sources of income

When a company makes earnings or a profit, and they share this profit with the stockholders, it's called _____. interest gains dividends tips

dividens

dividens

money paid to people who own stock in a company from the company's earnings

interest

money the bank gives you when you keep your money in one of their accounts

commssion

a fee paid to an employee for their sale or services, which fee is usually based on a percentage of the sale price

Susan bought some land. She sold it for $3,000 more than she paid for it. The $3,000 is an example of _____. dividends interest rent capital gains

capital gains

Wages from an employer are the only source of income. True False

false

income

the money received for work or products sold and from other sources, such as rent or investments

taxable income

the portion of income that is subject to being taxed

Rick works off commission. He earns 10 percent of all manufacturing equipment he sells. If he made a sale of $9,000, how much was his commission? $90 $900 $9,000 $100

900

Choose all that apply. Select each source of income. a gift check from your great aunt a check from your roommate for rent interest deposited into your checking account a few dollars your friend loaned you the tip your client left you

a gift check from your great aunt a check from your roommate for rent interest deposited into your checking account a tip your client left you

stockholder

an individual who owns one or more shares of stock in a joint stock company

capital gains

income earned by the sale of assets, such as stocks or property, which income is the difference between the price paid and the selling price

Tips are considered _____. dividends taxable income gains a bonus

taxable income