Question

In this first section, you’ll explore some factors related to income and managing your personal finances.

Recently, you’ve been thinking about pursuing a medical career, and you’ve decided that you should get a part-time job in the medical field.

You put in your two-week notice at the general contracting firm where you’re currently working and get a part-time job at the gift shop of your local hospital to understand what it’s like to work in a medical setting. The hospital will pay you $15 per hour, and you’ll work 20 hours per week.

What type of income will you earn from this job?
Question 1 options:

Retirement income


Investment income


Employment income


Self-employment income

Answer 1

Employment income — you're earning wages from an employer for hours worked (not retirement, investment, or self‑employment income).