
© Houghton Mifflin Harcourt Publishing Company
how you found your answer.
904
Employee:
Dante Romano
Pay period:
November 1–7
Total earnings
$650.00
Federal income tax
$78.42
State income tax
$35.08
Other taxes
$12.50
Total taxes
Pay after taxes
Detach and retain for your records.
Module 17 • Lesson 3
633
TEXAS Test Prep
Lesson
Lesson Check
Check
Fill in the bubble completely to show your answer.
$20 per hour for 35 hours and $30 per hour for
any time over 35 hours. If the earnings from
the job are his only source of income, what
was Keenan’s gross income for last week?
A
$1,000
B
$900
C
$1,350
D
$700
9. Chip works at the amusement park. In the
last four weeks, his gross income was $112.25,
$98.75, $125.50, and $109.25. His total payroll
tax was $62.30. If the earnings from this job are
Chip’s only source of income, what was his net
income for the four weeks?
A
$445.75
B
$196.55
C
$383.45
D
$508.05
11. Multi-Step Mr. Jackson’s gross monthly
634
8. Rita’s gross income last month was $2,948.45.
She paid $442.45 in payroll tax for the month.
How can you find Rita’s net income for one
week if there were four weeks in the month?
A
Add the payroll tax to the gross income
and multiply by 4.
B
Subtract the payroll tax from the gross
income and multiply by 4.
C
Add the payroll tax to the gross income
and divide by 4.
D
Subtract the payroll tax from the gross
income and divide by 4.
10. Jenna’s only source of income is from her job
at a car wash, where she works 25 hours each
week. She is paid $9.90 per hour. What is her
net weekly income if she pays $30.70 in payroll
tax each week?
A
$247.50
B
$216.80
C
$278.20
D
$217.20
12. Multi-Step Ari worked for a moving company
income is $4,090 and his payroll tax is
$654.40. Mrs. Jackson’s gross monthly income
is $4,250 and her payroll tax is $680. What
is the Jacksons’ combined net income for
the month?
last weekend. On Saturday, his gross income
was $350 and his net income was $307.05. On
Sunday, his gross income was $280 and his net
income was $246.35. How much did Ari pay in
payroll tax last weekend?
A
$8,340.00
A
$76.60
B
$7,005.60
B
$103.00
C
$9,674.40
C
$137.30
D
$6,905.60
D
$70.00
© Houghton Mifflin Harcourt Publishing Company
7. Keenan worked 45 hours last week. His pay is