Understanding Earned Income
A worksheet for Grade 4 students to understand the concept of earned income, different ways people earn money, and its importance.
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Understanding Earned Income
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Read each question carefully and answer to the best of your ability. This worksheet will help you understand how people earn money.
1. Earned income is the money people receive for their or services.
2. When someone works at a job, they are earning a .
3. A doctor earns income by providing care to patients.
4. A teacher earns income by students.
1. Which of the following is an example of earned income?
Finding money on the street
Getting a gift for your birthday
Working at a lemonade stand
Winning a prize in a drawing
2. A person who cuts hair earns income by providing a .
Product
Service
Gift
Prize
Match each person to the service they provide to earn income.
1. Chef
a. Builds houses
2. Builder
b. Teaches students
3. Teacher
c. Prepares food
4. Artist
d. Creates paintings or sculptures
1. Why is earned income important for people and families?
2. Name two different jobs someone in your community might have, and explain how they earn income.