Review Unit 6

Front

Opportunity occupations offer economic opportunity for those who have completed college.

Back

False

Front

Generational wealth can include anything from artwork to family farms.

Back

True

Front

What type of pay do people add to their bill for Martha, who works as a server in a restaurant? Options: Tips, Hourly Wages, Salary, Independent Contractor, Dividends

Back

Tips

Front

What type of pay does Sonia receive if she is paid the same amount every week no matter how many hours she works? Options: Salary, Hourly Wages, Tips, Independent Contractor, Dividends

Back

Salary

Front

What type of pay do pet owners give Sabrina when they think she did a really good job? Options: Tips, Hourly Wages, Salary, Independent Contractor, Dividends

Back

Tips

Front

What type of pay does Mary receive every three months from a company in which she owns 200 shares? Options: Dividends, Hourly Wages, Tips, Salary, Independent Contractor

Back

Dividends

Front

What type of pay does Peyton, a lawyer who earns the same amount no matter how many cases he works on, receive? Options: Salary, Hourly Wages, Tips, Independent Contractor, Dividends

Back

Salary

Front

What type of pay is received when an older, retired couple sells their home for $125,000, which they bought for $60,000 in 1980?

Back

Capital Gains

Front

The APR of some credit cards can often be avoided if purchases are paid for in full within a certain period of time.

Back

True

Front

In the context of savings accounts, _________ means that the bank is paying interest only on the money the customer has actually put in the bank.

Back

simple interest