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WorksheetsCareers Exploration
Total questions: 40
Worksheet time: 20mins
Which of the following statements is NOT true?
Most people have several careers throughout their lifetime.
Jobs are paid positions.
People can develop human capital in a variety of ways.
Transferable skills can be applied to many personal and professional roles.
Jose has been challenged by his academic adviser to ‘develop some human capital’ this school year. Which
activity below would be the LEAST effective way to reach that goal?
Spend additional time playing video games to further develop his eye‐hand coordination.
Volunteer to pick up trash along the roadsides.
Attend a workshop on a topic he has little knowledge of.
Ask his employer if there are any new tasks at work that he might be assigned.
One’s Lifestyle is to their Standard of Living as present is to?
Past
Recent
Future
Gift
Miranda is working to develop a broad base of transferable skills. This means that she:
Needs to maintain at least a part time job during the school year.
Use her available hours outside of school for paid employment rather than volunteering.
Will not have as much time to develop her human capital.
Will have a set of versatile skills that she can apply to many personal and professional roles.
Eric is writing a paper on the importance of investing in yourself and he is looking for a sentence to use as
the thesis statement for his paper. Which sentence below would be the best choice?
Completing your college degree is the best way to prepare for a career.
Education pays in higher earnings and lower unemployment rates.
Human capital and transferable skills result from formal training.
Investing in yourself too early can lead to a lower standard of living.
An example of a transferable skill is a skill:
used in your job that you acquired through past jobs, volunteering, hobbies, school sports, or
other life experiences.
that can only be used in an individual’s job or career.
that each employer requires you to learn.
that is learned at one job and is required at other jobs as well.
Lora is a high school computer and technology teacher. She enrolls in a computer class at least twice per
year to stay current on recent technology changes and updates. By continuing her education, Lora is
investing in her:
Salary
Human Capital
Family
Interest Inventory
Individuals with more formal educational training usually have:
higher estimated lifetime earnings
lower personal satisfaction
greater amounts of leisure time
more comfortable work environments.
Zoe has been assigned by her school counselor to complete a career assessment. Which statement BEST
describes why her counselor has suggested she do this?
Her counselor wants Zoe to find a career that will provide a high level of income to support Zoe’s
lifestyle and well‐being.
Her counselor wants Zoe to match her skills, abilities, interests and values with a list of specific
occupations.
Her counselor wants Zoe to conduct interviews with people in her area of interest to determine if
she truly enjoys the career she wants to prepare for.
Her counselor wants Zoe to search for a career that will allow occupational flexibility and provide
for possible career advancement as she gains more experience working in her selected career.
Joanna has arranged to complete a job shadow with a physical therapist to decide if this is a career she
wants to pursue. Which of her concerns is she MOST LIKELY to have answered as a result of her job
shadow?
The future outlook for physical therapy jobs
The amount of money physical therapists earn
Common tasks and typical daily activities
Opportunities for advancement in the career
Which statement WOULD NOT be true about the value of career research?
Everyone values different aspects of an occupation. One might value the flexible schedule, particular job offers and others might care about the amount of training required for the career.
Current job availability and the outlook for future employment are as essential to consider as
the skills you have, interest and abilities to pursue a particular career.
Opinions from different people working in the occupation should be considered before ruling out
a particular career.
Many careers can support your well‐being. Career exploration allows you to find the one that best suits your needs and educational degree.
Career assessments help to identify:
the job an individual should have if he/she wants high well‐being
positions available in a particular occupation
fastest and slowest growing careers in a particular occupation
possible career areas related to one’s interests
In order to make an informed career decision, a high school student will want to:
commit to a profession that requires a college degree
choose a career that offers the amount of money desired
develop personal goals, complete a career assessment, and research careers
choose a training program that will guarantee employment after the course work is completed
As Jonah plans for his future, his family has challenged him to create a SMART goal for his career
education and training. Which question is the LEAST IMPORTANT one to consider at this point?
What kind of training and education do I need and how much will it cost?
Is there a career pathway available if I continue my education and training?
Can I get the education and training I need near where I currently live?
Will a job be available and will I earn enough in my career to pay for the education and training it
requires?
