Earning Income Quiz

1. Trading stock or selling stock, selling real estate for profit, and selling other assets that gain value over time.

• Wages

• Passive

• Earned

• Portfolio

2. Which of the following helps to increase earning potential?

• Education

• Training

• Job Specific Certifications

• All of the above

3. The top salary you can make.

• Career

• Productivity

• Earning Potential

• Human Capital

4. The quality, state, or fact of being able to generate, create, enhance, or bring forth goods and services.

• Productivity

• Human Capital

• Opportunity Cost

• Earning Potential

5. High productivity will typically get you positive attention and feedback when you are on a job.

• TRUE

• FALSE

6. Randy earns $22 per hour. This is an example of:

• Wages

• Commission

• Labor

• Salary

Tags

CCSS.7.EE.B.3

7. Money you earn from assets you have purchased or created. Generally recurring income

• Passive

• Earned

• Wages

• Portfolio

8. Earned income is any income earned by:

• Experience

• Getting an eucation

• Working

• Investing Money

9. The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community.

• Productivity

• Earning potential

• Career

• Human capital

10. Karl purchased a second, larger home in which to live. He has decided to rent his first home out for $1,500 a month. His mortgage on the first home is $1,250. Is this an example of passive income?

• YES

• NO