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- 1. Multiple Choice
Which of the following is an example of earning income from capital gains?
hourly employee earning $17 per hour
salaried employee earning $56,000 per year
selling a car and making a profit of $3,000
selling stocks for a total of $5,000
- 2. Multiple Choice
Allen bought 1,350 shares of stock for $12 per share. If he sold all his shares for $27,000, how much profit on each share did he make?
$6
$8
$10
$12
- 3. Multiple Choice
Tyra makes $21.40 per hour at her job for the first 40 hours and $32.10 for anything over 40 hours. If Tyra typically works 45 hours per week, how much does she earn?
$856.00
$963.00
$1,016.50
$1,444.50
- 4. Multiple Choice
Byron’s income last year was $61,700. He made $48,000 at his plumbing job and had income from an apartment that he rented out. If Byron earned the same amount of rent each month for the entire year, approximately how much per month did he collect?
$940
$1,140
$4,000
$5,140
- 5. Multiple Choice
Desiree works 28 hours per week. She has a monthly income of $120 from investments. Desiree also plays in a band one night a week making $200. She has a total annual income of $49,696. Desiree wants to ask her boss for a raise so that next year she can have a total income of $51,880. Assuming the other incomes remain the same, how much of an hourly raise will Desiree need?
$1.25
$1.50
$1.75
$2.00
- 6. Multiple Choice
Below shows how many hours Eli worked last week. He makes $14.50/hr for the first 40 hours. He makes time and a half for time over 40 hours Monday-Friday. He makes double time on weekends. Figure his pay for the week.
Sun.-0 Mon.-8.5 Tues.-9.5 Wed.- 7.5 Thurs.- 8 Fri.-8.5 Sat.-4
$609.00
$739.50
$667.00
$754.50
- 7. Multiple Choice
Jennifer earns $17.35 per hour at her job. She works 6 hours per day, 5 days per week. What is Jennifer’s gross income for a 2 week pay period?
$520.50
$694.00
$867.50
$1,041.00
- 8. Multiple Choice
Which of the following is an example of a passive income?
receiving money from selling stocks
receiving royalties from writing a book
making money from selling a motorcycle
making money by getting paid a salary
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