Differences Between Gross & Net Incomes
T.I.P.S.
Students must be able to explain the difference between gross income and net income.
Example
Tim and Sarah are having a conversation about income. They have different understandings of the terms gross income and net income. Explain the difference between gross income and net income.
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TEKS
Supporting Standard 5.10 Personal financial literacy. The student applies mathematical process standards to manage one's financial resources effectively for lifetime financial security. The student is expected to: (B) explain the difference between gross income and net incomeFeedback
