WorksheetsEarning an Income
Total questions: 20
Worksheet time: 10mins
The type of income you receive when you act as an agent, or go-between, between consumers and producers:
Commission
Rent
Royalties
Wage
This type of income is usually charged by doctors:
Commission
Fee
Rent
Interest
When you receive income after you allow someone to use your property for a specified time, this is known as:
Commission
Fee
Rent
Royalties
The income received by the ENTERPRISE factor of production is:
wage
interest
rent
profit
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:
Profit
Commission
Rent
Salary
Part of a company's profits paid to people who have bought shares in that company are a type of income called:
Profit
Interest
Dividends
Commission
A singer who releases a new single on the radio will receive what form of income every time the radio plays their song?
Commission
Dividends
Fee
Royalties
When you get paid by the hour you would earn:
A commission
A salary
A wage
A dividend
When you get employed on a yearly basis you would be paid:
A wage
A salary
A commission
A royalty payment
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:
Rent
Interest
Commission
Dividends
Which of the following would be a form of income received from the CAPITAL factor of production?
Interest
Wage
Salary
Commission
Which would NOT be a form of income received from the LABOUR factor of production?
Wage
Salary
Profit
Commission
Income received from the LAND factor of production would be:
Commission
Salary
Wage
Rent
Which type of income would a FULL-TIME employee be more likely to earn?
Rent
Salary
Wage
Dividends
A CASUAL employee would be more likely to earn:
A salary
A wage
A royalty
Dividends
Dividends are:
what you earn when you work overtime
when you receive a payment for creating a piece of work such as a book
paid when you use someone's house to live in
A share of a company's profits
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?
Weekends
Between 9am-5pm weekdays
Public Holidays
Night shifts
An ADVANTAGE of earning a salary is that:
You get secure benefits like sick leave
You get paid for each hour that you work
You get paid depending on how well you sell a product, so the more you sell the more you make
Which of the following would NOT be a material reason for working?
So you can pay your bills
To save up to buy a house
Because you love your job
To send your kids to a good school
Which of the following is NOT a non-material reason for working?
To get better self-esteem
To be able to buy expensive things
To make friends
To achieve a purpose or help people
