Income: Evaluating your income, skill & Diversification income

Which of these are benefits offered in a compensation package? More than one answer may be correct. a) Salary b) Vacation time c) Life Insurance d) Bonuses

• Salary

• Vacation Time

• Life insurance

• Bonues

Maternity leave is leave granted to a father to care for a newborn child. a) True b) False

• True

• False

Dave is a high school principal. He would like to know how much other high school principals are being paid. Which of the following are ways for him to find this information?

• Job Boards

• Online job posting sites

• Job placement specialists

• All of the above

It is important to be familiar with the various types of benefits a company may offer. Match the type of benefit given below to its meaning. Opportunity for employees to purchase shares (stocks) in the company.

• a) Subsidized Commuting

• b) Employee Stock Options

• c) Leave

• Annual bonus

It is important to be familiar with the various types of benefits a company may offer. Match the type of benefit given below to its meaning. Paid time off

• a) Subsidized Commuting

• Leave

• Annual Bonus

• Employee stock option

It is important to be familiar with the various types of benefits a company may offer. Match each type of benefit given below to its meaning.

Partial reimbursement for fuel or mileage required for commute.

• a) Subsidized Commuting

• Employee stock option

• Leave

• Annual Bonus

It is important to be familiar with the various types of benefits a company may offer. Match each type of benefit given below to its meaning.

A percentage of salary or extra compensation determined by performance, paid to an employee at the end of the year.

• a) Subsidized Commuting

• Leave

• Annual Bonus

• Employee stock option

What are the three types of income?

• 
  Aggressive income, Passive Income, Active income

• Passive income, active income, investment income

  
  

• Foundation income, investment income, passive income

  
  

• Money market income, active income, investment income

  
  

Which of these statements describes a business plan?

• a) A letter detailing why and how an individual thought of a business idea, and why they hope to make it a reality.

  
  

• b) A formal document that describes the different aspects of a new business such as its target market, start-up costs, expenses, and revenue.

  
  

• c) A summary of a business detailing how it performed over the course of the past 7 years.

  
  

• d) A book that lists all the people responsible for the inception and growth of a business, given to employees as a company souvenir

  
  

Match the example below with the income type.

Dale works at a bank and earns $3,000 a month, plus benefits.

• a) Investment Income

  
  

• b) Active Income

  
  

• c) Passive Income