Everfi Module 2 and 3 Review

Generally, the more education you receive, the higher your lifetime earnings will be.

• True

• False

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

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.

What does the W-2 form tell you?

• How much you've earned and how much taxes you've paid in the last year.

• When to file your tax return.

• How much federal income tax your employer will withhold from your paycheck

• How often your employer will be paying you.

What do taxes pay for?

• Schools, government departments, roads, and emergency services

• Privately-owned businesses

• Operation of financial institutions

• None of the above

The ___________ is a flexible market that allows you to work short-term, independent jobs.

• gig economy

• labor market

• employee workforce

• sharing economy

What do you need in order to fill out your 1040?

• Your W-2

• Your routing and bank account number

• A record of any other supplemental income

• All of the above

When considering a job offer, you should consider how much you're being paid and any other employee benefits before you accept the offer.

• True

• False

Which of the following is NOT considered part of your benefits package available from your employer?

• Free technology equipment

• Disability Insurance

• Paid time off

• Healthcare insurance

Healthcare, paid time off, disability insurance, and matching contributions to a retirement account are all

types of _________ available from your employer.

• benefits

• pensions

• deductions

• allowances