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College, Careers and Taxes

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

As a general rule, one should keep your student loan under ....?

a)

100,000

b)

You first years salary.

c)

Lower than your friends.

2.

What are 3 things that the FAFSA determines your eligibility for?

a)

admission, loans, scholarships

b)

loans, scholarships, grants

c)

admission, programs, certificate

d)

diploma, certificate, admission

3.

Federal income taxes, state income taxes, and Social Security withholdings are all ________.

a)

payroll taxes

b)

real estate taxes

c)

capital taxes

d)

sales taxes

4.

What is the man's name the developed the resources we use in this class?

a)

Bill Lee

b)

Greg Clay

c)

Dave Ramsey

5.

You would use a 1040 to ________.

a)

pay sales taxes

b)

receive an estimated tax payment

c)

file a tax return

6.

The deadline for filing your federal tax return each year is ________.

a)

December 25

b)

July 4

c)

January 1

d)

April 15

7.

Which of the following is the best way to start the process of finding a career path that you will find satisfying?

a)

listing your interests and activities you enjoy

b)

choosing a career in a growing field

c)

deciding what level of education you want to pursue

8.

Employee Withholding Certificate that is filled out when you are first hired so your employer can withhold taxes from your paycheck.

a)

W-2

b)

1099

c)

W-4

9.

How long does it normally take to obtain an Associates' Degree?

a)

4 years

b)

2 years

c)

6 years

d)

8 years

10.

If you know you don't qualify for financial aid, there is no reason to fill out a FAFSA.

a)

false

b)

true

11.

The following would be a reason to update your w-4 except

a)

Having a baby

b)

Getting married

c)

Getting a $100 refund

d)

Getting a new job

12.

When you make ____ money, you will pay _____ in taxes.

a)

more, less

b)

more, the same

c)

less, less

d)

less, more

13.

Why does the government collect taxes?

a)

Because they can

b)

Raise revenue to pay for government services

c)

Waste Money

d)

So congress can argue about what to spend it on

14.

When should your employer have your W-2 to you?

a)

January 31

b)

December 31

c)

January 1

15.

What is the purpose of a resume'?

a)

To get a job

b)

Brag about your accomplishments

c)

To get an interview

d)

To document your work history