Income and Earning Quiz

What is income?

• money that people earn from working

• goods people receive in return for working

• services that people provide for food

• money that comes from your family

What is spending?

• Saving money for future use.

• Earning money through a job.

• Investing money in stocks or real estate.

• Using money to purchase goods or services.

What is sales tax?

• A tax imposed on the purchase of goods and services.

• A tax imposed on the import of goods and services.

• A tax imposed on the sale of goods and services.

• A tax imposed on the income of individuals.

How can you earn money?

• By working a job

• By starting a business

• By investing in stocks

• Multiple ways

What are jobs children can work to earn income?

• working at a fast food restaurant

• Racking the leaves

• driving for doordash

• taking out the trash

What are service jobs?

• Jobs that involve manufacturing products.

• Jobs that involve working in the agricultural sector.

• Jobs that involve providing a service to others.

• Jobs that involve trading goods.

Which type of income is earned from working for someone else?

• at home income

• earned income

• investment income

• passive income

What is the purpose of sales tax?

• To discourage people from making purchases

• To fund public services and infrastructure

• To reduce income inequality

• To generate revenue for the government and help fund local projects

What are some examples of service jobs?

• delivering mail, being a nurse, reading the news paper

• minding your own business, riding your bike, sharing your soda

• a doctor, a teacher, a crossing guard

• a skateboader, a barber, dentist

What are some examples of service jobs?

• janitors

• waiters/waitresses, hairdressers, nurses, teachers, customer service representatives

• plumbers

• cashiers