Intro to Finance Chapter 3

Intro to Finance Chapter 3

9th - 12th Grade

54 Qs

quiz-placeholder

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Intro to Finance Chapter 3

Intro to Finance Chapter 3

Assessment

Quiz

Other

9th - 12th Grade

Practice Problem

Medium

Created by

Lora Chapman

Used 3+ times

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54 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you regularly receive more than $30 in tips per month, the federal rules allow for a minimum wage of _____ per hour.

$3.25

$7.13

$7.25

$2.13

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

To increase your investment income, you should do which of the following?

buying assets that have the potential to go up in value

holding assets over the long term

letting the power of compounding generate unearned income

All are correct

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a benefit under the Social Security program?

retirement benefits

disability benefits

family benefits for children under the age of 18 if you die

All are correct

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following provides money to low-income household to purchase food?

TANF

SNAP

Medicare

Medicaid

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following refers to being responsible for paying all liabilities a business incurs?

unlimited liability

self-employed

limited liability

bankruptcy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following refers to a legal structure that is separate from the the owners of the business?

limited partnership

sole proprietor

corporation

general partnership

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is what employers pay for an employee to complete a task?

income

wage

earnings

salary

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