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100
When Rob graduated from college he considered two different job offers before accepting his job as an accountant in the IT department of a local manufacturing plant. He loves that he can walk or ride his bike to work each day. He also loves to travel and his job will require him to travel several times each year to conduct audits in manufacturing plants throughout the US, Europe, and Asia. He receives a monthly salary and his employer pays his health insurance. His employer also matches the funds he saves in his personal retirement account. Rob has always been very healthy but he appreciates knowing that he has several days of paid sick leave each year if he needs them, along with 1 week of paid vacation. His company is encouraging him to complete the classes he needs to earn his CPA by paying for half of the tuition for the classes he needs to take. Rob's parents asked him what employee benefits his employer was providing. Which would be considered
What is paid sick leave
100
Compound interest is best defined as:
What is Earning interest on interest
100
Erica is an active member of the Silver Cord program at her school. Through this program she commits to completing at least 25 hours of community service each year of high school. Her advisor has encouraged her to explore volunteering with non-profit organizations. Which of the following would qualify as a non-profit?
What is Big Brothers/Big Sisters
100
Which statement is true of government assistance programs?
What is The ultimate goal of government programs is for individuals to become self-sufficient and independent.
100
The average cost of basic necessities, such as housing and food for a particular city is call the:
What is Cost of Living
200
When taking advantage of the time value of money, which of the following is most likely to result in the largest return?
What is Invest as long as possible and at the highest interest rate possible.
200
Susan is currently working in Kansas City, MO earning $30,000 per year. She is offered a position in Indianapolis, IN earning $32,000 per year. If Kansas City’s Cost of Living Index is 100 and Indianapolis’ Cost of Living Index is 125, which is true
What is Susan will have more spending power if she stays in Kansas City.
200
Which federal program assists low income families in purchasing nutritious foods?
What is SNAP
200
Shannon is reviewing her pay stub to determine how much money she earned before her deductions were subtracted. Which column should she check to find this amount
What is Gross Income?
200
Due to unexpected circumstances, Ariel is temporarily receiving income from a government assistance program. The funds she receives through the government program are most likely funded by:
What is taxes at the local, state, and federal levels
300
Bob is working for a bank. He earns $8.00 an hour, works 40 hours a week, and gets paid every 2 weeks. Every pay period he pays $63.08 into federal withholdings tax, $33.21 into state withholdings tax, and $42.05 into FICA (Social Security Tax). What is Bob’s gross pay on his paycheck?
What is 640
300
Jamie has elected to be paid by direct deposit at her new job. This means .
What is She will receive her pay directly into her checking account at her depository institution for each pay period.
300
Sarah learned in her Financial Education class that she needs to consider the Cost of Living when comparing job offers. Which statement is most accurate
What is The average cost of basic necessities, such as housing and food in the city where her new job is.
300
The most secure method for an employer to pay employees is to use:
What is direct deposit
300
Ally learned in her Personal Finance class that some paycheck deductions are required and others are optional. She is checking over her paystub and sees several deductions. Which of the following would be TRUE?
What is Federal Income Tax, State Income Tax, Social Security and Medicare deductions are all required deductions.
400
Employment opportunities for Jackie and David are limited, but they both have jobs earning just a bit more than minimum wage. Which federal program will encourage them to file a tax return by offering a financial incentive to them?
What is Earned income tax credit
400
Bob is working for a bank. He earns $8.00 an hour, works 40 hours a week, and gets paid every 2 weeks. Every pay period he pays $63.08 into federal withholdings tax, $33.21 into state withholdings tax, and $42.05 into FICA (Social Security Tax). What is Bob’s net pay on his paycheck?
What is 501.66
400
Medicare is provided by the Federal Government for individuals in specified circumstances. In which of the situations below would the individual most likely be receiving Medicare funds?
What is Rachel is a seventeen year old high school student who is pregnant and needs assistance with her medical expenses.
400
Steven is considering taking a job with a company that is offering gym memberships, flexible hours, repayment of education loans, merchandise discounts, and childcare. These components of the job offer are called:
What is employee benefits
400
Diana has faced the fact that she and her family need to explore assistance programs they might qualify for during the time she must be off work following an accident. How might she and her family locate an appropriate program?
What is Go to www.govbenefits.gov
500
Gross income – deductions = _
What is net income
500
Alyssa’s childcare provider called to tell her that the provider’s young daughter woke up ill and she won’t be able to care for Alyssa’s son today. Alyssa’s friend, who is a stay-at-home mother, agrees to care for Alyssa’s son today so Alyssa can go to work. Alyssa has utilized:
What is social capital
500
The regular schedule that employers pay their employees is called the .
What is pay period
500
Steven is moving into his first apartment in a few weeks and has been busy packing. In addition to the things he has purchased with money earned from his full-time job, his parents have told him that he can take the furniture in his bedroom and his bedding when he moves out. His parents are providing for him with which type of income:
What is in-kind income
500
To be considered for lifelong employment a person must continually maintain their employability.Three actions below will help to maintain employability. Which one WILL NOT
What is Seek ways to blend your personal and professional images online to enable current and future employers to see that you have a varied and interesting life both in and outside of work.
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