
Income.
Authored by Cedric Petty
History
8th Grade
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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