Let's solve each question step by step. We'll calculate:
-
a) Income tax paid = Pay cheque × Tax rate (as a decimal)
-
b) Net pay received = Pay cheque − Income tax
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1. Samia
- Pay cheque: $23,875.34
- Tax rate: 14% = 0.14
a) Income tax:
$ 23,875.34 \times 0.14 = 3,342.5476 $ → Rounded to nearest cent:
$3,342.55
b) Net pay:
$ 23,875.34 - 3,342.55 = 20,532.79 $
✔ Answer:
a) $3,342.55
b) $20,532.79
---
2. Mason
- Pay cheque: $1,203.00
- Tax rate: 10% = 0.10
a) Income tax:
$ 1,203.00 \times 0.10 = 120.30 $
b) Net pay:
$ 1,203.00 - 120.30 = 1,082.70 $
✔ Answer:
a) $120.30
b) $1,082.70
---
3. Maurice
- Pay cheque: $10,239.84
- Tax rate: 13% = 0.13
a) Income tax:
$ 10,239.84 \times 0.13 = 1,331.1792 $ → Rounded:
$1,331.18
b) Net pay:
$ 10,239.84 - 1,331.18 = 8,908.66 $
✔ Answer:
a) $1,331.18
b) $8,908.66
---
4. Rachel
- Pay cheque: $34,323.10
- Tax rate: 15% = 0.15
a) Income tax:
$ 34,323.10 \times 0.15 = 5,148.465 $ → Rounded:
$5,148.47
b) Net pay:
$ 34,323.10 - 5,148.47 = 29,174.63 $
✔ Answer:
a) $5,148.47
b) $29,174.63
---
5. Yuri
- Pay cheque: $9,396.58
- Tax rate: 12% = 0.12
a) Income tax:
$ 9,396.58 \times 0.12 = 1,127.5896 $ → Rounded:
$1,127.59
b) Net pay:
$ 9,396.58 - 1,127.59 = 8,268.99 $
✔ Answer:
a) $1,127.59
b) $8,268.99
---
✔ Final Answers Summary:
1.
Samia
a) $3,342.55
b) $20,532.79
2.
Mason
a) $120.30
b) $1,082.70
3.
Maurice
a) $1,331.18
b) $8,908.66
4.
Rachel
a) $5,148.47
b) $29,174.63
5.
Yuri
a) $1,127.59
b) $8,268.99
Let me know if you'd like this in a printable format!
Parent Tip: Review the logic above to help your child master the concept of taxes worksheet.
