Junior Achievement

Your abilities include...

• The things you do well

• Your mental competence

• The skill you need to do something

• All of the above

Career planning is done

• After high school

• In college

• Throughout a lifetime

• Once in a lifetime

Who pays taxes?

• Most people who have a job

• Most people who purchase items

• Most people who own property

• All of the above

What are the three main types of taxes?

• Income, sales, and property

• Unemployment, sales, and property

• Federal income, unemployment, and state

• Sales, property, and unemployment

What is social security?

• A private insurance system just for the elderly

• A free insurance system

• The amount of money someone has

• Provided benefitts to most Americans who are retired, sick, or too disabled to work

The purpose of taxes it to

• Support the government

• Improve public places

• Pay retirement benefits

• All of the above

Who pays into social security

• Employees and Employers

• Only people with kids

• People who went to college

• retired adults

Federal, Social Security, and Medicare are all types of taxes

• True

• False

The total amount of earnings made over a one-year period after all deductions have been taken is known as

• Gross annual income

• Gross monthly income

• Net annual income

• Net monthly income

The amount of earnings made over a month, before any deductions, is known as

• Gross anual income

• Gross monthly income

• Net annual income

• Net monthly income