[talktown Tuesday] Quiz Contest
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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!
- 1.
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.
- A.
Discount
- B.
Bonus
- C.
Income
- D.
Grant
Correct Answer
B. BonusExplanation
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.Rate this question:
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- 2.
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.
- A.
Earn
- B.
Bring
- C.
Take
- D.
Gain
Correct Answer
A. EarnExplanation
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.Rate this question:
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- 3.
I used to be paid by the hour, but now because I'm in management, I'm paid a monthly ..........
- A.
Wage
- B.
Salary
- C.
Debit
- D.
Credit
Correct Answer
B. SalaryExplanation
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.Rate this question:
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- 4.
I got a 20% ......... last month because of my excellent work performance over the past year.
- A.
Raise
- B.
Interest
- C.
Sum
- D.
Fund
Correct Answer
A. RaiseExplanation
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.Rate this question:
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- 5.
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.
- A.
Net
- B.
Gross
- C.
Raw
- D.
Sum
Correct Answer
B. GrossExplanation
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.Rate this question:
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- 6.
Tim works by the hour, so he's paid hourly ..........
- A.
Funds
- B.
Wages
- C.
Charges
- D.
Salary
Correct Answer
B. WagesExplanation
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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- 7.
......... income is the amount you receive once tax has been withheld from your salary.
- A.
Gross
- B.
Net
- C.
Credit
- D.
Subtotal
Correct Answer
B. NetExplanation
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.Rate this question:
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- 8.
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.
- A.
Waivers
- B.
Income
- C.
Credits
- D.
Salary
Correct Answer
B. IncomeExplanation
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.Rate this question:
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- 9.
"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.
- A.
Books
- B.
Earnings
- C.
Salaries
- D.
Debts
Correct Answer
B. EarningsExplanation
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.Rate this question:
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- 10.
I have to make more ......... this year in order to pay off my credit card debt.
- A.
Rent
- B.
Debits
- C.
Wage
- D.
Money
Correct Answer
D. MoneyExplanation
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.Rate this question:
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Current Version
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Jul 10, 2024Quiz Edited by
ProProfs Editorial Team -
Dec 07, 2011Quiz Created by
Talktown
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