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Directions: Identify the terms defined by the following: (Choose your answers
inside the box.)
1. Money that an individual or business receives in
exchange for providing goods or services.
2. The total income earned by all members of the household.
3. Monthly income of a government or private workers.
4. Money received by retired persons and other pensioners.
5. A term for daily or weekly income.
Pensions
Income
Family Income
Salary
Wages
Rent
Answers & Comments
"INCOME" Money that an individual or business receives in exchange for providing goods or services.
"FAMILY INCOME" The total income earned by all members of the household.
"SALARY" Monthly income of a government or private workers.
"PENSION"Money received by retired persons and other pensioners.
"WAGES" A term for daily or weekly income
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