Types of Income and Checking Accounts

Draw an emoji that describes how you are doing today. :D

When you think of graduation coming up next month, what is one word that describes how you feel?

Which of the types of income is the most common?

• Earned income

• Passive income

• Capital gains income

A disadvantage of this type of income is that you have to exchange your time for paycheck.

• Earned income

• Passive income

• Capital gains income

An advantage of this type of income is that the tax rate is lower than the rate for income taxes, so you get to keep more of the money you earn.

• Earned income

• Passive income

• Capital gains income

An advantage of this type of income is that you no longer have to exchange your free time to be able to earn your paycheck.

• Earned income

• Passive income

• Capital gains income

Which type of income?
Money you receive for selling something at a higher price than you bought it.

• Earned income

• Passive income

• Capital gains income

True or False: When you use your debit card, you have to pay a bill at the end of each month.

• True

• False

Which type of income?
Rafael receives $1750/month for renting his home in Chamblee to a local family.

• Earned income

• Passive income

• Capital gains income

Which type of income?
Rafael receives $1750/month for renting his home in Chamblee to a local family.

• Earned income

• Passive income

• Capital gains income