Understanding Pay and Benefits

Front

The amount of money you're paid, after all taxes and deductions are taken out of your paycheck is called ________.

Back

net pay

Front

Which of the following is NOT a possible tax or deduction that could be withdrawn from your paycheck? State income tax, Contributions to retirement savings, Sales tax, FICA

Back

Sales tax

Front

How does the government pay for roads, schools, and emergency services?

Back

They are funded through taxes.

Front

The five factors negatively affecting your credit score are ________, ________, ________, ________, and ________.

Back

max out a credit card, bankruptcy, debt settlement, miss credit card payments, foreclosure of home

Front

The best ways to protect yourself from Identity Theft are all the following, EXCEPT- Deter (prevent), Detect (the problem), Defend (report to authorities)

Back

Debit (make all online purchases with a debit card)

Front

Which of the following expenses would be a good reason to spend money out of an emergency fund?
Repair your laptop that you use for homework.
Upgrade your phone to the latest model.
Buy new track shoes because they’re in style
Purchase concert tickets to see your favorite artist

Back

Repair your laptop that you use for homework.

Front

Which investment type is a fixed income investment, meaning you get paid on a regular schedule? Options: bonds, stocks, cash equivalents, real estate

Back

bonds

Front

If Chloe worked a total of 52 hours, _______________ of those hours are regular pay and _______________ hours are overtime pay?

Back

40, 12