EverFi Financial Literacy Lesson 2: Income and Employment
Quiz
•
Business, Life Skills
•
10th - 12th Grade
•
Medium
Mandi Collyar
Used 243+ times
FREE Resource
30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Generally, the more education you receive, the higher your lifetime earnings will be.
TRUE
FALSE
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
There is no relationship between the level of education received and lifetime earnings.
TRUE
FALSE
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
For most careers, which degree will most likely result in the highest lifetime earnings?
High school degree
Associate's degree
Licensure or certification
Bachelor's Degree
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is net pay?
The amount of pay earned for the total number of hours worked.
The amount of money you're paid after all taxes and deductions are taken out of your paycheck.
The amount of money you're paid before all taxes and deductions are taken out of your paycheck.
Your gross pay plus any bonuses.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Net pay is NOT ________.
The money that you take home on your paycheck.
Your gross pay plus any bonuses.
less than gross pay.
The amount of money you're paid after all taxes and deductions are taken out of your paycheck.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount of money you're paid, after all taxes and deductions are taken out of your paycheck is called
________.
Gross pay
Net pay
Total pay
Year-to-date pay
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a possible tax or deduction that they may show up on your paycheck?
Federal income tax
Contributions to retirement savings
FICA
All of the above
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