Pensions Math in Action

Pensions Math in Action

9th - 12th Grade

30 Qs

quiz-placeholder

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Pensions Math in Action

Pensions Math in Action

Assessment

Quiz

Other

9th - 12th Grade

Hard

CCSS
8.F.A.2, RI.7.2, HSF.IF.A.2

+6

Standards-aligned

Created by

COURTNEY JOHNSON

Used 1+ times

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An Action of withdrawal from one's position of occupation or from active working life

Career

Trustee

Retirement

Living Trust

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Federal insurance program which provides benefits to retired individuals or those who are unemployed or disabled

Pension

Social Security

401k

Certification of Deposit (CD)

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Defined benefit plan which allows qualified workers to receive benefits when he/she retires

Stock

Retirement

Pension

401K

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the below is an employer based retirement plan that both employees and employers contribute to?

Traditional IRA

Roth IRA

401K

Pension

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the below is an employer based retirement plan that only employers contribute to?

Traditional IRA

Roth IRA

401K

Pension

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of below accounts is your contribution directly taken out of your paycheck?

401K

IRA

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does tax deferred mean?

You pay taxes when you put the money into the account and when you withdraw it.

You pay taxes now when you contribute to your account.

You pay taxes at a later date when the money is withdrawn.

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