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Types of income

Types of income

Assessment

Flashcard

Social Studies

12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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30 questions

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1.

FLASHCARD QUESTION

Front

Earnings paid to an employee based on an hourly rate.

Back

Wages

2.

FLASHCARD QUESTION

Front

An employee's fixed yearly income.

Back

Salary

3.

FLASHCARD QUESTION

Front

Amounts of money taken from income before you are paid.

Back

Deductions

4.

FLASHCARD QUESTION

Front

Total pay for earnings made over a one-year period before any deductions have been taken?

Back

Gross Annual Income

5.

FLASHCARD QUESTION

Front

Total amount of earnings made over a month before any deductions

Back

Gross Monthly Income

6.

FLASHCARD QUESTION

Front

A social insurance program that extends health coverage to almost all Americans age 65 and over

Back

Medicare

7.

FLASHCARD QUESTION

Front

Income amount remaining after a year's worth of deductions have been taken.

Back

Net Annual Income (NAI)

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