WorksheetsCh10 L2
Total questions: 12
Worksheet time: 9mins
Which income is defined as, "Money earned regularly with little to no effort."
Earned Income
Portfolio Income
Passive Income
Irregular Income
Which income is defined as, "Money earned from selling an investment at a profit."
Earned Income
Portfolio Income
Passive Income
Irregular Income
Which income is defined as, "Money earned from someone's labor."
Earned Income
Portfolio Income
Passive Income
Irregular Income
Which income would be earned from selling stocks?
Earned Income
Portfolio Income
Passive Income
Irregular Income
Which income would be earned from collecting rent payments from one of your properties?
Earned Income
Portfolio Income
Passive Income
Irregular Income
Getting paid hourly for your work is referred to as (a) , whereas earning income on a yearly rate for work is referred to as a (b) .
NAME the document that you fill out to tell your employer how much to withhold for taxes.
Form 1040
W-4
W-2
Form 1090
Select all of the income types that you have to pay taxes on.
Earned Income
Passive Income
Portfolio Income
Select all of the items below that you will owe taxes on.
Profit from selling stocks.
Collecting Rent Payments.
Money from working at Burger King.
Ad Revenue generated from your YouTube channel.
FICA stands for...
Federal Income Collections Agency
Federal Insurance Contributions Act
Formal Intervention on Currencies Act
Formal Inspections Corroboration Act
RECALL the purpose for FICA deductions.
To pay for the Federal Military Budget
To fund social security and medicare
To fund education in your state
To pay for the salaries of American politicians
Match the pay period term to the correct amount of time.
Monthly
12 pay periods a year
Semi Monthly
24 pay periods a year
Biweekly
26 pay periods a year
Weekly
52 pay periods a year
