Unit 4, part 2
Authored by Sylvia Lynn
Financial Education
12th Grade
Used 5+ times
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13 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is earned income?
any money earned from working, includes wages and salaries
income that is earned with very little effort on your part, such as having a rental property
income earned from investment profits, such as selling stocks
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is passive income?
any money earned from working, includes wages and salaries
income that is earned with very little effort on your part, such as having a rental property
income earned from investment profits, such as selling stocks
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is portfolio income?
any money earned from working, includes wages and salaries
income that is earned with very little effort on your part, such as having a rental property
income earned from investment profits, such as selling stocks
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What form tells your employer how much money to take out of your paycheck to go towards paying your income taxes?
W-2
W-4
W-6
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is GROSS INCOME
money earned BEFORE payroll taxes and other deductions are taken out
money earned AFTER payroll taxes and other deductions are taken out
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is NET INCOME
money earned BEFORE payroll taxes and other deductions are taken out
money earned AFTER payroll taxes and other deductions are taken out
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
How many pay periods per year are there for someone with a weekly pay period?
52
26
24
12
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