Chapter 10 Lesson 2 Taxes on Your Paycheck

What is Earned Income?

• Income from inheritance

• Income from work performed

• Income from rental properties

• Income from investments

What is the definition of Wage?

• A fixed annual amount

• Money paid by the hour for agreed hours

• Income from investments

• Income from rental properties

What is Minimum Wage?

• Income from investments

• The highest amount employers can pay

• The smallest amount employers can legally pay per hour

• A fixed annual amount

What is Passive Income?

• Money earned with little or no effort

• Income from investments

• Income from rental properties

• Income from work performed

What is Portfolio Income?

• Income from rental properties

• Income from work performed

• Income from an investment sold at a higher price

• Income from inheritance