Understanding Sources of Income

Understanding Sources of Income

9th Grade

15 Qs

quiz-placeholder

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Understanding Sources of Income

Understanding Sources of Income

Assessment

Quiz

Financial Education

9th Grade

Practice Problem

Medium

Created by

Ufuk Ugur

Used 14+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is an example of earned income?

Interest from a savings account

Salary from a part-time job

Dividends from stocks

Rent received from tenants

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What type of income is generated from investing in stocks and receiving dividends?

Earned income

Investment income

Passive income

Allowance

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

If you receive money from renting out a property, what type of income is this considered?

Earned income

Investment income

Passive income

Allowance

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is NOT a source of earned income?

Wages from a job

Tips from customers

Interest from a bank account

Bonuses from work

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

How would you categorize the money received from a regular allowance given by parents?

Earned income

Investment income

Passive income

Allowance

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following best describes investment income?

Money earned from a job

Money earned from selling goods

Money earned from dividends and interest

Money earned from a regular allowance

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

If you buy a product hoping its value will increase and sell it later for a profit, what type of income is this?

Earned income

Investment income

Passive income

Allowance

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