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Standard 3-Understand the Principles of Earning-Personal Finance

Total questions: 33

Worksheet time: 11mins

Name
Class
Date
1.

Match skills, abilities, interest and values with a list of specific occupations. Possible related to ones interest.

a)

Career Assessments

b)

Commission

c)

Dependent

2.

Following a career plan to reach your career goal. Veterinary technician to become a veterinarian

a)

Gross Income

b)

Career Pathway

c)

Commission

3.

Losing credits for classes already taken

a)

Career

b)

Industry

c)

Changing Major and or College

4.

Staying at curent job with lower cost of living than job offered. Average cost of basic necessities, housing and food

a)

Cost of Living

b)

Career

c)

Career Cluster

5.

Items not helpful: copies of elementary and middle school report card

a)

Career

b)

College. Training Application Folder

c)

Gross Pay

6.

Recommended that one's educational loan payments require no more that 10-15% of estimated starting income.

a)

Career

b)

Career Cluster

c)

Debt-to-Income Ratio

7.

Company offering gym membership, flexible hours, repayment of education loans, merchandise discounts, and child care

a)

Employee Benefits

b)

Career

c)

Gross Pay

8.

Not a consequence, of being able to attain a marriage license

a)

Job

b)

Defaulting on Student Loan

c)

Net income

9.

Interest rates for Stafford loans tend to be higher because the loans are held for a relatively long period of time.

a)

LifeStyles

b)

Net Income

c)

Direct Subsidized Stafford Loan

10.

Pay directly into checking account at depository institutions for each pay period. Most secure method for employer to pay employees.

a)

Direct Deposit

b)

Career

c)

Occupation

11.

Higher estimated lifetime earnings

a)

Industry

b)

Formal Educational Training

c)

Medicare

12.

Scholarships or any type of student aid determined which type of need-based aid you qualify for.

a)

Career

b)

Gross Pay

c)

Free Application for Federl Student Aid (FAFSA)

13.

One's lifestyle is to their standard of living as present is to:

a)

Future

b)

Life style

c)

Industry

14.

Total pay before payroll deductions. Reviewing pay stub to determine money earned before deductions were subtracted.

a)

Gross Pay

b)

Medicare

c)

Payroll card

15.

Least efffective- playing video games to further develop eye-hand coordination. Staying current and continuing education

a)

Pay Period

b)

Human Capital

c)

Salary

16.

Develop personal goals,complete a career assessment, and research careers.

a)

Cost of Living

b)

Payroll

c)

Informal Career Decision

17.

Common tasks and typical daily activities

a)

Job Shadow

b)

Lifestyles

c)

Salary

18.

"Can I get the education and training I need near where I currently live?"

a)

Salary

b)

Tax Bill

c)

Least Important to consider for a SMART goal.

19.

Will not help maintain employability, seeking to blend personal and professional images online to show a varied and interesting life in both in and outside of work.

a)

Lifelong Employment

b)

Commision

c)

Dependent

20.

Add deduction and subtract from gross pay. Gross income - deduction =

a)

Payroll Card

b)

Career

c)

Net Pay

21.

The money one would have earned if she/he had worked instead of continuing her/his education

a)

Opportunity Cost

b)

Employment

c)

Transferable Skills

22.

Employee benefit employer provides

a)

Salary

b)

Paid ick leave

c)

Net Income

23.

Federal and state income tax, (FICA) social security and medicare deductions are all required.

a)

Paycheck deductions

b)

Salary

c)

Taxes

24.

Regular schedule that employers use to pay employees

a)

Pay Period

b)

Workers Compensation

c)

Cost of Living

25.

Will need to pay federal and state taxes from your pay

a)

Dependent

b)

Total Tax Bill

c)

Paying with cash instead of payroll check

26.

Ways to receive money tou will not have to repay

a)

Dependent

b)

Salary

c)

Pell Grants, Work Study, and Scholarships

27.

True statement: Regarding college level expectations for studying and completeing projects

a)

Plan Backwards from Major Deadlines

b)

Dependent

c)

Career

28.

Courses will not count toward degree, and tution is not charged, this is not a true statement

a)

Remediation in Math

b)

Dependent

c)

Career

29.

Most people have several careers throughout their lifetime - Not true

a)

Sevearl Career Changes

b)

Career

c)

Dependent

30.

Education pays in higher earnings and lower unemployment rates

a)

Thesis Statement

b)

Career Cluster

c)

Dependent

31.

Versatile skills that can apply to personal roles. Used in your job that acquired through past jobs. volunteering, hobbies, school sports or other life experiences

a)

Transferable Skills

b)

CAREER Cluster

c)

Salary

32.

Many careers would support your well -being. Career exploration allows you to find the one that pays the most so your well-being is enhanced to the highest deree. Not true

a)

Value of Career Search

b)

Salary

c)

Standard of Living

33.

Versatile skills that are applied to personal and professional roles

a)

Transferable Skills

b)

Social Security

c)

Career