[talktown Tuesday] Quiz Contest

The word "earn" is the correct answer because it means to receive money in exchange for work or services. In the given sentence, the speaker is comparing their monthly income to Geoff's and stating that they earn about $1000 more per month. This implies that the speaker is receiving a higher salary or income compared to Geoff, indicating that they earn more money.

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.

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.

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.

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.

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.

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.

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.

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.

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.