4-1 Sources of Income

What is a lump sum payment to an employee based on achieving certain performance-oriented goals called?

• Commission

• Bonus

• Salary

• Dividend

What is the profit earned from the sale of an asset known as?

• Capital Gain

• Interest

• Rent

• Dividend

What is the term for money paid to an employee as a percentage of revenue they helped generate?

• Salary

• Bonus

• Commission

• Tips

What is a payment made by an entity to its shareholders, distributing a portion of its profits or reserves?

• Dividend

• Rent

• Interest

• Salary

What is money earned from direct participation in productive activities or labor called?

• Unearned Income

• Transfer Payments

• Earned Income

• Social Security

What is the cost (or income) of borrowing (or loaning) money referred to as?

• Rent

• Interest

• Dividend

• Tips

What is the lowest legally allowed hourly wage an employee can be paid?

• Salary

• Commission

• Minimum Wage

• Bonus

What is the payment made by a tenant to an asset owner for the use of property called?

• Dividend

• Rent

• Interest

• Salary

What is a fixed annual amount of money paid to an employee, normally in equal regularly scheduled increments?

• Commission

• Salary

• Bonus

• Tips

What is it called when individuals make money from their skills and passions without being tied to a traditional employer?

• Self-employment

• Earned Income

• Transfer Payments

• Social Security