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LIBF UNIT 1 TOPIC 4

Authored by Roxana Popa

Business

9th Grade

Used 77+ times

LIBF UNIT 1 TOPIC 4
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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following types of income is a 12-year-old most likely to receive?

Pocket money

A pension income

An income from earnings

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Disposable income is often defined as income that:

you have prior to tax being deducted

you have after tax and National Insurance are deducted

you have left after having paid all of your expenses

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An example of a universal benefit is:

Universal Credit

Personal Independence Payment

State Pension

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following would be entitled to the National Minimum Wage?

A self-employed hairdresser, age 25

An employed admin assistant, age 21

A paper delivery boy, age 15

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Employers must provide payslips because they are a:

legal right

civil right

human right

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of cash in the economy is equal to the amount of money in the economy.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Equality Act 2010 states that employees should receive equal money for equal work.

True

False

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