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WorksheetsTypes of Income Grade 6
Total questions: 16
Worksheet time: 8mins
What does income mean?
The money earned from working.
The money earned from wages and salary only.
The money earned from wages and salary, gifts, interest, and other payments.
The money earned by a person who rents property.
Which one is the income from working in hourly, daily, or weekly payment basis?
Salary
Allowance
Profit
Wages
Which one is the income from working in weekly or monthly payment basis?
Salary
Allowance
Profit
Wages
What types of income which is paid by a person who rents property?
Interest
Rental Payment
Profit
Allowance
What does allowance mean?
The money given by government for helping someone to pay their wants and needs.
The extra money from the bank.
The financial gain earned by individual, business, or government.
The borrowed money.
The extra money from the bank is called...
allowance
salary
interest
profit
What does profit mean?
The money given by government for helping someone to pay their wants and needs.
The extra money from the bank.
The financial gain earned by individual, business, or government.
The borrowed money.
The income earned as the given money is called...
profit
allowance
rental payment
gift
What does human capital mean?
Ground, building, and raw materials for producing goods and services.
People who have necessary education, skill, and training to perform a particular job efficiently.
A person who organizes land, labour, and capital to perform business.
The man-made resources, such as money, cash, and machinery.
How do you count profit?
total earning - cost of production
cost of production - total earning
total income - total expenditure
total expenditure - total income
Which one is NOT the kind of income?
wages and salary
allowance
interest
debt
The people who have been trained to perform the specialized jobs can be called ...
part-time labour
unskilled labour
skilled labour
casual labour
The people who perform the jobs which need no special education or training qualification can be called ...
part-time labour
unskilled labour
skilled labour
casual labour
How can human capital be increased?
through paying higher money.
through education and training.
through performing the work for more than 10 years.
through the age classification.
Doctor, teacher, hairdresser, architect, computer programmer, manager, and banker are categorized as the ...
unskilled labour
part-time labour
skilled labour
casual labour
watering plants and carrying the loads are the jobs categorized as ...
unskilled labour
part-time labour
skilled labour
casual labour
