Test 2: Credit Card and Understanding Paystub

Test 2: Credit Card and Understanding Paystub

12th Grade

15 Qs

quiz-placeholder

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Test 2: Credit Card and Understanding Paystub

Test 2: Credit Card and Understanding Paystub

Assessment

Quiz

Financial Education

12th Grade

Medium

Created by

Alicia Alcindor

Used 3+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Gross pay

Take-home pay
Total amount of money before deductions or taxes
Amount after taxes
Net pay after deductions

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. What is Disposable income 

Disposable income is the amount of money that is spent on non-essential items.
Disposable income is the amount of money that households have available for spending and saving after income taxes have been accounted for.
Disposable income is the total amount of money that a person earns in a year.
Disposable income is the amount of money that businesses have available for spending and saving after income taxes have been accounted for.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Net pay ?

Net pay is the amount of money an employer pays to the employee before taxes are deducted.
Net pay is the total amount of money an employee earns before any deductions are made.
Net pay is the amount of money an employee receives after all deductions have been added to the gross pay.
Net pay is the amount of money an employee takes home after all deductions such as taxes, insurance, and retirement contributions have been subtracted from the gross pay.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Pay Deductions ?

Bonuses added to an employee's paycheck
Amounts subtracted from an employee's paycheck
Health insurance provided by the employer
Overtime pay received by the employee

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Overtime at a job?

A mandatory break after working a certain number of hours
Regular pay for additional hours worked
Additional hours worked beyond the regular working hours, usually compensated at a higher pay rate.
Time off in lieu of extra hours worked

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a Paystub?

A paystub is a type of insurance policy
A paystub is a type of tax form
A paystub is a document provided by an employer to an employee, which outlines the employee's earnings and deductions for a specific pay period.
A paystub is a type of bank account

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Credit?

Credit is the ability to borrow money or access goods or services with the understanding that you'll pay later.
Credit is the ability to borrow money without the obligation to pay it back.
Credit is the ability to access goods or services without the need to pay later.
Credit is the ability to save money for future use.

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