Worksheetspersonal finance
Total questions: 85
Worksheet time: 1hrs 25mins
saving to replace your printer will mean considering the time and money required to reach your goal
true
false
being late for a job interview is one of the worst mistakes an applicant can make
true
false
when you're new on the job, you should pay special attention to your appearance to make a good impression
true
false
every business is required by law to make formal, written rules and regulations available to all employees called a handbook
true
false
once you've received your first promotion in your chosen career, you will not need to pursue further education.
true
false
you can use a spending log to figure out how much you spend in various categories
true
false
the first step in meeting your financial goals is to identify them
true
false
one of the benefits of volunteering is that you can put the experience on your resume
true
false
linking goals to values help motivate people to achieve their goals
true
false
include expected or estimated income and known or estimated expenses when creating an ongoing goal chart
true
false
tangible items that can be touched, used, and purchased are:
services
goods
wants
needs
which of the following is an example of a human resource?
knowledge
time
money
possessions
trying to save money to buy a house while you are working only 10 hours a week would not be practical
true
false
when you are setting up your budget, you should include the money you earned selling your dog's litter of puppies
true
false
one primary difference between commercial banks and credit unions is that commercial banks operate to make a profit
true
false
using a credit card is just like writing a check in that it withdraws money from your checking account
true - credit card
false - debit card
ethical behavior calls for honesty. which of the following actions could be considered ethical
borrowing a classmate's homework to copy the answers
studying for a test with a friend
checking personal emails at work
returning a homecoming dress to the store after wearing it to the dance
having a bank account is more cost-effective than using a check cashing company
true
false
one way teens can begin taking responsibility for their finances is to open a low-activity checking account with a parent or guardian
true
false
if you have $1,000 you should deposit it in a checking account because it pays more interest than a savings accounts
true
false - savings
a dividend is an investment in the ownership of a corporation
true
false
______ gives you access to a vast diversity of goods and services through worldwide markets.
social media
globalization
technology
offshore outsourcing
always discard old bank statements that you no longer need
true
false
_____ is used to determine eligibility for federal financial aid
The Pell Grant
The Free Application for Federal Student Aid (FAFSA)
A 529 Plan
A work-study
an example of aptitude is:
perfection
thinking logically
collecting
drawing
which of the following best represents a measurable goal?
I want to have a masters degree
I want to be successful
I want to have a career
I want to be a professional
______ is the elimination of jobs generally because the economy is suffering.
downsizing
outsourcing
onshoring
ofshoring
which of the following is a graduate degree?
high school diploma
associate degree
bachelor degree
masters degree
which of the following is a postgraduate degree
associate degree
bachelor degree
masters degree
doctorate
a check is written order for the bank to pay a specific amount to the person or business to whom it is written
true
false
which of the following will most likely require continuing education classes?
biology degree
english degree
teaching license
mathematics degree
which employment form is used to verify an employee's identity and that he or she is authorized to work in the United States
Form W-4
Form I-9
Form W-2
Form 1040
which of the following is considered a Variable Expense
mortgage
groceries
car payment
rental insurance
what is the act of giving away money, good, services, or time to support a cause?
menotoring
entrepreneauship
philanthropy
none of the above
which section of a resume typically the main focus of an employer's attention?
career objectives
references
eduaction
work experience
interest paid to you on an investment that is based solely on your initial deposit
dividend
compound interest
cash interest
simple interest
which employment form is used when filing income tax return?
form W-4
form I-9
form W-2
Form 1040
which of the following best describes a budget
a record of a person's cashflow
a record of total yearly income
a spending and savings plan based on a person's income and expenses
none of the above
which question is legal for an interviewer to ask?
are you married?
do you have any disabilities?
what religion do you practice?
how would you handle a disagreement with a coworker?
of the following, which action should a person take after every checking account transaction?
no need to do anything
check transaction history online
save the reciept
record the transaction in the checkbook registry
which employment form is used for the information needed to withhold the appropriate amount of taxes from an employee's paycheck?
