Adv. Personal Finance Final Exam (Spring 2025)

Last Name

First Name

Date

Class Period

• 1st
• 2nd
• 3rd
• 4th

1. Your filing status on your tax return is based on

• a. your occupation.
• b. your marital status.
• c. your age.
• d. your income.

2. All of the following information would be appropriate for inclusion in a resume except...

• a. educational background, including high school and post-high school institutions attended.
• b. ​personal information, including age, gender, and marital status.
• c. ​additional qualifications or skills, such as proficiency with particular types of software or the ability to speak a foreign language.
• d. ​work experience, including both paid and unpaid jobs.

3. A resume should be as broad or “generic” as possible to fit many possible job opportunities.

• True
• False

4. Allowances are additions to the amount of income tax that must be withheld from your paycheck.

• True
• False

5. In this kind of audit, the IRS sends a letter to the taxpayer, asking him or her to answer specific questions about the tax return.

• a. office audit
• b. correspondence audit
• c. document audit
• d. field audit

6. Rate × Hours Worked =

• a. Overtime Pay.
• b. Net Pay.
• c. Incentive Pay.
• d. Gross Pay.