Review Unit 6

Opportunity occupations offer economic opportunity for those who have completed college.

• True
• False

Generational wealth can include anything from artwork to family farms.

• True
• False

Martha works as a server in a restaurant. When people pay their bill, they add a percentage of the amount to give to Martha. What type of pay is this?

• Tips
• Hourly Wages
• Salary
• Independent Contractor
• Dividends

Dan drives a bus and gets paid by the hour. What type of pay is this?

• Hourly Wages
• Dividends
• Tips
• Salary
• Independent Contractor

Sonia teaches a kindergarten class. She is paid the same amount every week no matter how many hours she works. What type of pay is this?

• Salary
• Hourly Wages
• Tips
• Independent Contractor
• Dividends

Sabrina is a pet groomer. When pet owners think she did a really good job, they pay her extra. What type of pay is this?

• Tips
• Hourly Wages
• Salary
• Independent Contractor
• Dividends

Every three months, Mary receives a cash payout from a company in which she owns 200 shares. What type of pay is this?

• Dividends
• Hourly Wages
• Tips
• Salary
• Independent Contractor

Peyton is a lawyer. He earns the same amount no matter how many cases he works on. What type of pay is this?

• Salary
• Hourly Wages
• Tips
• Independent Contractor
• Dividends

An older, retired couple sell their home, which they bought for $60,000 in 1980. They receive $125,000. What type of pay is this?

• Capital Gains
• Hourly Wages
• Tips
• Salary
• Independent Contractor

The APR of some credit cards can often be avoided if purchases are paid for in full within a certain period of time.

• True
• False