AES Personal Financial Literacy Module Test verified/ passed

AES Personal Financial Literacy Module Test verified/ passedWhat is earned income? - correct answer Any income generated by working. What are the three forms of income? - correct answer Wage, Salary, and Commission. Rick's pay is $58,000 per year. This is an example of a what? - correct answer Salary Abigail's pay is 25% of her sales for the month. This is an example of a what? - correct answer Commission Jacqueline's pay is 18 dollars per hour. This is an example of what? - correct answer Wage What are some factors that influence earned income? - correct answer How hard you work, your training, if you have a degree or certification. What is portfolio income? - correct answer Any income generated by selling an investment at a higher price that you payed for it. What are three ways to produce portfolio income? - correct answer Trading(selling) stock investments for profit. Selling Real Estate. Selling of assets that gain value over time. Is the following an example of portfolio income? Lillian purchased a house for $150,000. Lillian and her husband invested $50,000 into home improvements. Lillian and her husband were able to sell the house for $275,000. - correct answer Yes Is the following an example of portfolio income?