Steve earns $6.50 per hour and works 25 hours per week. To calculate his weekly earnings, multiply his hourly wage by the number of hours worked, which is $6.50 x 25 = $162.50. His employer withholds 10% of his paycheck for taxes. To calculate the amount withheld, multiply his weekly earnings by 10% which is $162.50 x 0.1 = $16.25. Therefore, the amount Steve will take home is his weekly earnings minus the amount withheld, which is $162.50 - $16.25 = $146.25.

1. Ca Impa on Income
reer ct

2. Quest t A er
ions o nsw
 Howdoes the caeeryou choose a your
r ffect
income?
 Howdo educaion a tra a yoursaay?
t nd ining ffect lr
 W tis a entrepreneur?
ha n

3. Occupaiona Necessit
t l ies
 Cla A ivity
ss ct
 L ’s ima foraw e t tt w l ha t st r alov .
et gine hil ha he ord d o at l er
Not exist butw t , l nd, tees, a l a 50peopl w
hing s aer a r nimas nd e hose
a r nge fr 10t 50 Tying t r att w l yourgr
ges a om o . r o est r he ord, oup
of50peopl ha putyou in chage ofsel ing t sev most
e s r ect he en
necessayoccupaions t gett w l going a in. No t a for
r t o he ord ga r ining
a oft occupaions is necessay. L t sev occupaions
ny hese t r ist he en t
a t r sons w you w d sel ea one.
nd he ea hy oul ect ch

4. E r Pow
aning er
 Eaningpoweris the a ityto ean moneyin excha for
r bil r nge
w k. Howmuch you ean depends on t v l ofyourskils
or r he aue l
in t maket a
he r pl ce.
 A individua’s vaue a aworker– the wa orsaay
n l l s ge l r
r ed foraspecific j – is r aed t t skil l ela
eceiv ob el t o he l ev nd
educaion oft w ker t dema fort tw k in societ
t he or , he nd ha or y,
a t a a a it ofquaified w ker
nd he v il bil y l or s.

5. E r Pow
aning er
 G aly, in oursociety, people with higher
ener l
educaion a mor skils ean mor moneyon t j
t nd e l r e he ob
t n t w h l educaion a few skils.
ha hose it ess t nd er l

6. T YIT
R !
F t a er t t folow Ear
ind he nsw s o he l ing ning Power
pr em.
obl
 Stev r
HINTS:e eans $6.50a hour
n . He w ked 25 hour in t
or s he
Calculate how much Steveper earnIfSt e’s empl
pr ious one w pa williod. each week byoyer
ev eek y ev
multiplying his hourly wage ($6.50) by the number of hours
w hhol 10 ofea ofSt e’s pa
it ds % ch ev ychecks t pa o y
he works in one week (25).
St e’s income t x. Howmuch w lSt e t ke home in
ev a il ev a
Now that you know how much Steve earns in 1 week, one
t w pa
his eek’s ycheck?
way to calculate how much is withheld from his paycheck
each week is to multiply his weekly wage by 10%.
Now calculate how much Steve will take home by subtracting
the amount withheld from his weekly wage.

7. E r Pow
aning er
 J lha anewj a aca wa ma $7.20a
il s ob t r sh king n
hour She w ked 4 hour t w a ma t
. or 2 s his eek nd kes ime
a ahafforhour ov 4 . Herw hhol ae
nd l s er 0 it dings r
10%.
 Howmuch did J lma
il ke?

8. KeyE oyee Skils
mpl l

9. E r eneur
nt epr ship
 E repreneur
nt
 W l t t ke r
iling o a isks
 Aper w cr t abusiness fr
son ho eaes om
scr t
ach.
 Sel empl
f oyed
 Stongsense ofdiscipl
r ine
 Be yourow boss
n
 Bea t compet ion
t he it

10. E r eneur
nt epr ship
 RISKS  RE A DS
WR
 No guaa ees
r nt  Be yourow boss
n
 No r a pa
egul r ycheck  Keep pr s
ofit
 No boss  Contol
r
 L hour
ong s  Saisfa ion
t ct
 Assume debtofbusiness  Pur t l a
sue aent nd
cr t it
eaiv y