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WorksheetsJA Finance Park Test Review
Total questions: 15
Worksheet time: 6mins
Name
Class
Date
1.
Your abilities include:
a)
The things you do well
b)
Your mental competence
c)
The skill you need to do something
d)
All of the above
2.
Career planning is done:
a)
After high school
b)
In college
c)
Throughout a lifetime
d)
Once in a lifetime
3.
Who pays taxes?
a)
Most people who have a job
b)
Most people who purchase items
c)
Most people who own property
d)
All of the above
4.
What are the three main types of taxes?
a)
Income, sales, and property
b)
Unemployment, sales, and property
c)
Federal income, unemployment, and state
d)
Sales, property, and unemployment
5.
What is Social Security?
a)
A private insurance system just for the elderly
b)
A free insurance system
c)
The amount of money someone has
d)
None of the above
6.
The purpose of taxes is to:
a)
Improve roads
b)
Support government
c)
Pay retirement benefits
d)
All of the above
7.
Who pays into Social Security?
a)
Employees
b)
Self-employed
c)
Employers
d)
All of the above
8.
The purpose of taxes is to:
a)
Improve roads
b)
Support government
c)
Pay retirement benefits
d)
All of the above
9.
The total amount of earnings made over a one-year period after all deductions have been taken is known as:
a)
Gross annual income
b)
Gross monthly income
c)
Net annual income
d)
Net monthly income
10.
Savings accounts are considered high risk!
a)
True
b)
False
11.
Which of the following is the reason why you invest your money?
a)
Save for retirement
b)
Save for college
c)
Save for a big purchase
d)
All of the above
12.
Investing in Stocks are considered high risk.
a)
True
b)
False
13.
It is a good idea to invest in different types of accounts or diversify.
a)
True
b)
False
14.
When it comes to the stock market, you should buy low and sell high.
a)
True
b)
False
15.
It is free to buy stocks
a)
True
b)
False
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