Unit 2: Income and Career Review

What is the primary purpose of having insurance?

• To increase your income

• To protect against financial loss

• To avoid paying taxes

• To save money for retirement

Which of the following is NOT a type of insurance?

• Mortgage insurance

• Health insurance

• Car insurance

• Rental insurance

What is a common step towards expressing interest in a job?

• Submitting a Letter of Recommendation

• Providing a list of achievements

• Sending in a Resume and Cover Letter

• Writing a poem

What Tax document is completed on your first day of work?

• 1099 Form

• W-4 form

• I-9 Form

• W-2 form

Which of the following is a mandatory deduction from your paycheck?

• Medicaid

• Retirement Contributions

• Municipal Tax

• Social Security

Which type of insurance is specifically designed to cover medical expenses?

• Auto insurance

• Life insurance

• Health insurance

• Homeowners insurance

Which form is used to determine the amount of federal income tax to withhold from your paycheck?

• W-2 form

• I-9 form

• W-4 form

• 1099 form

Which document verifies your eligibility to work in the United States?

• W-2 form

• I-9 form

• W-4 form

• 1099 form

What is a deductible in an insurance policy?

• The amount you pay for insurance coverage

• The amount the insurance company pays for a claim

• The amount you pay out of pocket before insurance covers the rest

• The amount you receive as a refund

What is the main purpose of a job application?

• To provide a detailed work history

• To express interest in a position

• To negotiate salary and benefits

• To list personal references