Worksheet

Gross vs Net Income

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About:

This printable financial literacy worksheet helps Grades 6–8 understand how paychecks work by defining gross income, net income, and common deductions like federal tax, Social Security, and health insurance. Students practice adding deductions and calculating net income with three worked examples, then reflect on how understanding paycheck deductions helps with money management. Useful for personal-finance units, financial-independence lessons, or career-readiness curriculum.

Subject:: Life Skills
Topic:: Financial
Grade Level:: 6th – 8th Grades
Updated November 2025

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