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Worksheets

Earning an Income

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

The type of income you receive when you act as an agent, or go-between, between consumers and producers:

a)

Commission

b)

Rent

c)

Royalties

d)

Wage

2.

This type of income is usually charged by doctors:

a)

Commission

b)

Fee

c)

Rent

d)

Interest

3.

When you receive income after you allow someone to use your property for a specified time, this is known as:

a)

Commission

b)

Fee

c)

Rent

d)

Royalties

4.

The income received by the ENTERPRISE factor of production is:

a)

wage

b)

interest

c)

rent

d)

profit

5.

The type of income when the money earned from a business is more than the costs of operating it over a period of time is called:

a)

Profit

b)

Commission

c)

Rent

d)

Salary

6.

Part of a company's profits paid to people who have bought shares in that company are a type of income called:

a)

Profit

b)

Interest

c)

Dividends

d)

Commission

7.

A singer who releases a new single on the radio will receive what form of income every time the radio plays their song?

a)

Commission

b)

Dividends

c)

Fee

d)

Royalties

8.

When you get paid by the hour you would earn:

a)

A commission

b)

A salary

c)

A wage

d)

A dividend

9.

When you get employed on a yearly basis you would be paid:

a)

A wage

b)

A salary

c)

A commission

d)

A royalty payment

10.

When you put money in the bank and the bank pays you a certain amount in return for the use of your money this is known as:

a)

Rent

b)

Interest

c)

Commission

d)

Dividends

11.

Which of the following would be a form of income received from the CAPITAL factor of production?

a)

Interest

b)

Wage

c)

Salary

d)

Commission

12.

Which would NOT be a form of income received from the LABOUR factor of production?

a)

Wage

b)

Salary

c)

Profit

d)

Commission

13.

Income received from the LAND factor of production would be:

a)

Commission

b)

Salary

c)

Wage

d)

Rent

14.

Which type of income would a FULL-TIME employee be more likely to earn?

a)

Rent

b)

Salary

c)

Wage

d)

Dividends

15.

A CASUAL employee would be more likely to earn:

a)

A salary

b)

A wage

c)

A royalty

d)

Dividends

16.

Dividends are:

a)

what you earn when you work overtime

b)

when you receive a payment for creating a piece of work such as a book

c)

paid when you use someone's house to live in

d)

A share of a company's profits

17.

In Australia you might get paid more if you work on certain days or times. Which of the following would NOT be an example of this?

a)

Weekends

b)

Between 9am-5pm weekdays

c)

Public Holidays

d)

Night shifts

18.

An ADVANTAGE of earning a salary is that:

a)

You get secure benefits like sick leave

b)

You get paid for each hour that you work

c)

You get paid depending on how well you sell a product, so the more you sell the more you make

19.

Which of the following would NOT be a material reason for working?

a)

So you can pay your bills

b)

To save up to buy a house

c)

Because you love your job

d)

To send your kids to a good school

20.

Which of the following is NOT a non-material reason for working?

a)

To get better self-esteem

b)

To be able to buy expensive things

c)

To make friends

d)

To achieve a purpose or help people