Personal Finance Final Review

Working 16-25 hours is considered working part time

• True
• False

You should always end your letter with a salutation.

• True
• False

All employers provide pension plans for retirement.

• True
• False

Career planning is a short process that only takes a few months.

• True
• False

An MBA is an example of an advanced degree.

• True
• False

Salaries employees usually do not receive additional pay for overtime work.

• True
• False

Christmas is considered a paid holiday for full time employees.

• True
• False

Employers are required to keep detailed records of wages earned and hours worked for inspection by the

• Social Security Commission
• IRS
• Department of Commerce
• Department of Labor

Medicare is an optional tax.

• True
• False

A construction worker is an example of a white collar worker.

• True
• False