Money Skills A STUDY GUIDE

Which of the following are types of people you can list as references on your job application and resume?

• Teachers

• Family members

• Friends

• boyfriends/girlfriends

What contact information should you include on your resume? (Name at least 3 things)

• Phone number, email, home address

• Name, favorite color, email address

• Name, phone number, social media handle

• Name, email address, hobbies

What are the 3 methods of paying an employee?

• Direct deposit, check, and payroll card

• Credit card, PayPal, and cryptocurrency

• Gift cards, vouchers, and barter

• Stocks, bonds, and mutual funds

What form has to be completed when you start a job?

• W-2 form

• W-4 form

• Social security number

• Address form

What is the equation for calculating gross income?

• Hourly Rate x hours worked = gross income

• Net pay - deductions = gross income

What is the equation for calculating net income?

• Deductions - gross pay = net income

• Gross pay - deductions = net income

True/False: Gross income is the amount of money you take home after taxes have been deducted.

• True

• False

About how frequently does Hope receive a paycheck?

• Daily

• Weekly

• Every two weeks

• Monthly

Assuming that Hope receives a paycheck at regular intervals similar to the stub shown, how many pay periods has Hope had year-to-date (YTD)?

• 2

• 3

• 8

• 9

What was the largest deduction for this pay period?

• FICA Medicare Tax

• FICA Social Security Tax

• Federal Tax

• NC State Tax