WorksheetsUnderstanding Different Types of Income
Total questions: 10
Worksheet time: 5mins
John is a software engineer who earns a monthly salary. This is his primary source of income, paid by his employer for his work.
What kind of income is he making?
Interest Income
Capital Gains
Wages & Salaries
Royalties
Maria runs a bakery and earns income from the sale of cakes, pastries, and other baked goods. Her income comes from the profits of her business.
What kind of income is she making?
Wages & Salaries
Royalties
Capital Gains
Business income
Alex owns an apartment building and receives monthly rental payments from his tenants. This rental income is generated from his property investment.
What kind of income is he making?
Interest Income
Rental Income
Dividend Income
Interest Income
Sarah has a savings account that earns interest. The bank pays her a small percentage of interest on her deposited money annually.
What kind of income is she making?
Business Income
Capital Gains
Interest Income
Dividend Income
Michael owns shares in a company that pays dividends. He receives a portion of the company's profits periodically as dividend payments.
What kind of income is he making?
Dividend Income
Capital Gains
Royalties
Business Income
Emma bought stocks at a lower price and sold them at a higher price. The profit she makes from this transaction is her capital gain.
What kind of income is she making?
Business Income
Dividend Income
Royalites
Capital Gains
Robert wrote a book and earns royalties from each copy sold. He receives payments from the publisher based on the sales of his book.
What kind of income is he making?
Wages & Salaries
Royalties
Capital Gains
Business Income
Linda receives a monthly pension after retiring from her job. She also withdraws funds from her 401(k) retirement plan.
What kind of income is she making?
Social Security Benefits
Alimony and Child Supprot
Pension and Retirement Income
Dividend Income
David, a retired individual, receives monthly Social Security checks from the government based on his previous contributions during his working years.
What kind of income is he making?
Social Security Benefits
Alimony and Child Support
Pension and Retirement Income
Dividend Income
Karen receives alimony and child support payments from her ex-spouse, which help her manage living expenses for herself and her children.
What kind of income is she making?
Dividend Income
Pension & Retirement Income
Social Security Benefits
Alimony and Child Support
