Income Quiz

Devonte works at a car dealership. He earns a percentage of every sale he makes. This describes what type of salary?

• Full time

• Hourly wage

• Commission

• Salaried

Most full time employees is work how long?

• 40 hours

• 20 hours

• 30 hours

• 60 hours

Part- time employees make more money than full time employees.

• True

• False

Sometimes an employees may get paid more if they work on weekends, holidays or during the night.

• True

• False

What is true about a person's salary?

• People that work a low-skill job get more pay then someone who works a high skill job.

• A person that works a low skill job will be paid the same as someone who works a high-skill jobs.

• A person that works a high skill jobs gets paid less than someone who works a low skill job.

• A person that works a high-skill job will probably make more money than someone who works a low-skill job.

Which of the following would be an example of a low skill job?

• Surgeon

• Engineer

• Computer technician

• Retail Sales Clerk

Which of the follow are examples of income NOT earned through work? Choose all the apply.

• Salary/wage

• Government Assistance

• Retirement

• Spousal support following a divorce

• Earnings from investments such as stock dividends

Which of the following is true of all income?

• Only your work wages are included in your income.

• All income is limited.

• You can only have one source of income.

• All jobs are paid equally.

What is the term that describes the lowest wage allowed by law?

• income

• commission

• salary

• minimum wage

How does education impact income?

• Education does not impact income.

• Education allows people to gain high-skill jobs that tend to have lower pay.

• Education allows people to gain low skill jobs that allow people to have higher pay.

• Education allows people to gain high skill jobs that allow people to have higher pay.