Finance Quiz

1. What is income?
Money received from investments.
Money earned from working.
Both
2. What is earned income?
Income from working for someone else or owning a business.
Income from investments.
Income from government benefits.
3. What is unearned income?
Income from investments.
Income from working for someone else or owning a business.
Income from government benefits.
4. What is gross income?
Income after taxes and other deductions.
Income before taxes and other deductions.
Income from investments.
5. What is net income?
Income before taxes and other deductions.
Income after taxes and other deductions.
Income from investments.
6. What is a salary?
Income earned from working a set number of hours per week or month.
Income earned based on the amount of work completed.
Income earned from investments.
7. What is a wage?
Income earned based on the amount of work completed.
Income earned from working a set number of hours per week or month.
Income earned from investments.
8. What is commission income?
Income earned from working a set number of hours per week or month.
Income earned from investments.
Income earned based on the amount of work completed.
9. What is a bonus?
Extra income received for meeting or exceeding performance goals.
Income earned based on the amount of work completed.
Income earned from investments.
10. What is passive income?
Income earned from working for someone else or owning a business.
Income earned from government benefits.
Income earned from investments.
11. What is capital gains income?
Income earned from government benefits.
Income earned from selling assets at a profit.
Income earned from working for someone else or owning a business.
12. What is rental income?
Income earned from working for someone else or owning a business.
Income earned from renting out property.
Income earned from government benefits.
13. What is dividend income?
Income earned from working for someone else or owning a business.
Income earned from government benefits.
Income earned from investments in stocks or mutual funds.
14. What is capital losses?
The loss incurred when working for someone else or owning a business.
The loss incurred when receiving government benefits.
The loss incurred when selling assets at a lower price than they were purchased for.
15. What is interest income?
Income earned from working for someone else or owning a business.
Income earned from investments in bonds or savings accounts.
Income earned from government benefits.