PF1
PF2
PF3
PF4
PF5
100
The regular schedule that employers use to pay their employees is called the:
What is pay period?
100
The most secure method for an employer to pay employees is to use:
What is direct deposit?
100
Jaimen is struggling to make his student loan payments after college. He is considering defaulting on the student loan. Which is not a potential consequence if he decides to default on the student loan?
What is He may not be able to obtain a marriage license?
100
When Charles received his college placement test results, he is informed that he will need remediation in math. Which situation is not true of Charles’ situation?
What is Since the remedial courses Charles must take will not count toward his degree, he needs to take the courses but tuition is not charged?
100
It is recommended that one's educational loan payments require no more than 10–15% of one's estimated starting income. What should a student consider in order to calculate this amount?
What is Debt-to-income ratio?
200
Carson’s family has always struggled financially due to his parents leaving high school before graduating and working lower paying jobs to support the family. His parents do not want him to make the same mistake and are encouraging him to apply for scholarships and any type of student aid he might qualify for. Which application will determine which type of need-based aid he will qualify for?
What is Free Application for Federal Student Aid (FAFSA)?
200
One’s lifestyle is to their standard of living as present is to:
What is future?
200
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?
200
Hunter has been offered a job by a local mechanic who has offered to pay him in cash rather than by paper paycheck, direct deposit, or payroll card. Hunter is excited that the amount of money he will take home each week will be larger since his employer will not be deducting any taxes from it. His employer wants to hire him for the 10 weeks of his summer break and expects to pay him $300 per week. Which statement is most likely to be true?
What is Hunter will need to pay his federal and state taxes on his own, since his employer is not paying these required taxes for him?
200
Zoe has been assigned by her school counselor to complete a career assessment. Which statement best describes why her counselor has suggested she do this?
What is Her counselor wants Zoe to match her skills, abilities, interests and values with a list of specific occupations?
300
Which statement is true regarding college-level expectations for studying and completing projects?
What is Plan backward from major deadlines?
300
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 U.S., 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. When Rob compared the Cost of Living Index for the city he currently lives in with the city where the other job was located, the index for his city was 106 and the index for the other city was 78. Which statement is most likely to be true?
What is Rob chose his current job for reasons other than a lower cost of living?
300
As Jonah plans for his future, his family has challenged him to create a SMART goal for his career education and training. Which question is the least important one to consider at this point?
What is Can I get the education and training I need near where I currently live?
300
Sean plans to attend college in 2 years. He and his family have saved some money to help pay for it but he wants to explore ways he can receive money he won’t have to repay. Which set of options should he explore?
What is Pell Grants, work-study, and scholarships?
300
Which statement is not true?
What is Most people have several careers throughout their lifetime?
400
Sarah learned in her Financial Education class that she needs to consider the cost of living when comparing job offers. Which is the most important consideration?
What is The average cost of basic necessities, such as housing and food in the city where her new job is?
400
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
Lora is a high school computer and technology teacher. She enrolls in a computer class at least twice per year to stay current on recent technology changes and updates. By continuing her education, Lora is investing in her:
What is human capital?
400
In order to make an informed career decision, a high school student will want to:
What is develop personal goals, complete a career assessment, and research careers?
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?
500
The money one would have earned if she/he had worked instead of continuing her/his education is called the:
What is opportunity cost?
500
Direct Subsidized Stafford Loans offer some features that are different when compared to borrowing money from a bank to pay for college. Which is not a difference between a Direct Subsidized Stafford Loan and a typical bank loan?
What is Interest rates for Stafford loans tend to be higher because the loans are held for a relatively long period of time?
500
Gross income – deductions =
What is net income?
500
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?
500
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?
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