Types Of Incom

Julia earns $40,000 per year. This is an example of

• Salary

• Assets

• Commission

• Wages

The money or other benefits lost when pursuing a particular course of action instead of a mutually-exclusive alternative.

• Career

• Opportunity Costs

• Productivity

• Human Capital

Karl purchased a second, larger home in which to live. He has decided to rent his first home out for $1,500 a month. His mortgage on the first home is $1,250. What Type of Income is this?

• Portfolio Income

• Passive Income

• Commission

• Human Capital

Trading stock or selling stock, selling real estate for profit, and selling other assets that gain value over time.

• Portfolio Income

• Passive Income

• Commission

• Human Capital

Money you earn from assets you have purchased or created. Generally recurring income

• Portfolio Income

• Passive Income

• Commission

• Human Capital

Randy earns $22 per hour. This is an example of:

• Portfolio Income

• Passive Income

• Commission

• Wages

Leonard is a Real Estate Agent. He earns 4% on every home that he sells. What type of Earned Income is this?

• Salary

• Wages

• Commission

• Passive Income

Earned income is any income earned by:

• Experience

• Investing Money

• Getting an Education

• Working

An occupation or profession, especially one requiring special training, followed as one's life work.

• Career

• Investing Money

• Human Capital

• Opportunity Cost

Gina gets paid dividends for her Tesla Stocks every quarter. What type of income is this?

• Portfolio Income

• Earned Income

• Passive Income

• Wages