What are the different types of income? Options: Wages and Salaries, Commissions, Interest Income, All of the above

Career Prep B Final Exam

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10th Grade - University
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1.
FLASHCARD QUESTION
Front
Back
All of the above
2.
FLASHCARD QUESTION
Front
The cost of food is considered a ______expense.
Back
Variable Expense
3.
FLASHCARD QUESTION
Front
_______ is a way to prepare in advance for planned purchases and to have sufficient funds on hand for unexpected expenses.
Back
Spending Plan
4.
FLASHCARD QUESTION
Front
Possessions that generally increase in value or provide a return.
Back
Assets
5.
FLASHCARD QUESTION
Front
A debt is the same as a _____?
Back
Liability
6.
FLASHCARD QUESTION
Front
Assets - Liabilities = ?
Back
Net Worth
7.
FLASHCARD QUESTION
Front
Which is the best value: The first pair of high quality boots is handmade from real leather, has a lifetime warranty, and costs $175. The second pair of boots is machine made from imitation leather, does not have a lifetime warranty, and costs $65.
Back
High quality boots for $175.
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