Intro Topic 2 Quiz Review

Comes from working a job

• unearned income
• income
• earned income
• wealth

It is getting money without having to work for it directly.

• earned income
• income
• wealth
• unearned income

Money that a person or a business receives in return for working, providing a product or service, or investing capital

• Wealth
• Earned Income
• Income
• Unearned Income

Implies money or valuable possessions accumulated by a person during his life.

• Earnings
• Wealth
• Income
• Earned Income

The money you have made

• earnings
• wealth
• income
• unearned income

The total amount you earn before deductions are subtracted

• Net Pay
• Deductions
• Gross Pay
• Earnings

The amount subtracted from your gross pay

• Allowances
• Net Pay
• Deductions
• Employee Benefits

The amount taken out of your paycheck for taxes.

• Net Pay
• Employee Benefits
• Allowances
• Income

When all deductions are taken out of gross pay.

• Net Pay
• Employee Benefits
• Tax
• IRS

Offered to employees over and above what they receive as a salary.

• Employee Benefits
• Tax
• IRS
• Tax Bracket