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Cogito

Consumer Math · Chapter 1 · Lesson 2

Practice Worksheet

Deductions and Net Pay

Why the cheque is smaller than the offer.

12 problems · about 21 minutes · TEKS M.M.1.B

NameDate

Figure — use these to answer the problems

Raise the deductions and watch how little the take-home bar has to grow before the gap is obvious.
Gross3000
Deductions750
Take-home2250
Gross pay3000
Total deductions750
Net pay2250
Figure 1

Warm Up

Straightforward practice. Get the method working first.

5 problems

  1. Gross $2400, deductions $600. Net pay in dollars?

    Answer

  2. Why must a budget use net pay?

    • Net pay is the only money that actually arrives.
    • Because net pay is a rounder number.

  3. Gross $1800, deductions $400. Net pay in dollars?

    Answer

  4. Deductions of $200, $150 and $90. Total in dollars?

    Answer

  5. Gross $3000, total deductions $756. Net in dollars?

    Answer

Build It Up

The same ideas with more to keep track of.

3 problems

  1. Gross $4000 with 30% deducted. Net in dollars?

    Answer

  2. Gross $2500, net $2000. Percentage deducted?

    Answer

  3. Should a budget be built on gross or net pay? 1 gross, 2 net.

    Answer

Stretch Yourself

Mixed problems. Work out what kind of question it is before you start.

4 problems

  1. Sort each deduction by whether it is required.

    Write each item under the heading it belongs to: Income tax · Payroll tax for social programmes · Retirement contribution · Union dues

    Required

    Voluntary

  2. Gross $5000 with 25% deducted. Net in dollars?

    Answer

  3. The Stub

    Gross $2000, deductions $500. What is net pay, in dollars?

    Answerdollars

  4. The Share

    Gross $2000 and net $1500. What percentage was deducted?

    Answer%