Chapter 2 Income, Benefits and Taxess

Chapter 2 Income, Benefits and Taxess

8th Grade

23 Qs

quiz-placeholder

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Chapter 2 Income, Benefits and Taxess

Chapter 2 Income, Benefits and Taxess

Assessment

Quiz

Financial Education

8th Grade

Medium

Created by

Cassandra Acosta

Used 7+ times

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23 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Self-employment income is a form of unearned income.

T

F

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All states have the same minimum wage rate.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

By law, overtime is generally 1½ times the regular rate of pay.

T

F

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Tips are not subject to federal or state income taxes.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Commission income is earned only when a sale is made.

T

F

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Employers with more than 25 employees are required by law to offer health insurance.

T

F

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Group insurance rates are usually more expensive than individual policy premiums.

True

False

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