Money Skills Final Exam Review

The total amount of money you expect to earn before taxes and other paycheck deductions is your____________________ income.

• Gross
• Net

A Web address that begins with ____________________ indicates that the site is secure.

• http://
• https://

Expense categories that are not absolutely necessary are ____________________ expenses.

• fixed
• variable
• discretionary
• mandatory

A vehicle’s loss in value over time is called ____________________.

• a premium
• depreciation
• a poor buying decision
• insurance deductible

Once you’ve prepared your ____________________, you’re ready to look for job openings.

• briefcase
• PowerPoint
• job application
• resume

A tax ____________________ provided in the tax instruction booklet can be used to determine how much income tax you owe for the year.

• table
• form
• information
• chart

____________________ are any amounts subtracted from gross pay.

• Deductions
• Taxes
• FICA
• Social Security

You should send a ____________________ with your résumé. (two words)

• Reference List
• Cover letter
• Phone Number
• Job Application

A pay stub shows all of the following EXCEPT…

• total hours worked and the amount of money earned for the pay period
• income taxes and Social Security contributions.
• tips received from customers.
• total earnings, total deductions, and net pay.

A good reference on a résumé might be any of the following EXCEPT…

• your school counselor
• a family member
• a teacher
• a past employer