How much money the business has made.
This activity will have students working together to determine the Net Income after Deductions have been taken out of Gross Pay. Students can work in pairs, alone, in small group or tutoring! Activity comes with-Blank Pay Checks, Gross Income Cards, Deduction Cards, Teacher and Students Instructions. Activity also comes with an EXIT TICKET!!!! Exit ticket features an open ended question and multiple choice questions as well as a STAAR PREP question!
Quickly, how would you would answer this question: "What's your income?" Did you think about the amount of your payday deposit? Did you think about the amount on your income tax return for the year? One is your net income and the other is your gross income. Everyone should understand the difference between gross and net income and why both numbers are important in your financial life. #financialplanning #income #grossincome #netincome #personalfinance
This page was created in 2018. Its source is a host site for credit consultants. The reliability of the site is mixed, as it is not a 100% trusted source, but it is a source that can be researched and appears to have a good track record. The infographic appears to be accurate as it gives correct information regarding definitions and facts.