Income.

Income.

8th Grade

10 Qs

quiz-placeholder

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Income.

Income.

Assessment

Quiz

History

8th Grade

Practice Problem

Easy

Created by

Cedric Petty

Used 7+ times

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10 questions

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1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

What is one of the seven different ways to earn income?

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an entrepreneur?

a very rich man

a person that puts money into financial plans, property, etc. with the expectation of receiving a profit

a person who creates and runs their own business

money taken by the government for public programs / projects

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which word fits the meaning "the total amount a worker earns before any deductions have been calculated" ?

gross pay

net pay

entrepreneur

tax

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Tax?

a measure of how much people can buy with their income

money taken by the government for public programs / projects

the money remaining from a paycheck after deductions

the money that remains after one's expenses have all been paid

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the FICA tax rate?

6.2%

5.8%

4.5%

1.45%

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the Medicare tax rate?

4.2%

1.45%

4.5%

6.2%

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Inflation?

the lowering of prices overtime

the rise of prices overtime

money taken by the government for public programs / probjects

how much people can buy with their income

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