PFin - Fall Final (2024)

Flashcard
•
Mathematics
•
11th Grade
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
What is the average pay raise per year for a person starting at $50,000 and retiring at $125,000 over 50 years?
Back
$1500
2.
FLASHCARD QUESTION
Front
What is the current retirement age according to the federal government?
Back
67
3.
FLASHCARD QUESTION
Front
At what age do people typically begin working if they go to work straight after high school?
Back
18
4.
FLASHCARD QUESTION
Front
What are benefits in the context of employment?
Back
Non-monetary rewards or advantages given to employees in addition to their salary.
5.
FLASHCARD QUESTION
Front
What is the federal poverty level for a single person in California?
Back
$15,000 / yr
6.
FLASHCARD QUESTION
Front
Define 'retirement age'.
Back
The age at which a person is eligible to retire and receive retirement benefits.
7.
FLASHCARD QUESTION
Front
What is the significance of understanding average salary increases?
Back
It helps individuals plan their career and financial future.
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