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WorksheetsIncome and Careers
Total questions: 15
Worksheet time: 4hrs 45mins
Ariel wants to compare the salaries for positions she was offered at two companies. What should she consider in this process?
Check three that apply.
She should research the cost of living of different locations to compare against the offered salaries.
She should research the benefits included in each offer.
She should research the average salary of similar positions to see if the offers are fair.
She should take the position that offers the largest salary.
She should take the position that has the lowest cost of living.
Natalie’s income statement for the month of October is shown.
What is Natalie’s net income for the month of October?
$930.00
$980.00
$1,930.00
$1,980.00
Which factors positively affect lifetime income?
Check four that apply.
post-secondary education
employee benefits
salary
vocational training throughout career
high cost of living
What is the job outlook for a US postal worker?
The career is growing and will provide more opportunities over time.
The career is growing and will provide fewer opportunities over time.
The career is shrinking and will provide more opportunities over time.
The career is shrinking and will provide fewer opportunities over time.
Mariana wants to research a career in veterinary medicine. Where could she find accurate and objective information?
Check three that apply.
She could speak with a career counselor.
She could visit the library and check out a book from the career section about veterinarians.
She could visit the library and check out a book from the fiction section with a veterinarian in it.
She could visit the online site for the US Bureau of Labor and Statistics.
She could visit a personal blog site written by a veterinarian.
Which statement best describes lifetime income?
the total salary for all the years worked
the total salary and retirement benefits for all the years worked
the total salary and value of insurance benefits for all the years worked
the total cost of college classes and vocational training divided by the total years worked
Quincy listed his assets and liabilities.Which are Quincy’s assets? Select three choices.
cash
rent
stocks
jewelry
student loan
Which are shown on a balance sheet?
Select three choices.
assets
liabilities
age
time period
date of birth
Lauren is trying to find her net income. She used the statement and the steps shown.
Step 1: List all income, including tips and commissions, and list all expenses, including food, entertainment, and clothing.
Step 2: Total all the income. Then total all the expenses.
Step 3: Add the total of the income and the expenses.
Lauren made an error in step 1 because she should not include tips and commissions in her income.
Lauren made an error in step 1 because she should not include entertainment in her expenses.
Lauren made an error in step 2 because she does not need to total the expenses.
Lauren made an error in step 3 because she should have subtracted the expenses from the income.
This table compares the requirements for a career as an athletic trainer or an air traffic controller. A student who is interested in becoming an air traffic controller will make
more money than an athletic trainer but will have a harder time finding a job.
more money than an athletic trainer and will have an easier time finding a job.
less money than an athletic trainer but will have an easier time finding a job.
less money than an athletic trainer and will have a harder time finding a job.
Which describes a set amount of pay received by a worker over the course of a year?
tuition
expense
salary
hourly wage
What is one difference between a vocational school and on-the-job training?
A vocational school degree takes one year to earn. On-the-job training takes two or more years.
A vocational school degree takes weeks or months to earn. On-the-job training takes two years or fewer.
A vocational school is usually paid for by the worker. On-the-job training is usually paid for by the employer.
A vocational school is usually paid for by the employer. On-the-job training is usually paid for by the worker.
Yasmine plans to attend a four-year public university. She expects she will need to contribute $9,000 annually to her education. Which savings plan will help Yasmine save enough money to pay for one year of school, regardless of whether or not interest is earned on her savings?
$600 per month for 1 year
$350 per month for 2 years
$225 per month for 3 years
$200 per month for 4 years
The Lopez family is putting $275 monthly into a savings account for Verona’s college education. The family anticipates they will need to contribute $10,000 toward her first year of college, which is in 3 years. Which best explains whether or not the family can expect to have enough money after saving for 3 years ? Assume the savings account accrues interest
The family will not have enough money. They will have saved only $8,250.
The family will not have enough money. They will have saved only $9,900.
The family will likely have enough money. They will have saved $8,250 and have accumulated interest.
The family will likely have enough money. They will have saved $9,900 and have accumulated interest.
This year, the annual tuition at a public four-year university is $5,290. Next year when Jarrod attends his first year, the tuition is expected to increase 4.5%. Jarrod has 1 year to save the amount of money equal to the tuition for his first year. What is the approximate minimum amount Jarrod should save monthly?
$441
$461
$553
$639
