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Understanding Income Quiz

Authored by Lamont Tindley

Social Studies

7th Grade

Used 1+ times

Understanding Income Quiz
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6 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of income?

Doing homework

Getting an allowance

Watching TV

Reading a book

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

$5

$10

$50

$1

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

4.

OPEN ENDED QUESTION

3 mins • 1 pt

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

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

Name two ways someone your age might earn income.

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

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

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OFF

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