What this lesson shows
A $500 paycheck before taxes is gross income. After $60 of payroll tax, $440 is net income. Then sales tax on a purchase, and property tax on a home.
The worked example
The lesson works this one step by step: $500 less $60 tax; $24 plus $2 tax. Then your kid tries one like it on paper.
The steps
- Gross: pay before taxes
- Net: pay after taxes
- Sales tax is added when you buy
Helping at home
Read each problem aloud. Gross income is pay before taxes; your kid subtracts the payroll tax to find net income. Sales tax is added to a price.
If your kid gets stuck
Gross − tax = net. Price + sales tax = what you pay.
Watch it with Lux
With Lux, this lesson is a narrated video and a printed page your kid works on. Then Lux helps with the same math on their own worksheet, one question at a time.