Income and Careers

Ariel wants to compare the salaries for positions she was offered at two companies. What should she consider in this process?

Check three that apply.

• She should research the cost of living of different locations to compare against the offered salaries.

• She should research the benefits included in each offer.

• She should research the average salary of similar positions to see if the offers are fair.

• She should take the position that offers the largest salary.

• She should take the position that has the lowest cost of living.

Natalie’s income statement for the month of October is shown.

What is Natalie’s net income for the month of October?

• $930.00

• $980.00

• $1,930.00

• $1,980.00

Which factors positively affect lifetime income?

Check four that apply.

• post-secondary education

• employee benefits

• salary

• vocational training throughout career

• high cost of living

What is the job outlook for a US postal worker?

• The career is growing and will provide more opportunities over time.

• The career is growing and will provide fewer opportunities over time.

• The career is shrinking and will provide more opportunities over time.

• The career is shrinking and will provide fewer opportunities over time.

Mariana wants to research a career in veterinary medicine. Where could she find accurate and objective information?

Check three that apply.

• She could speak with a career counselor.

• She could visit the library and check out a book from the career section about veterinarians.

• She could visit the library and check out a book from the fiction section with a veterinarian in it.

• She could visit the online site for the US Bureau of Labor and Statistics.

• She could visit a personal blog site written by a veterinarian.

Which statement best describes lifetime income?

• the total salary for all the years worked

• the total salary and retirement benefits for all the years worked

• the total salary and value of insurance benefits for all the years worked

• the total cost of college classes and vocational training divided by the total years worked

Quincy listed his assets and liabilities.Which are Quincy’s assets? Select three choices.

• cash

• rent

• stocks

• jewelry

• student loan

Which are shown on a balance sheet?

Select three choices.

• assets

• liabilities

• age

• time period

• date of birth

Lauren is trying to find her net income. She used the statement and the steps shown.

Step 1: List all income, including tips and commissions, and list all expenses, including food, entertainment, and clothing.

Step 2: Total all the income. Then total all the expenses.

Step 3: Add the total of the income and the expenses.

• Lauren made an error in step 1 because she should not include tips and commissions in her income.

• Lauren made an error in step 1 because she should not include entertainment in her expenses.

• Lauren made an error in step 2 because she does not need to total the expenses.

• Lauren made an error in step 3 because she should have subtracted the expenses from the income.

This table compares the requirements for a career as an athletic trainer or an air traffic controller. A student who is interested in becoming an air traffic controller will make

• more money than an athletic trainer but will have a harder time finding a job.

• more money than an athletic trainer and will have an easier time finding a job.

• less money than an athletic trainer but will have an easier time finding a job.

• less money than an athletic trainer and will have a harder time finding a job.