STUDENT HANDOUT LAUNCH GRADE 10: SPEAK UP! how far will my money get me? PART I: THE BASICS DIRECTIONS: With your group, choose a career from the Health Science career cluster below, and use the annual salary given to answer the questions below. KEY TERMS * Gross Income - how much you make before taxes are subtracted * Net Income - how much you make after taxes are subtracted Doctor's Offi ce Receptionist Required: High school Degree Annual Gross Income: $27,450 X-Ray Technician Required: 2-year Associate degree Annual Gross Income: $48,170 Nurse Required: 4-year Bachelor's degree Annual Gross Income: $57,280 Pediatrician Required: Advanced Degree (Medical) Annual Gross Income: $161,331 What is your net income, after taxes? (Hint: Subtract 30% from your annual income to estimate how much you will need to pay in taxes�) _________________________________________________________________________________________ What is your monthly income? (Hint: Divide your net income by 12 to get the amount you will take home each month�) ____________________________________________________________________________________________________ How much will you have left over each month if you pay the typical/average amount for each of the above expenses? (Hint: Subtract the " total expenses " above from your net monthly income�) This is your disposable income. ____________________________________________________________________________________________________ 310 LeSSon 32: PoStSeConDArY LiFeStYLeS AnD buDgetS LESSON 32: POSTSECONDARY LIFESTYLES AND BUDGETS Property of PeerForward/© 2022 PeerForward; All Rights Reserved.