Financial Literacy DBA Module 1

What factors affect an individual's choice of jobs or careers? List, at least, 3 non-income factors.

What factors affect an individual's choice of jobs or careers? List, at least, 3 benefits of getting a bachelor's degree rather than choosing a community college.

Share your ideas on what you are planning to do after finishing school. Mention the type of training you are going to get/ your possible choice of career/ the factors that will affect your choice.

_____ income is the sum of all wages, salaries, profits, interest payments, rents, and other forms of earnings, before any deductions or taxes.

• net

• gross

• full

• complete

_____ income refers to the amount an individual or business makes after deducting costs, allowances and taxes.

• left

• returned

• full

• net

What factors impact the earnings of workers? (name, at least, 4 factors)

• _____ taxes - paid through an intermediary for rights, privileges, or activities.

• progressive

• flat

• indirect

• direct

Income tax is an example of this tax. What is the type of the tax?

• direct

• marginal

• flat

• regressive

• _____ tax rates - the tax percentage that applies to the last dollar of income earned.

• progressive

• common

• full

• marginal

Why do we pay taxes, and what are they for?