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Sources of Income A

Total questions: 10

Worksheet time: 6mins

Name
Class
Date
1.

You get a part-time job after school working at a local coffee shop. Every two weeks, money is deposited into your bank account for the hours you worked.

Which term best describes the money you receive from working at the coffee shop?

a)

Expenses

b)

Income

c)

Savings

d)

Debt

2.

You work 15 hours a week at a sporting goods store. You earn an hourly wage, sometimes receive tips for helping customers, and get a bonus for meeting sales goals.

Which term best describes the money you earn from working at the sporting goods store?

a)

Unearned income

b)

Earned income

c)

Allowance

d)

Investment income

3.

You get a job at a grocery store and are paid $12 per hour. At the end of the week, your paycheck is based on how many hours you worked.

Which term best describes the money you earn per hour at the grocery store?

a)

Salary

b)

Wage

c)

Bonus

d)

Commission

4.

You work 18 hours this week at a movie theater and earn $11 per hour. Your paycheck is calculated by multiplying the number of hours you worked by how much you earn each hour.

Which term best describes how your pay is being calculated?

a)

Net Pay

b)

Total Wages

c)

Salary

d)

Bonus

5.

You normally earn $14 per hour at your job. One week, you work 45 hours. For the 5 extra hours over 40, your employer pays you time-and-a-half (50% more than your regular hourly rate).

a)

Commission

b)

Bonus

c)

Overtime pay

d)

Salary

6.

You get hired as a social media assistant and are paid $32,000 per year. You receive the same paycheck every month, even if some weeks you work more hours and other weeks you work fewer hours.

a)

Wage

b)

Commission

c)

Salary

d)

Overtime

7.

You work at a shoe store and earn extra money based on how many shoes you sell. For each sale, you receive a percentage of the total price in addition to your base pay.

Which term best describes the extra money you earn from making sales?

a)

Wage

b)

Commission

c)

Salary

d)

Overtime pay

8.

Your manager tells you that if you meet your monthly sales goal at your job, you will receive a one-time extra payment added to your paycheck at the end of the month.

Which term best describes this one-time extra payment?

a)

Wage

b)

Commission

c)

Bonus

d)

Salary

9.

You work as a server at a local restaurant. After you bring food and drinks to a table, the customers leave extra money on the table to thank you for good service.

Which term best describes the extra money the customers leave?

a)

Wage

b)

Tips

c)

Commission

d)

Bonus

10.

The minimum wage in Kentucky is $ (a)   per hour, which is the same as the federal minimum wage.

Be sure to write your answer in the correct dollar and cent format.