Understanding Income Quiz

Which of the following is an example of income?

• Doing homework

• Getting an allowance

• Watching TV

• Reading a book

If someone earns $10 per hour and works 5 hours, what is their total income?

• $5

• $10

• $50

• $1

A salary is usually:

• Paid once a year

• The same amount each pay period

• Based on the number of hours worked

• Only given to business owners

Why is it important to understand where your income comes from?

Name two ways someone your age might earn income.

How can understanding income help you make good decisions about spending and saving?