Income Assessment

Your abilities include...

• the things you do well

• your mental competence

• the skill you need to do something

• all of the above

Career planning is done...

• after high school

• in college

• throughout a lifetime

• once in a lifetime

Who pays taxes?

• Most people who have a job

• Most people who purchase items

• Most people who own property

• all of the above

What are the 3 main types of taxes?

• Income, sales, and property

• unemployment, sales, and property

• federal income, unemployment

• sales property, unemployment

What is Social Security?

• A private insurance system just for the elderly

• A free insurance system

• The amount of money someone has

• None of the above

The purpose of taxes is to...

• improve roads

• support government

• pay retirement benefits

• all of the above

Who pays into Social Security

• Employees

• Self-employed

• Employers

• 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 know as...

• Gross monthly income

• Gross monthly deductions

• Net annual income

• Net monthly income

Money received on regular basis for work or through investments

• interests

• aptitudes

• income

• values