9 Math Income and Taxation - CMC
Quiz
•
Other
•
9th - 12th Grade
•
Hard
Caitriona McCann
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the two main types of income discussed in the lesson?
Wage and salary
Commission and piece work
Salary and commission
Wage and piece work
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between wage and salary?
Wage is based on an hourly rate, while salary is based on an annual amount
Wage is based on an annual amount, while salary is based on an hourly rate
Wage is paid weekly, while salary is paid monthly
Wage is paid monthly, while salary is paid weekly
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is overtime?
Working hours outside of normal hours
Working extra hours on weekends
Working extra hours on public holidays
Working extra hours on weekdays
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is commission?
A percentage of sales
A fixed amount per hour
A bonus for working overtime
A bonus for taking holidays
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is piece work?
Getting paid per item produced
Getting paid a fixed amount per week
Getting paid a percentage of sales
Getting paid a bonus for taking holidays
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is taxation?
A portion of income paid to the government
A bonus for working overtime
A fixed amount per hour
A percentage of sales
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between gross income and net income?
Gross income is the total amount earned, while net income is the amount after tax
Gross income is the amount after tax, while net income is the total amount earned
Gross income is the amount before tax, while net income is the amount after tax
Gross income is the total amount earned, while net income is the amount before tax
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