Understanding Sources of Income

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

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

• Earned income

• Investment income

• Passive income

• Allowance

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

• Earned income

• Investment income

• Passive income

• Allowance

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

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

• Earned income

• Investment income

• Passive income

• Allowance

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

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

Which of the following is an example of passive income?

• Salary from a full-time job

• Dividends from stock investments

• Rent received from a property

• Tips from customers

What type of income is typically received in the form of a paycheck?

• Earned income

• Investment income

• Passive income

• Allowance

Which of the following is a characteristic of earned income?

• It is received without any effort

• It is generated from investments

• It is a result of personal labor or services

• It is a gift from family