How Do People Make Money?
How Do People Make Money?. Discussion:. What are some ways that you have earned or made money?. Types of Income. Wage : Money that is given to someone in exchange for their work. Paycheck Do any of our examples fit into this category? If not, let’s brainstorm!. Types of Income Cont.
How Do People Make Money?
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Presentation Transcript
Discussion: • What are some ways that you have earned or made money?
Types of Income • Wage: • Money that is given to someone in exchange for their work. • Paycheck • Do any of our examples fit into this category? If not, let’s brainstorm!
Types of Income Cont. • Rent: • Money paid to a landlord by the tenant for use of their property. • Landlord: Person who owns the property that is being rented. • Tenant: Person who is renting the property (Renter). • Do any of our examples fit into this category? If not, let’s brainstorm!
Types of Income Cont. • Interest: • Money earned because your money was borrowed or used. • Savings Account • Do any of our examples fit into this category? If not, let’s brainstorm!
Types of Income Cont. • Profit: • Income a person or company receives for their goods and services after the expenditures of a company have been subtracted. • Cash for product – Expenses to make and sell the product = Profit • Do any of our examples fit into this category? If not, let’s brainstorm!
