The Hourly Wage a Budget Needs
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The Hourly Wage a Budget Needs
Hourly wage worksheet: eight yearly and monthly budgets. Find the hourly wage one or two full-time workers need, at 2,080 hours a year. Grade 7, with an answer key.
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Teach it first
The Hourly Wage a Budget NeedsA teaching handout to hand out before this sheet: the rule, worked examples and common mistakes.- Pages
- 1
- Last updated
- Time
- About 15 minutes
- Answer key
- Included
- Printing
- Black and white
- Related curriculum
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Balance a check register, find sales tax and income tax, build and balance a budget with the percent of income for each category, list assets and liabilities for a net worth statement, and find the hourly wage a yearly budget needs.
Reviewed by Mr. Daniel Carter, Teacher. How we check worksheets
How to use this sheet
- Use real numbers where you can, such as a grocery receipt or a family bill, after the sheet.
- Have the child write each step with its label: income, expenses, what is left.
- Estimate first: is the total more or less than the money there is?
Common mistakes
- Mixing up gross and net income. Net is what is left after taxes and deductions.
- Mixing up fixed and variable expenses. A fixed expense stays the same each month.
- Forgetting to add sales tax to a total, or adding it to the change.
