WorksheetsPersonal Finance Unit 3 Review
Total questions: 20
Worksheet time: 10mins
What does FICA represent on your paycheck?
The amount your paid into Social Security
The amount your employer paid into Social Security
The amount you paid for health insurance
The amount you paid for Federal taxes
Following a business employee for a few days to obtain information about that particular career is an example of
Interviewing
Volunteering
Job Shadowing
An internship
What does "current" mean on your paycheck?
The date of the check
The time period for which you were paid
Your take home pay
Your gross pay
People who work on commission
Have steady, reliable incomes
Get paid once a month
Get paid only when they complete a sale
Get bonuses every year.
Which of the following is NOT part of a compensation package?
401k matching
Health benefits
work from home option
All of these are part of a compensation package
Most people feel that money is the most important reason to choose a job.
True
False
What does it mean if the cost of living index in your city is 120?
It is less expensive than average to live there.
It is more expensive than average to live there.
Only the cost of housing is more in that city.
The cost of housing is less expensive than average.
In-state public schools are always less expensive to attend than private universities.
true
false
How long should you stay at a job to show stability and reliability as an employee?
At least a year
At least 2 years
At least 5 years
It doesn't matter how long you stay if you are a good employee.
In order to be eligible for a company's 401k plan, you must work there for at least 2 years.
True
False
The difference between a salary and a wage is
A salary is based on a yearly amount and a wage is hourly pay
There is no difference
A wage is based on a yearly amount and a salary is hourly
You get overtime if you get a salary
The federal government says you receive overtime if
You are an hourly worker and you work over 50 hours a week.
You are an hourly worker and you work over 35 hours a week.
You are a salaried worker and work over 40 hours a week.
None of these
You make $10 an hour at your job. You worked 5 hours of overtime in this pay period. You will be paid ______ an hour for those 5 hours.
$12.50
$15.00
$20.00
None of these
The purpose of providing perks to your employees is
So you can attract the best talent
So you can keep your employees from leaving to go to other companies
To increase employee morale
All of these
Most Americans do not use all of their vacation days every year.
True
False
Your employer pays the same amount of Medicare and Social Security Tax on your check as you do.
True
False
The type of summer job you have while you are in college will not matter when you graduate and start your career.
True
False
You are allowed to collect unemployment benefits if
You were let go for showing up late too many times
You were let go because crashed the company car but didn't tell anyone.
You were let go because you were the last one hired and the company doesn't need as much help at this time.
All of these
You can collect unemployment
forever until you find another job.
for a year.
for 6 months.
for 4 months.
Which of the following is an example of a work-related expense?
Reduced income by cutting back on hours to attend community college
Paying for a parking garage near work
Switching jobs because you and your spouse moved
All of these
