[talktown Tuesday] Quiz Contest

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Talktown
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Quizzes Created: 1 | Total Attempts: 95
| Attempts: 95
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  • 1/10 Questions

    I......... about $1000 more per month than Geoff does. We work at the same company, but I'm in management, and he's in an entry-level position.

    • Earn
    • Bring
    • Take
    • Gain
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About This Quiz


Take our "Money and Earnings Power" quiz and score yourself 6 FREE lessons! There are 10 questions You have 3 minutes to complete the quiz You can only take the quiz 1 time. You must score 100% in order to be eligible to win Contest is valid from Wednesday December 7th to Friday December 9th
We have to warn you, this is an ADVANCED level quiz.
You have what it takes to win? Then take the quiz and find out!

[talktown Tuesday] Quiz Contest - Quiz

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  • 2. 

    I have to make more ......... this year in order to pay off my credit card debt.

    • Rent

    • Debits

    • Wage

    • Money

    Correct Answer
    A. Money
    Explanation
    In order to pay off credit card debt, the person needs to make more money. This suggests that they need to increase their income in order to have enough funds to pay off their debt. Rent, debits, and wage are not relevant in this context as they do not directly contribute to generating additional funds.

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  • 3. 

    I got a huge......... at work yesterday. Our company's profits have steadily increased over the past year, and our general manager decided to give our department a big one.

    • Discount

    • Bonus

    • Income

    • Grant

    Correct Answer
    A. Bonus
    Explanation
    The correct answer is "bonus". In the given context, the speaker mentions getting a huge something at work, indicating that they received something valuable or extra. The mention of the company's increasing profits and the decision of the general manager to reward the department suggests that the "huge" thing received is a bonus, which is typically given as a financial reward for good performance or as an incentive.

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  • 4. 

    I used to be paid by the hour, but now because I'm in management, I'm paid a monthly ..........

    • Wage

    • Salary

    • Debit

    • Credit

    Correct Answer
    A. Salary
    Explanation
    The correct answer is salary. The speaker states that they used to be paid by the hour, but now that they are in management, they are paid a monthly amount. This indicates that they are now receiving a fixed amount of money each month, which is characteristic of a salary.

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  • 5. 

    I earned extra ......... by taking on a second job over the Christmas season, so I have to remember to include that money in my tax return.

    • Waivers

    • Income

    • Credits

    • Salary

    Correct Answer
    A. Income
    Explanation
    The correct answer is "income" because the sentence states that the person earned extra money by taking on a second job over the Christmas season. Income refers to the money earned from employment or other sources, which needs to be included in the tax return.

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  • 6. 

    ......... income is the amount you receive once tax has been withheld from your salary.

    • Gross

    • Net

    • Credit

    • Subtotal

    Correct Answer
    A. Net
    Explanation
    Net income is the amount of money an individual receives after taxes and other deductions have been taken out of their gross income. It represents the actual amount of money that a person takes home and can use for expenses and savings. Therefore, net income is the correct answer as it accurately describes the amount received after tax withholding.

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  • 7. 

    I got a 20% ......... last month because of my excellent work performance over the past year.

    • Raise

    • Interest

    • Sum

    • Fund

    Correct Answer
    A. Raise
    Explanation
    The correct answer is "raise." In the sentence, the speaker mentions receiving a 20% something last month due to their excellent work performance over the past year. The word "raise" fits perfectly in this context as it refers to an increase in salary or wages, which is commonly given to employees as a reward for their good performance.

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  • 8. 

    "My yearly ......... are higher than yours, and I have a better credit rating, so I should apply for the car loan. I think we'll get a better interest rate that way," Kevin explained to his girlfriend.

    • Books

    • Earnings

    • Salaries

    • Debts

    Correct Answer
    A. Earnings
    Explanation
    Kevin is comparing his financial situation to his girlfriend's in order to justify why he should apply for the car loan. He mentions that his "yearly earnings" are higher than hers, indicating that he makes more money. This suggests that he has a higher income and is therefore more likely to be approved for the loan and potentially receive a better interest rate.

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  • 9. 

    When I applied for a mortgage, the loan officer wanted to know my ......... monthly income, which is the amount I'm paid before tax is withheld.

    • Net

    • Gross

    • Raw

    • Sum

    Correct Answer
    A. Gross
    Explanation
    The correct answer is "gross." When applying for a mortgage, the loan officer is interested in knowing the gross monthly income, which refers to the total amount of income earned before any deductions or taxes are taken out. This is important because it gives the loan officer an understanding of the borrower's overall financial situation and ability to repay the mortgage.

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  • 10. 

    Tim works by the hour, so he's paid hourly ..........

    • Funds

    • Wages

    • Charges

    • Salary

    Correct Answer
    A. Wages
    Explanation
    A wage is better because you get paid for how many hours you work, while, with a salary, you get a set amount of payment. An example of a job that gets a salary is a teacher. It doesn't matter how much homework they grade over weekends and vacations, they get the same amount of money.

    Rate this question:

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  • Current Version
  • Jul 10, 2024
    Quiz Edited by
    ProProfs Editorial Team
  • Dec 07, 2011
    Quiz Created by
    Talktown
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