Income tax is a share of pay that comes off first. What is left is take-home.
Income tax is a share of pay that comes off first. What is left is take-home pay.
In the made-up town of Brookfield, 2 coins out of every 10 go to the town pot.
The baker sends the tax to the pot before the envelope is filled, so the tax never reaches the worker.
The pot pays for things everyone uses, like the bridge, the school and the lamps on Main Street.
These are some of the questions on the sets. The printable sheets have more and an answer key.
8. 40 is 4 groups of ten, and 4 × 2 = 8.
40 coins. 50 − 10 = 40.
Her take-home pay. Take-home pay is the coins that really arrive.
Ask a grown-up what the words gross pay and take-home pay mean on a pay slip. You do not need to see any numbers.
This is a made-up town with a made-up rule. If your child is curious, look together at the words gross and take-home on a real pay slip, with no need to read out any private numbers. Real tax rules differ by place.
