Learning to manage your money is a skill that you will use throughout life. As you get older, you will start earning money and paying taxes.
Among the three major taxes that many people pay are income taxes,
sales taxes, and property taxes.
1. The following table shows the median weekly earnings for people with
different levels of schooling. Complete the table by calculating the
increase in weekly income with each additional level of education.
Education Level
Median Weekly Increase
Income (2011) (in dollars)
$451
--
$638
$719
Less than high school diploma
High school graduate
Some college, no diploma
Associate degree
Bachelor's degree
Master's degree
Doctoral or professional degree
$768
$1053
$1263
$1551-1665