Foundations for College Math (MBF3C) · Personal Finance

Income, Taxes, and Net Pay

30 tutor-authored questions for this Ontario curriculum expectation, ordered easiest to hardest, every one with a full worked solution. Work through all 30 with your weekly-lesson access code.

Start the 30 questions Curriculum: MBF3C-PF.5

Sample: the first question, solved

A person earns $50000/year gross, with 20% deducted for taxes. Find the net income.

📘 Worked solution
$40000.

And one from the hard end

A person earns a $65000 annual salary, paid biweekly (26 periods). Each paycheque has deductions of $420 (tax), $145 (CPP), and $55 (EI). Find the net pay per paycheque.

Solution shown after you try it in practice mode.

Work through all 30, easiest to hardest

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