
Financial Literacy Final Exam Study Guide
Authored by OLIVIA LI
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33 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the future, the cost of things you buy doubles. How much will you be able to buy in the future in comparison to today?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the future, the cost of things you buy doubles AND your salary doubles. How much will you be able to buy in the future in comparison to today?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A friend from college is thinking about applying to the same company where you work. She asks you for information about the business’s compensation package. She is asking about…
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which best describes future earnings potential?
Comparison of entry-level and median salaries in the field
The global workforce size in his chosen field
The number of local colleges offering relevant courses
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which statement below best describes the difference between gross income and net income?
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which form do you need to complete and submit to the IRS to file taxes?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
At the federal level, how are income taxes determined?
Equal for everybody
based on income brackets
they're optional
only for households earning over $40k
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