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Worksheets

Retiro

Total questions: 11

Worksheet time: 7mins

Name
Class
Date
1.

If you earn $2,000 a month, how many minimum wages you will have vis-a-vis the IMSS?

a)

.65

b)

.85

c)

1.15

d)

1.30

2.

The employer´s total payment for retirement is...

a)

6%

b)

5.15%

c)

2%

d)

1.5%

3.

An employee´s total retirement savings per month equals to ___________ of his monthly salary...

a)

2.15%

b)

4%

c)

5%

d)

6.5%

4.

In Mexico a person has to work until ___________ to retire.

a)

72 years

b)

65 years

c)

59 years

d)

54 years

5.

At each stage a person has a different savings plan call...

a)

SIEFORE

b)

AFORE

c)

IMSS

d)

Social quota

6.

If an employee saves to get $10,000 at age of retirement he must consider.....

a)

The interest earn every year

b)

The monthly amount saved

c)

The estimated inflation

d)

All of the above

7.

A siefore is the type of investment that changes every ten years based on ______________.

a)

Amount saved

b)

Age of the worker

c)

Stock market risk

d)

All of the above

8.

If you plan to have $10,000 today when you retire you MUST update the number based on ________

a)

Life preferences

b)

Inflation rate

c)

Incomes

d)

Number of children they have

9.

$1 peso of 2020, will be worth _______________ when you retire in 2067. (Historical inflation in Mexico is 5% per year)

a)

$1

b)

$4.95

c)

$9.90

d)

$12.23

10.

The type of company that holds retirements is a__________

a)

SIEFORE

b)

AFORE

c)

Investment bank

d)

IMSS

11.

If the government quota for a person making $2,000 is $3,870. How much would a person making $4,000 get?

a)

$6,400

b)

$4,000

c)

$3,870

d)

$3,750