Quiz #1- Quality of Life & Joining the Workforce

Quality of life is a measure of an individual’s overall well being.

• False

• True

Shaun was able to take 2 paid sick days this month as part of the the amount of paid days he receives from his employer each year.

• Incentives

• Benefits

Christian receives a bonus for having high sales this year.

• Benefits
• Incentives

This is the amount of money received before taxes and deductions are taken out.

• Net pay

• Salary

• Gross pay

• Wage

The formula we just learned to calculate personal net worth. Which of the following is correct?

• Debts - Assets = Personal Net Worth

• None of the Above

• Assets - Debts = Personal Net Worth

• Debts + Assets = Personal Net Worth

The mount of money that is regularly paid to someone for the work that they complete, typically on an hourly or completion basis.

• Wage

• Salary

• Job

Serenity gets $17 that she sees clients at the hair salon she works at. What type of earned income is this?

• Salary

• Wage

De'Andria receives a pay check of $8,000 as a registered nurse at Duke University Hospital. What type of earned income is this?

• Salary

• Wage

Jose wants to become a doctor. He has received some financial aid, but cost of the school is important to him as he knows he will be going to school for a long time, and does not want a lot of debt. However, he wants to live on campus and be near his peers while he studies. Which school is most likely the best choice for him?

• Private College or University

• Community College

• Public College or University

Chelsey wants to obtain her Bachelor’s Degree in Social Work. She currently does not have the ability to pay for the tuition at a public university. However, she thinks she could begin doing some college work and earning college credits at a lower cost while saving to transfer to a public university later. Which school is most likely the best choice for her?

• Private College or University

• Start at Community College and Transfer to Public College or University

• Community College