JA Unit 1 Income Assessment

Your abilities include...

• Your mental competency

• Things you do well

• The skill you need to do something

• None of the above

Career planning is done.....

• After highschool

• In college

• Throughout a lifetime

• Once in a liftime

Who pays taxes?

• Most people who purchase items

• Most people who have a job

• Most people who own property

• All of the above.

What are the 3 main types of taxes?

• Unemployment, sales, and property

• Federal income, unemployment, state

• Income, sales, and property

• Sales, property and unemployment

What is Social Security?

• A private insurance system just for the elderly

• The amount of money someone has

• A free insurance system

• None on the above

The purpose of taxes is to

• Improve roads

• Pay retirement benefits

• Support government

• All of the above

Who pays social security?

• Employers

• Self-employed

• Employees

• All of the above

Federal, Social Security, and Medicare are all types of taxes.

• True

• False

The total amount of earnings made over a one year period after all deductions have been taken is known as....

• Gross monthly income

• Gross annual income

• Net monthly income

• Net annual income

The total amount of earnings made over a month, before any deductions, is known as...

• Gross annual income

• Gross monthly income

• Net annual income

• Net monthly income