Types of Income
Authored by John Robinson
Social Studies
12th Grade
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25 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Total amount of earnings made over a month before any deductions
Net Monthly Income
Gross Monthly Income
Income Tax
Social Security
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
William works part-time at a local cafe and earns a weekly wage. He also receives tips from customers and a monthly salary from his other job. What type of income does this represent?
unearned income
earned income
disposable income
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Daniel received some money from his bank account as interest, Ava got some dividends from her investments, and Arjun won a lottery. What type of income is this?
disposable income
unearned income
earned income
workers compensation
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Emma, Evelyn, and Aria are discussing their income sources. Emma mentions an income type she earns regularly with little to no effort. Which income is she referring to?
Earned Income
Capital Gains Income
Passive Income
Portfolio Income
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Sophia, Mia, and Priya were discussing their incomes. Sophia mentioned she made some money by putting her money in a savings account. What type of income is Sophia referring to?
Earned Income
Portfolio Income
Passive Income
Irregular Income
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Sophia sold an antique vase for more than its worth. What type of income did she earn?
Earned Income
Portfolio Income
Passive Income
Irregular Income
7.
MULTIPLE SELECT QUESTION
1 min • 1 pt
Benjamin, Grace, and Nora have different types of income. Benjamin has earned income from his job, Grace has passive income from her rental properties, and Nora has portfolio income from her investments. Who has to pay taxes?
Benjamin
Grace
Nora and Benjamin
Benjamin, Grace and Nora
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