Definition: The amount of money earned after taxes is taken away.
Example: It's the money you have left after paying Medicare, Insurance, and Taxes.
Essential Question: What happens if your net pay is the same as your gross pay?
How far are you in your understanding? I can:
1.0: Write a factual statement (not definition) concerning net pay
2.0: In your own word (not the teacher's), define net pay
3.0: Mathematically represent, using words, how to determine net pay.
4.0: Research 4 things that affect net pay. Summarize each.