Personal Finance A Exam, 2025

Which one is the amount of money that a person makes on a yearly basis?

• wage

• gross pay

• net pay

• salary

Which one is the amount of money that a person makes per hour?

• wage

• gross pay

• net pay

• salary

Which one is the amount that you make before taxes and deductions?

• wage

• gross pay

• net pay

• salary

Tags

CCSS.6.NS.B.3

Which one is the amount that you make after taxes and deductions are taken out? (This is also known as your take-home pay.)

• wage

• gross pay

• net pay

• salary

What makes someone a gig worker?

• Workers are paid by the federal government.

• Workers decide how much they want to pay in taxes.

• Workers receive free phones and wifi connection.

• Workers complete short-term work on their own schedule.

Jaden is an excellent cook. He is a gig worker for the Cook Your Dinner app. Who pays Jaden’s taxes, insurance, and retirement?

• Each family he cooks for

• The owners of the Cook Your Dinner app

• Jaden has to fund them himself

• The Google and Apple app stores

What is a good thing about having a roommate?

• Your roommate is guaranteed to be very neat.

• You may not have as much privacy or ‘me time.’

• You can split the cost of rent and bills with your roommate.

• You and your roommate will not have any conflict ever.

What is a bad thing about having a roommate?

• Your roommate is guaranteed to be very neat.

• You may not have as much privacy or ‘me time.’

• You can split the cost of rent and utilities.

• Your roommate and you will not have any conflict ever.

Tags

CCSS.RI.8.8

CCSS.RI.7.5

CCSS.RI.7.8

CCSS.RI.8.5

CCSS.RI. 9-10.8

What is one benefit of buying a car instead of leasing?

• You will have a higher monthly payment than a lease

• The car will have better safety ratings

• You’re always protected by a warranty

• You can build up trade-in or resale value

What is one benefit of buying a new car?

• It is cheaper

• There is a warranty.

• You will spend more time in the mechanic.

• You aren’t sure who has owned the car.