What is the difference between gross pay and net pay?

Understanding Personal Finance Basics

Flashcard
•
Business
•
9th Grade
•
Hard
Quizizz Content
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15 questions
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1.
FLASHCARD QUESTION
Front
Back
Gross pay is the total earnings before deductions, while net pay is the amount after deductions.
2.
FLASHCARD QUESTION
Front
Which of the following is typically included in a benefits package? Options: Only salary, Health insurance, retirement plans, and paid time off, Gross pay and net pay, Career goals and aptitude assessments
Back
Health insurance, retirement plans, and paid time off
3.
FLASHCARD QUESTION
Front
What is the purpose of an aptitude assessment?
Back
To evaluate your skills and interests for career planning
4.
FLASHCARD QUESTION
Front
What does FAFSA stand for?
Back
Free Application for Federal Student Aid
5.
FLASHCARD QUESTION
Front
Which of the following is an important component of a resume? Your favorite hobbies, Your career goals and work experience, Your credit score, Your gross pay
Back
Your career goals and work experience
6.
FLASHCARD QUESTION
Front
What is a key skill to have during an interview?
Back
Strong communication and confidence
7.
FLASHCARD QUESTION
Front
What is the primary purpose of a business letter?
Back
To communicate formally with businesses or organizations
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