Retirement Unit Quiz

Retirement Unit Quiz

12th Grade

20 Qs

quiz-placeholder

Similar activities

polygons and areas Quiz

polygons and areas Quiz

8th - 12th Grade

20 Qs

Types of Numbers: 2N

Types of Numbers: 2N

12th Grade

20 Qs

basic dif

basic dif

12th Grade

16 Qs

AP Statistics Vocabulary Quiz Chapters 1,2,3

AP Statistics Vocabulary Quiz Chapters 1,2,3

12th Grade

20 Qs

Midterm review -2022

Midterm review -2022

7th Grade - University

23 Qs

LFH - Math

LFH - Math

9th - 12th Grade

20 Qs

untitled

untitled

7th Grade - University

19 Qs

Bell Work 1/30

Bell Work 1/30

7th Grade - University

16 Qs

Retirement Unit Quiz

Retirement Unit Quiz

Assessment

Quiz

Mathematics

12th Grade

Medium

Created by

Janet Lathrop

Used 7+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Tax-deferred means...

You do not have to pay income tax on the money until you begin to withdraw it at retirement

You pay income tax on the retirement contributions when you deposit them

You are never required to pay taxes on your contributions.

Your employer pays the taxes on your contribution.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is considered to be "retirement" age, when it is acceptable to begin taking IRA distributions without penalty?

50

59 1/2

65

70 1/2

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the maximum amount you are allowed to contribute to your IRA each year if you are 45 years old?

$4000

$6500

$7500

$8000

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

At what age are you required to begin taking distributions from your Roth IRA?

65

59 1/2

70 1/2

Never

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you leave a company before the required minimum of years to retain your pension, what happens to the money?

You receive 1/2 of it when you leave the company

You receive 1/3 of it when you leave the company

You receive all of the money and can roll it into your new retirement plan

You don't receive any of the money

6.

DRAG AND DROP QUESTION

1 min • 1 pt

What type of employers usually offer pension plans for employees? (a)  

Government Agencies
Fast Food Restaurants
Small Start-ups
Private Schools

7.

DROPDOWN QUESTION

1 min • 1 pt

Which of these accounts will NOT change if you switch jobs? (a)  

IRA
401K
Pension
Mutual Fund

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?