Income

A deduction is

• gross income

• money added to your income

• net income

• money taken out of your income

Gross income is:

• the total amount of money BEFORE taxes

• the amount of money you receive after decuctions are subtracted

• the total amount of money you spend

• sales taxes on items you buy

Net income is:

• the total amount of money you earn

• the amount of money you receive after deductions are subtracted from your gross income

• the amount of money that is taken away in the form of taxes

• the hourly rate of pay

Net Pay is?

• After Tax

• Before Tax

• Sales Tax

• Property Tax

Money earned by working is...

• Values

• Taxes

• Income

• Fixed Cost

When the minimum wage was started, what was the pay?

• 25 cents

• 5 cents

• 35 cents

• one dollar

Payment for a fixed amount of work is...

• A Contract

• Commission

• Income

• Minimum Wage

Being paid for each item you produce is...

• A Contract

• A Salary

• Overtime

• Piecework

Being paid Bi-Weekly means you get paid every...

• Two Days

• Two Weeks

• Two Months

• Two Years

Taking money out of your paycheck is called...

• Taxes

• Health Insurance

• Deductions

• Wages