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JLF Exit Ticket

Total questions: 10

Worksheet time: 19mins

Name
Class
Date
1.

Which is more?

a)

Gross Pay

b)

Net Pay

c)

FICA Pay

d)

Direct Pay

2.

________ is the total assets minus total liabilities of an individual or entity.

a)

Net Pay

b)

Net Value

c)

Equal Pay

d)

Net Worth

e)

All of the above

3.

Today, I paid my summer time helpers. Jake, who is 16, Fred who is 14, Bravo, who is 18 all were paid $1500 for 3 weeks worth of work. Which check will reflect the most in the "net pay"?

a)

Jake and Bravo

b)

Bravo and Fred

c)

Fred and Jake

d)

Bravo and Jake

e)

All got equal pay

4.

Often expressed as a percentage, what term represents the approximate yearly cost of borrowing money from a financial institution?

a)

Interest Rate

b)

Annual Percentage Rate

c)

Annual Payment

d)

Borrowing money

5.

I am planning ahead! Who am I?

a)

Making Moves

b)

Pro-Active

c)

Re-Active

d)

I am about to get LAZZZY

6.

Once I start my business, I will need this

a)

Business bank account

b)

Motorcycle

c)

5 Credit Cards

d)

5 Cars

7.

What is code switching?

a)

a type of language that consists of words and phrases that are regarded as very informal, are more common in speech than writing, and are typically restricted to a particular context or group of people.

b)

a name for a non standard, non-traditionally spoken or alternatively-written version of the English language.

c)

the practice of alternating between two or more languages or varieties of language in conversation.

d)

stable natural language that develops from the simplifying and mixing of different languages into a new one within

8.

It is important to budget and plan ahead

a)

True

b)

False

c)

Maybe

d)

Maybe so

9.

What credit card score is based off of:

a)

FICO Score

b)

FICA Score

c)

How much money I have in my bank account

d)

How much money I want to borrow

10.

I love Instagram !!!! So follow me @LRNFinancial

a)

Yes

b)

No