EverFi Financial Literacy Lesson 2: Income and Employment

EverFi Financial Literacy Lesson 2: Income and Employment

Assessment

Quiz

Business, Life Skills

11th - 12th Grade

Practice Problem

Medium

Created by

Michelle Metzger

Used 126+ times

FREE Resource

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30 questions

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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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