Mallory has set a career goal of becoming a veterinarian but does not have the money to complete this
goal without taking out very large student loans. She decides to attend a 2‐year program to become a
veterinary technician, and then work for 3 years in that field while saving money for her remaining 2 years
of college and veterinary school. Mallory’s plan is known as a/an:
Career Pathway
Opportunity cost
Debt to income ratio
SMART Goal
The _________________ of continuing your education is the money you would have earned if you have
worked instead.
Debt to income ratio
Opportunity Cost
Benefit
Total Estimated Cost
It is recommended that your educational loan payments require no more than 10‐15% of your estimated
starting income. To calculate this amount, students need to calculate the _________ of their education
and training.
Opportunity cost
Career Pathway
Benefit
Debt to income ratio
Which statement is TRUE regarding college‐level expectations for studying and completing projects?
It is best to study alone in a quiet environment.
Plan backwards from major deadlines.
Multi‐tasking during study time develops the important skill of working while being distracted, so it is okay to message with friends or watch TV while studying.
The busier your schedule gets, the more important it is to write down only the most critical tasks to be done. This helps to avoid wasting time.
When Charles received his college placement test results, he is informed that he will need remediation in
math. Which situation IS NOT TRUE of Charles’ situation?
Charles will need to take at least one course because he is not college‐ready.
Since the remedial courses Charles must take will not count toward his degree, he needs to take the courses but tuition is not charged.
Charles should have taken a placement test earlier in high school so he could strengthen his academic skills before heading for college.
Remediation courses do not count toward his degree program so he may need to take extra credits and his college degree may take longer to complete.
All of the following are good ways to minimize the risk of wanting to change college majors or even switch
schools except:
Meet with a guidance counselor or an academic adviser at your school
Talk with your friends to see what classes are the easiest to pass
Be a long‐term planner
Choose a program and school that matches your interests
Erin has been in college for 2 years and has decided that the major she has been studying isn’t for her. Changing her major and/or her college could result in:
a well‐rounded college degree.
the need for backwards planning.
possibility losing credits for classes she has already taken.
remediation courses to make up for the change in majors.
David plans to apply for college in 2 years. His guidance counselor suggested that he begin adding items to a ‘college/training application’ folder. Which items WOULD NOT be helpful as additions to this folder?
Copies of awards and achievements he earns
A list of all the extracurricular activities he gets involved in
A résumé of all community service and volunteer work he is actively involved in
Copies of his elementary and middle school report cards
Sean plans to attend college in 2 years. He and his family have saved some money to help pay for it but he want to explore ways he can receive money he WON’T need to repay. Which set of options below should
he explore?
Federal Perkins Loans, PLUS and local bank loans
Federal Student Grants, PLUS Loans, and scholarships
Pell Grants, Work‐study, and scholarships
Work‐study, scholarships and PLUS Loans
Direct Subsidized Stafford Loans offer some features that are different when compared to borrowing money from a bank to pay for college. Which of the following is NOT difference between of a Direct Subsidized Stafford Loan and a typical bank loan?
Interest rates for Stafford loans tend to be higher because the loans are held for a relatively long
period of time.
Stafford Loans have deferment options.
Stafford Loans typically have a grace period.
Student families must complete a FAFSA (Free Application For Federal Student Aid) in order to apply for a Stafford Loan.
Carson’s family has always struggled financially due to his parents’ leaving high school before graduating and working lower paying jobs to support the family. His parents don’t want him to make the same mistake and are encouraging him to apply for scholarships and any type of student aid he might qualify for. Which application will determine which typed of need‐based aid he will qualify for?
Perkins Federal Loan Application
Direct Subsidized Stafford Loan Application
Federal Work Study Application
Free Application for Federal Student Aid (FAFSA)
Jaimen is struggling to make his student loan payments after college. He is considering defaulting on the student loan. Which is not a potential consequence if he decides to default on the student loan?
He could be denied credit cards, car or home loans, or apartment leases.
The bank could refuse to allow him to open a checking account.
He may not be able to obtain a marriage license.
His wages may be garnished.
Sarah learned in her Financial Education class that she needs to consider the Cost of Living when comparing job offers. Which statement most accurately describes a Cost of Living consideration?
How much she will spend in moving expenses to re‐locate to the city where her new job is.
The average cost of basic necessities, such as housing and food in the city where her new job is.
