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Worksheets

Personal Finance Lifelong Employment and Getting Paid

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

Employee benefits can be valuable extras offered beyond wages. Match the employee benefit with the correct example.

Health, life, or disability

a)

Insurance

b)

Retirement

c)

Flexible spending account

d)

Personal leave

e)

Flexible scheduling

2.

Employee benefits can be valuable extras offered beyond wages. Match the employee benefit with the correct example.

Matching funds the employee contributes to a retirement account up to a limit

a)

Insurance

b)

Retirement

c)

Flexible spending account

d)

Personal leave

e)

Flexible scheduling

3.

Employee benefits can be valuable extras offered beyond wages. Match the employee benefit with the correct example.

A pre‐tax account used to pay for designated expenses, such as medical expenses

a)

Insurance

b)

Retirement

c)

Flexible spending account

d)

Personal leave

e)

Flexible scheduling

4.

Employee benefits can be valuable extras offered beyond wages. Match the employee benefit with the correct example.

Paid or unpaid days to use as the employee desires

a)

Insurance

b)

Retirement

c)

Flexible spending account

d)

Personal leave

e)

Flexible scheduling

5.

Employee benefits can be valuable extras offered beyond wages. Match the employee benefit with the correct example.

working from home or working a modified schedule

a)

Insurance

b)

Retirement

c)

Flexible spending account

d)

Personal leave

e)

Flexible scheduling

6.

Employee benefits can be valuable extras offered beyond wages. Match the employee benefit with the correct example.

Paid tuition to take college courses

a)

Insurance

b)

Wellness

c)

Formal training

d)

Personal leave

e)

Flexible scheduling

7.

Employee benefits can be valuable extras offered beyond wages. Match the employee benefit with the correct example.

Discounted gym membership

a)

Insurance

b)

Wellness

c)

Formal training

d)

Personal leave

e)

Flexible scheduling

8.

Max has applied for a new job and thinks it would be a good fit based on the job description he read online. Which of the following questions should he ask during the interview and consider if he is offered the job? (check all that apply)

a)

What are the job responsibilities?

b)

Where is the job located?

c)

What is the schedule?

d)

Are there benefits offered?

e)

Did I get the job?

9.

Alexis found job postings online in two different cities. Before applying for either, she used a cost of living calculator to determine the equivalent salaries in both locations. Why is this an important step in an employment search?

a)

Cost of Living affects spending power

b)

Cost of Living determines how many shoes she will be able to purchase

10.

What are three things you can do today to help create employment opportunities for yourself in the future? (check all that apply)

a)

Know and meet your employers expectations and Strive for constant improvement

b)

Be a Lifelong Learner and Portray a Professional Image

c)

Adjust to different situations and Maintain high ethical standards

d)

Talk about politics and show up late to meetings.

11.

It is not uncommon for prospective employers to check social media sites before offering a job to an applicant.

a)

True

b)

False

12.

Employees who continually update their skills and knowledge are generally regarded as more employable to employers.

a)

True

b)

False

13.

A person’s personal life is separate from, and therefore cannot impact, a person’s professional life and employment.

a)

True

b)

False

14.

To be held in the highest regard as a potential (and current) employee, online postings should contain proper grammar, spelling and writing.

a)

True

b)

False

15.

In the last pay period, Joe worked 80 hours earning $12 per hour. What is Joe's Gross Pay

a)

$980.00

b)

$754.56

c)

$960.00

d)

$566.74

16.

How do you determine Gross Pay?

a)

Number of Hours Worked x Hourly wages

b)

Hourly Wages x Net Pay

c)

Number of Hours Worked x Number of Days worked

d)

Number of Hours Worked ÷ Hourly Wages

17.

What is Joe's Social Security Deduction if it is 6.2% of his gross pay of $960.00?

a)

$59.52

b)

$595.20

18.

What is Joe's Medicare Deduction if it is 1.45% of his gross pay of $960.00?

a)

$139.20

b)

$13.92

19.

In the last pay period, Joe worked 80 hours earning $12 per hour. What is Joe's Net pay if he paid $59.52 in Social Security, $13.92 in Medicare, $46 Federal Income Tax, $21 State Income Tax, and $65 employee benefits?

a)

$980.00

b)

$754.56

c)

$960.00

d)

$566.74

20.

Edwin has a $60,000 annual salary and is paid monthly. What is Edwin’s monthly gross pay?

a)

$5000.00

b)

$6000.00

c)

$5600.00

d)

$6500.00