Earned Income quiz

The income you receive from employement is called....

• net worth

• net pay

• earned income

What would be an example of a wage paying job?

• CEO whose salary is $200,000 a year

• A salesperson who makes commission

• A restaurant employee who makes $9 per hour

______ is pay received for hours worked in addition to regular hours.

• Commission

• Overtime pay

• Minimum wage

• Benefits

The salary that depends on how many hours you work.

• Set salary

• Fixed salary

• Hourly salary

What is gross earnings?

• The total amount of wages on your paycheck

• Three taxes that everyone must pay

• How much a person is worth in total

• The amount of your paycheck after taxes are taken out

Income amount remaining after a year's worth of deductions have been taken.

• Net Monthly Income (NMI)

• Gross Annual Income (GAI)

• Gross Monthly Income (GMI)

• Net Annual Income (NAI)

A deduction is

• gross income

• money added to your income

• net income

• money taken out of your income

Dayanara's gross income was $550. What was her net income if her deductions were $110 for payroll taxes and $22.50 for health insurance?

• $132.50

• $417.50

• $440.00

• $638.50

What employees commonly receive tips? (Check all the apply)

• Food Servers

• Taxi drivers

• Teacher

Tips

• Earned Income

• Unearned Income