The total value of the benefits package she will be offered in her new job.
The total amount of her college costs compared to the salary she is being offered in her new job.
The average cost of basic necessities, such as housing and food for a particular city is call the:
Standard of Living
Lifestyle
Cost of Living
Economy of Living
Steven is considering taking a job with a company that is offering gym memberships, flexible hours, repayment of education loans, merchandise discounts, and childcare. These components of the job offer
are called:
employee benefits
job perks
work incentives
competitive hiring practices
To be considered for lifelong employment a person must continually maintain their employ ability. Three
actions below will help to maintain employ ability. Which one WILL NOT?
Maintain high standards in honesty, reliability, and punctuality
Adjust your actions to be appropriate for different situations you find yourself in, because you realize that what is appropriate in social situations is not necessarily appropriate in the work environment.
Continue to learn by taking classes and striving for continual improvement on the job.
Seek ways to blend your personal and professional images online to enable current and future employers to see that you have a varied and interesting life both in and outside of work.
Susan is currently working in Kansas City, MO earning $30,000 per year. She is offered a position in Indianapolis, IN earning $32,000 per year. If Kansas City’s Cost of Living Index is 100 and Indianapolis’ Cost of Living Index is 125, which is true?
Susan will have more spending power if she moves to Indianapolis.
Susan will have more spending power if she stays in Kansas City
Susan will have the same spending power in Indianapolis as she has in Kansas City.
There is not enough information to decide.
Jamie has elected to be paid by direct deposit at her new job. This means _____.
She will receive her paycheck mailed directly to her each pay period.
She will receive her pay directly into her checking account at her depository institution for each pay period.
She will receive her pay automatically loaded onto her payroll card at the end of each pay period.
She will receive her paycheck delivered directly to her at her place of employment at the end of each pay period.
Gross income – deductions =?
Social Security
Medicare
net income
employee benefits
Shannon is reviewing her pay stub to determine how much money she earned before her deductions were subtracted. Which column should she check to find this amount?
Net Income
Hours and Earnings
Employer Contributions
Gross Income
The most secure method for an employer to pay employees is to use:
direct deposit
payroll card
printed paycheck
in-store credit
Hunter has been offered a job by a local mechanic who has offered to pay him in cash rather than by paper paycheck, direct deposit, or payroll card. Hunter is excited that the amount of money he will take home each week will be larger since his employer won’t be deducting any taxes from it. His employer wants to hire him for the 10 weeks of his summer break and expects to pay him $300 per week. Which statement below is most likely to be true?
Hunter will not need to pay taxes on the income from his summer job because the total amount he will earn is under the amount required for federal tax deductions.
It is illegal for Hunter to receive payment for his work in cash. He could be fined for doing so.
Hunter will need to pay his federal and state taxes on his own since his employer is not paying these required taxes for him.
Hunter’s employer is doing him a favor by offering to pay him in cash. Hunter will potentially earn more by this method of payment.
The regular schedule that employers pay their employees is called the __________.
worker’s compensation
pay period
employee benefits
employer contributions
Ally learned in her Personal Finance class that some paycheck deductions are required and others are optional. She is checking over her pay stub and sees several deductions. Which of the following would be TRUE?
Federal Income Tax, State Income Tax, Social Security and Medicare deductions are all required deductions.
Federal Income Tax, State Income Tax, Workers Compensation, and Life Insurance are all required deductions.
Social Security, Medicare, Life Insurance, and Health Insurance are all required deductions.
Social Security, Medicare, Federal Income Tax, and Workers Compensation are all required deductions.
Bob is working for a bank. He earns $8.00 an hour, works 40 hours a week, and gets paid every 2 weeks. Every pay period he pays $63.08 into federal withholdings tax, $33.21 into state withholdings tax, and $42.05 into FICA.
What is Bob's gross pay on his paycheck?
$501.66
$320.00
$576.92
$640.00
Bob is working for a bank. He earns $8.00 an hour, works 40 hours a week, and gets paid every 2 weeks. Every pay
period he pays $63.08 into federal withholding's tax, $33.21 into state withholding's tax, and $42.05 into FICA.
What is Bob's net pay on his paycheck?
$501.66
$363.32
$576.92
$640.00
