9 Math Income and Taxation - CMC

9 Math Income and Taxation - CMC

9th - 12th Grade

10 Qs

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9 Math Income and Taxation - CMC

9 Math Income and Taxation - CMC

Assessment

Quiz

Other

9th - 12th Grade

Hard

Created by

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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