income

income

10th - 12th Grade

11 Qs

quiz-placeholder

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income

income

Assessment

Quiz

10th - 12th Grade

Hard

CCSS
6.RP.A.3C, 6.NS.B.3

Standards-aligned

Created by

Carmen Lynch

Used 8+ times

FREE Resource

11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Earnings of a salesperson based on the percentage of goods or services sold.
Salary
Wages
Commission
Deductions

Tags

CCSS.6.RP.A.3C

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Earnings paid to an employee based on an hourly rate. 
Commission
Wages
Salary
Deductions

Tags

CCSS.6.NS.B.3

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An employee's fixed agreed yearly income. 
Salary
Deductions
Wages
Commission

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

MPC=

change in consumption/change in income

income/consumption

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Autonomous consumption is equal to

Saving

Dissaving

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The main purpose of an Income statement is to...

calculate profit or loss

provide information in an informative manner

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Profitability is....

Revenue less expenses

When a business makes a profit

a comparison of profit earned with an investment made

when revenue is higher than expenses

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