
Owens Income Pretest
Quiz
•
Business
•
10th Grade
•
Practice Problem
•
Hard
Mark Owens
Used 5+ times
FREE Resource
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20 questions
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1.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
Which of the following is an employee benefit that an employer may provide?
Retirement benefits
Tuition reimbursement
Vacation and sick days
All of the above
2.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
Which one of the following could NOT be called income?
.Interest paid on a loan
Interest received from a savings account
A paycheck
An allowance
3.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
Which of the following is NOT usually an employee benefit that an employer may provide the employee?
Clothes
Vacation and sick days
Insurance
Employee discounts
4.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
What is income?
Money spent
Money earned
Money saved
Money invested
5.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
Take-home pay is also called:
Disposable income
Fixed income
Net income
Gross income
6.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
What is a 401(K) plan?
A portion of salary deducted from net pay and placed in a special account.
Money set aside to pay medical expenses not covered by insurance.
A portion of salary deducted from gross pay and placed in a special account.
A plan that specifies benefits to be received at retirement age, based on total earnings and years of work.
7.
MULTIPLE CHOICE QUESTION
3 mins • 5 pts
Carmen earns $625 per month in net income. She shares living expenses with a roommate. Her expenses are: food, $175/month; rent, $150/month; utilities, $35/month; and transportation, $20/month. How much does Carmen have left each month to save and spend on other items, based on her monthly net income?
$380
$190
$215
$245
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