Wages, Discounts & Simple Interest

If you earn $18.50 per hour and work 32 hours in a week, what is your gross pay?

$592.00

What do we call the total amount of money earned before taxes and deductions are taken out?

Gross pay

What do we call the amount of money you actually take home after taxes and deductions?

Net pay

If an item costs $80 and is on sale for 25% off, what is the sale price?

$60.00

What is the formula for calculating simple interest?

Interest = Principal × Rate × Time (I = PRT)