Financial Literacy Mid-Term (Goal Setting & Earning Money)

The acronym for SMART goals is....

• Specific, Measurable, Attainable, Realistic, and Timely

• Specific, Magic, Attractive, Realistic, and Timely

• Specific, Methodical, Attainable, Ready, and Timely

What type of taxes are taken out of your paycheck?

• sales

• property

• payroll

Income is....

• money you owe someone

• money you earn

• money you spend

A career is

• changing occupations every year.

• a series of jobs.

• a lifetime of work in a pathway of interest.

• none of the above

Payroll taxes are....

• money that is added to your paycheck.

• money that is taken out of your paycheck.

• benefits that you receive from your employer.

• perks from having a job.

How is a good way to boost your earning power?

• Education

• Reading and Writing Skills

• Math Skills

• Science Skills

• All of the above

Why do we need to have a job or career?

• sense of purpose in life

• to pay their bills

• stay connected with society

• all of the above

The more years of education that you have, the more likely that you will...

• get paid more.

• get paid less.

• go to school less.

• all of the above.

A bachelor's degree is how many years of college?

• 2 years of college

• 4 years of college

• 5 years of college

• 7 years of college

You can earn an associates degree or attend a trade school that may take 2 years or so.

• True

• False