Types Of Incom

Types Of Incom

6th - 8th Grade

15 Qs

quiz-placeholder

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Types Of Incom

Types Of Incom

Assessment

Quiz

Business

6th - 8th Grade

Practice Problem

Easy

Created by

Reginald Isom

Used 2+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Salary

Assets

Commission

Wages

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Portfolio Income

Passive Income

Commission

Human Capital

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Portfolio Income

Passive Income

Commission

Wages

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

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