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WorksheetsPersonal Finance - Education, Careers & Entrepreneurship
Total questions: 25
Worksheet time: 13mins
Your line of work -
career
job
employer
employee
Money which is taken out from you paycheck for taxes is called:
employee benefits
take-home pay
withholding
net pay
Income from investments, interests, and earnings, including the sale of an investment at a higher price than you paid for it:
earned income
portfolio income
passive income
responsible income
The total amount an employee is paid along with any benefits the employee receives:
salary
profit
wages
compensation
Payment for work, usually calculated in periods of an hour:
compensation
wages
salary
profit
When income is greater than expenses:
profit
loss
income
benefits
Income produced by working at a job as an employee
earned income
passive income
portfolio income
free income
Payment for work, usually calculated in periods of a week or longer:
wages
tuition
salary
income
A person who works for someone else in exchange for money:
employee
employer
staffer
stocker
The amount of money you get to take home after taxes and deductions:
salary
gross pay
take-home pay
wages
When it comes to selecting the right career, it is important to consider all of the following except:
your interests
your strengths
what you love to do
which career your best friend has selected
Studies show that you are likely to make more money over your lifetime with a college degree:
true
false
All professions require a four-year college degree:
true
false
A person who organizes and runs a business - and assumes the risks associated with the business.
manager
entrepreneur
CEO
president
What percentage of teens wants to start their own business
10%
27%
42%
75%
Income earned from things you own such as houses, land or other buildings as well as money earned from books, software, or music you have written
earned income
passive income
portfolio income
free income
Which of the following is NOT a good way to discover information about a career that seems interesting to you
ask questions of someone in that career
search the Internet for information
pick a career from a help-wanted ad
job shadowing or and internship in that career
Non-wage compensation provided by your employer is called your:
withholdings
employee benefits
take-home pay
income
Which of the following are not considered post-secondary education:
college
trade school
on-the-job training
cross training
Which of the following is NOT a cost you should consider when choosing a college?
books
housing
food
health care
Which of the following would not be included in an employee compensation package in addition to what you get paid?
health insurance
overtime
sick leave
vacation time
Which is not a good trait for an entrepreneur?
grumpy
creative
leader
driven
confident
Which are the correct amounts withheld for Social Security and Medicare taxes from a person's paycheck?
Social Security tax (8.2%), Medicare tax (2.45%)
Social Security tax (10.2%), Medicare tax (4.45%)
Social Security tax (3.2%), Medicare tax (3.45%)
Social Security tax (6.2%), Medicare tax (1.45%)
A tax that takes a larger percentage of income from high-income groups than from low-income groups.
voluntary tax
federal tax
progressive tax
sales tax
The federal agency that collects income taxes in the United States.
Internal Revenue Service
Internal Tax Service
Department of Income Service
Department of Economic Revenue
