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Personal Finance Unit 3

Total questions: 22

Worksheet time: 11mins

Name
Class
Date
1.

You will find satisfaction in your work if it is something you ________________.

a)

enjoy and find purpose in

b)

hope to get promoted in

c)

get paid a lot for even if you don't enjoy it

d)

work from home

2.

What percentage of high school and middle school students plan to start their own business some day?

a)

10%

b)

25%

c)

30%

d)

40%

3.

When starting a new business, the first thing to do is to figure out a business idea that will make ______________.

a)

money

b)

opportunities

c)

more businesses

d)

commission

4.

Research indicates that if you earn a college degree, you could make anywhere from _____________ to ____________ more per year.

a)

$5,000-$10,000

b)

$7,000-$15,000

c)

$10,000-$17,000

d)

$15,000-$30,000

5.

What is the BEST way to learn about the job you think you want to do?

a)

Read an article about the job you're interested in.

b)

Avoid researching any other job possibilities.

c)

Go to the library and research periodicals.

d)

Find someone who is doing the job you think you want to do and ask them about it.

6.

A great place to find information on jobs is the _________________.

a)

Internet

b)

phone book

c)

Job Opportunity Management System

d)

American Job Enterprise Search Engine

7.

A _______________ is made up of what you will get paid and your benefits.

a)

compensation package

b)

complimentary package

c)

benefits enrollment plan

d)

human resources provider plan

8.

Find a career that blends these two things:

a)

something you love to do and something that makes a lot of money

b)

something you're good at and something you love to do

c)

something that makes a lot of money and is tolerable

d)

something that you already have experience in and something that is easy

9.

The money you get to take home and see in your bank account is called your ________________ pay.

a)

gross

b)

work-win

c)

take-home

d)

elusive

10.

An entrepreneur is someone who _________ and __________ his or her own business.

a)

conducts; evades

b)

starts; runs

c)

manages; circumvents

d)

closes; opens

11.

Your line of work.

a)

service

b)

job

c)

career

d)

responsibility

12.

The total amount an employee is paid along with any benefits the employee receives.

a)

wages

b)

earned income

c)

compensation

d)

benefits

13.

Income produced by working at a job as an employee

a)

taxes

b)

earned income

c)

compensation package

d)

career

14.

A person who works for someone else in exchange for money

a)

entrepreneur

b)

intern

c)

employee

d)

boss

15.

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

a)

passive income

b)

active income

c)

earned income

d)

portfolio income

16.

Income from investments, interest, and earnings, including the sale of an investment at a higher price than you paid for it

a)

active income

b)

passive income

c)

business income

d)

portfolio income

17.

When income is greater than expenses

a)

profit

b)

income

c)

salary

d)

loss

18.

Payment for work, usually calculated in periods of a week or longer

a)

tuition

b)

wages

c)

take-home pay

d)

salary

19.

The amount of money you get to take home after taxes and deductions

a)

wages

b)

take-home pay

c)

salary

d)

taxes

20.

The charge or fee for going to a school/college/university

a)

income expenses

b)

withholding

c)

tuition

d)

wages

21.

Payment for work, usually calculated in periods of an hour

a)

wages

b)

salary

c)

tuition

d)

taxes

22.

A portion of an employee’s wages deducted for taxes

a)

salary

b)

wages

c)

withholding

d)

tuition