Earned income & Unearned Income

Earned income
Unearned Income

Multiple Choice

Which of the following is considered earned income?

• A) Interest from a savings account

• B) Salary from a job

• C) Dividends from stocks

• Rental income

Multiple Choice

Which type of income is typically subject to social security and Medicare taxes?

• A) Unearned income

• B) Earned income

• C) Both A and B

• D) Neither A nor B

Multiple Choice

Which of the following is a characteristic of unearned income?

• A) Requires active work

• B) Comes from investments

• C) Always tax-free

• D) Earned through sales

Drag and Drop

The money you receive from a paycheck is considered ___​

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_.

Interest earned from a savings account is an example of __​

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__.

Commissions from sales are classified as __​

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__.

Dividends received from stocks are part of __​

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__.

Income from rental properties is an example of __​

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__.

Drag these tiles and drop them in the correct blank above

earned income

unearned income

Open Ended

Explain the difference between earned income and unearned income.

Categorize

Options (17)

Wages from your part-time job at the ice cream shop

Money from selling your stocks for a profit (capital gains)

Money from cat-sitting for your neighbor

Birthday gift check from your great aunt Ethel

Salary from your full-time job

Commission from sales at your retail job

Tips received while working as a waiter

Freelance income from graphic design projects

Payment for tutoring students

Income from a part-time gig as a dog walker

Interest earned from a savings account

Dividends received from stock investments

Rental income from a property you own

Money received from a trust fund

Government benefits or subsidies

Inheritance money from a family member

Choose whether each statement applies to earned income (E) or unearned income (U)

The interest on

Choose whether each statement applies to earned income or unearned income

Earned Income

Unearned Income