NEW
Font size
S
M
L
XL
WorksheetsSources of income
Total questions: 20
Worksheet time: 10mins
Name
Class
Date
1.
An example of a self-employed person would be:
a)
delivery driver for Tesco
b)
a school teacher
c)
a trades person, builder, plumber, mobile hairdresser
d)
a BBC TV presenter
2.
A zero hours contract means
a)
the employee always has the same hours
b)
the employee is not guaranteed any hours of work
c)
the employee works from 9 to 5 every week day
d)
the employee is part-time for 16 hours a week
3.
A shift worker
a)
can choose their hours
b)
never works nights
c)
has the same 9 to 5 job, Monday to Friday
d)
works a 8 hours within a 24 hour period
4.
A salaried employee
a)
Gets paid by the month with an twelfth of their annual salary
b)
Gets paid weekly
c)
Gets paid on claim
d)
Gets a cheque by hand
5.
The Education Maintenance Allowance
a)
Is given to students
b)
Can only be claimed by students in Northern Island and Scotland
c)
is given to apprentices
d)
is given to people who read books
6.
Job Seeker's Allowance
a)
is given to members of the armed forces
b)
is given to people on income support
c)
Is given to eligible people who are actively looking for work
d)
is given to part time workers
7.
The most needy people qualify for Income Support
a)
true
b)
false
8.
Universal credit will replace all other benefits.
a)
true
b)
false
9.
Child benefit is paid to parents who earn a combined income of under £50,000 if their children are under 19 years old and in full-time education.
a)
true
b)
false
10.
You will only receive a state pension if you have paid national insurance contributions.
a)
true
b)
false
11.
Money received from stocks and shares is called
a)
My income
b)
Perks of the stock exchange
c)
Dividends
d)
Auto enrolment
12.
Inheritance is the money received from a deceased person from their estate
a)
true
b)
false
13.
A will outlines who you want to give your assets to on your death. If you fail to do one you will be in the following category
a)
inheritance
b)
Incapable
c)
incompetent
d)
intestate
14.
This tax is paid on the deceased estate
a)
Investment Tax
b)
Inheritance Tax
c)
Incompetent Tax
d)
Incapable Tax
15.
Auto enrolment is
a)
An apprenticeship
b)
Free books for students
c)
Your employer putting you into their pension scheme
d)
Your state pension
16.
Employment support allowance
a)
is paid to people who are disabled or too ill to work.
b)
is paid to people on low wages
c)
is paid to parents with children
d)
is paid to old age pensioners
17.
If you qualify for income support, you may get your council tax and rent paid.
a)
true
b)
false
18.
A disadvantage of being on a zero hours contract is
a)
you get to lie in bed when they don't ring you to work
b)
you are flexible to work for other people when available
c)
you can go on holiday when you like
d)
you don't know how much work you are going to get from week to week, so no regular income
19.
A wage is paid by
a)
the week
b)
the month
c)
the day
d)
the year
20.
Wages and salaries are paid to employees net of what?
a)
holiday club deductions
b)
tax and national insurance deductions
c)
child tax credits
d)
uniform allowance
Reset
