JA Unit 1: Income Assessment

You 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 lifetme

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 three main types of taxes?

• Income, sales, and property
• Unemployment, sales, and Property
• Federal income, unemployment, and state
• Sales, property, and unemployment

What is Social Security? (see pages 13-16)

• A private insurance system ONLY 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 the government
• Provide public education
• All of the above

What is Medicare?

• An insurance for people over the age of 65

• A place that cares for people over 65

• A place that sells medicine

• All of the above

Which of the following is a type of tax that people with income pay?

• Federal income tax
• Social Security
• Medicare
• All of the above.

The total amount of earning made over a one-year period AFTER all deductions have been taken is known as (see page 13)

• Gross annual income
• Gross monthly income
• Net annual income
• Net monthly income

The total amount of earnings made over a month, BEFORE any deductions, is known as (see page 13)

• Gross annual income
• Gross monthly income
• Net annual income
• Net monthly income