NEW Personal Finance Final Exam

NEW Personal Finance Final Exam

11th - 12th Grade

20 Qs

quiz-placeholder

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NEW Personal Finance Final Exam

NEW Personal Finance Final Exam

Assessment

Quiz

Other

11th - 12th Grade

Medium

Created by

Ashley Turner

Used 103+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these best describes the difference between gross pay and net pay?

Gross pay is the amount you make the entire year and net pay is the amount you make on each paycheck

Gross pay is the amount your employer pays you and net pay is the amount of taxes you pay the government

Gross pay includes salary, tips, commissions, and bonus, while net pay is just your salary

Gross pay is the entire amount you earn that pay period, and net pay is the amount you take home after taxes and other deductions are paid

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which set of items would be appropriate to include on your resume during high school.

Education, computer skills, starting salary request

Volunteer experience, sports team participation, computer skills

Requested vacation days, education, special dietary needs

Education, scheduling requests, personal references

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You receive this form when you start a job. You use it to prove you are eligible to work in the US.

I-9

1099

1040EZ

W-4

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When do you start paying taxes?

When you turn 18

When you make more than the minimum income requirement

When you get a full-time job (part-time does not count)

When you are notified by the IRS that you are required to pay federal income taxes

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following does NOT describe what a "dependent" is for tax purposes?

Children under the age of 18

Anyone permanently disabled

All students

Full-time students under the age of 24

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The largest source of fees for banks when it comes to checking accounts.

Overdraft fees

Wire transfer fees

Check printing fees

Interest expense

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If following the 50-20-30 rule - 50% goes towards ___, 20% goes towards ___, and 30% goes towards ____.

needs, wants, savings

savings, needs, wants

needs, savings, wants

wants, needs, savings

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