IXL | Calculate gross and net income

Carson worked as a law assistant for 20 weeks while he was in law school. His weekly gross income was $928.13. The law firm withheld $167.04 each week for taxes.

What was Carson's net income for the 20 weeks?

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Learn with an example

question

Kayla worked for Sparkles Window Washing for a month. Her gross income was $966.50. Sparkles Window Washing withheld $125.65 in federal income tax and $29.90 in other taxes.

What was Kayla's net income for the month?

key idea

Gross income is your total income before payroll taxes are taken out.

Payroll taxes are money that is withheld, or held back, from your paycheck. Payroll taxes can include income tax withholdings and other taxes.

Net income is the income that is left after payroll taxes are taken out.

So, when payroll taxes are taken from gross income, what's left is net income.

solution

Step 1: Find Kayla's total payroll taxes.

Add the federal income tax and the other taxes.

125.65

29.90

155.55

So, Kayla's total payroll taxes were $155.55.

Step 2: Find Kayla's net income.

Kayla's gross income for the month was $966.50. Her total payroll taxes were $155.55.

Subtract to find Kayla's net income.

966.50

–

155.55

810.95

Kayla's net income for the month was

$810.95.

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Teacher tools

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Not feeling ready yet? These can help:

VV.5Understand gross and net income

VV.2Income and payroll taxes: word problems

AA.2Add decimal numbers

AA.5Subtract decimal numbers

CC.7Multiply a decimal by a multi-digit whole number

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