Consumer Financial Literacy

What is the name for a sum of money that is paid regularly as a retirement benefit?

• Pension Plan
• Checking Account

2. What is the term used to describe when an Empmloyer and Employee both contribute to a 4017(k)?

• IRA
• 401(k) matching

Todd and Mary are the both 25. Todd begins saving $50 per month for retirement at age 25.  Mary begins saving $100 per month a year at age 45.  Both Mary and Todd decide to retire when they turn 65.  Who has more money saved for retirement, Mary or Todd?

• Mary because she saved more each year
• Todd becaeuse his money has grown for a longer period of time at compound interst

Stacey is starting her new job at Burger Flippers.  In order for her manager to know how much to withhold in federal taxes, Stacey has to fill out which form?

• I9
• W4

How much do employers contribute towards Medicare and Social Security

• The same amount as Employees
• Nothing

One Pro of college is

• Increasing your human capital
• You spend a lot of money

One Con of college is

• You have fun
• Student loans

Name a payroll deduction:

• Bills
• Social Security

What's an interpersonal skill:

• sorting and understanding data
• fixing a small engine
• communicating effectively
• coordinating a large, multifaceted event

What's an analytical  skill:

• sorting and understanding data
• fixing a small engine
• communicating effectively
• coordinating a large, multifaceted event