form W-4
form I-9
form W-2
form 1040
a salary is a fixed payment for work and is expressed as an annual figure
true
false
a commission, also known as gratuity, is money paid for service beyond what is required
true
false
which of the following is a fixed expense
credit card bill
car maintenance
rent
entertainment
a wage is payment for work, calculated on an hourly, daily or piecework basis
true
false
most salaried employees are entitled to overtime pay
true
false
the first step in controlling high debt levels is to....
discuss bankruptcy options with an attorney
work out a plan with your creditors to make smaller payments
create a debt management plan with a credit counselor
borrow money from your family
total income before payroll tax deductions is called:
adjusted income
net income
gross income
answer 4
one warning sign that you are not using credit wisely is that...
you have two credit cards
creditors are calling you
your credit card company has increased your credit limit
you are well below your credit limit
according to the law, all employees must fill out a W-4 form
true
false
which of the following is an example of a voluntary deduction from your paycheck?
dental insurance
medicare insurance
social security
state tax
it is important to pay all of your creditors on time every month because the largest percentage of your credit score represents..
the type of loans and debts you have
the total amount of your current debt
the most recent credit you have been given
your overall payment history
at which rate is Medicare taxed on in your paycheck
2.9%
6.2%
1.45%
none of the above
at which rate is social security taxed in your paycheck
1.45%
2.9%
5.45%
6.2%
how long after an interview should a "thank you" letter be sent
no need to send a "thank you" letter if you do not get the job
one week
two days
immediately
what action should you take first if you see your "debt" is mounting
consolidate your loans
file bankruptcy
stop using your credit cards
get a credit card cash advance
sam earned $100.00 in his paycheck. his payroll deductions were $10.00. His net pay is:
$100.00
$110.00
$90.00
none of the above
which of the following would be considered Business Professional attire?
jeans & a t-shirt
khaki pants and a polo shirt
dark colored suit
none of the above
if Ava makes $10.00 per hour and works 42 hours her gross pay is:
$420.00
$400.00
$430.00
$415.00
which of the following could not be used to make a purchase on "credit"?
a Visa card issued by your bank
a Debt card issued by your bank
a "Gap" card
a "Macy's" card
an employees withholding Allowances certificate is known as an:
W-5
W-4
W-9
I-4
Which of the following can you do to prevent credit fraud
protect your personal & financial information
check your credit report annualy
notify creditors if your credit cards are stolen
all of the above
which of the following is not an example of an employee benefit
health insurance
dental insurance
retirement plan
bonus pay
which of the following is not a reason for your credit card interest rate to go up
you have never missed a payment on any credit account
your debt level is too high
you have exceeded your credit limit on another account
your credit score went down
when the government spends more money than it collects in taxes, a deficit occurs increasing the national debt
true
false
which of the following is not an advantage of using credit
being able to purchase an item on sale even though you do not have the cash
the opportunity cost of paying interest on interest
being able to replace your broken garage door opener
keeping track of how much you spent on your vacation
if you only have $200.00 remaining in your bank account, what would be the smartest choice to do with the money?
go to the movies
rent a movie
go dancing
none of the above
a main category for federal discretionary spending is:
medicare and health
veteran's benefits
national defense
all of the above
sales tax revenue is levied by the federal government
true
false
you can avoid spending beyond your means by
leaving your credit cards at home when going shopping
buying things because they are on sale
promising yourself that you will not give into your impulse this time
all of the above
overtime is calculated as....
2.5 times your daily rate
2.5 times your hourly rate
1.5 times your hourly rate
1.5 times your daily rate
at what age do workers become eligible for full retirement benefits from social security
55
59 1/2
65
67
how early should someone arrive for an job interview
30 minutes
45 minutes
15 minutes
25 minutes
when is the only time you will need to give your social security number to an employer
after they offer you the job
it should be on your resume
when filling out the application
all of the above
what are the two purposes of a cover message's conclusion
request an interview and reiterate your qualifications
schedule an interview and state your alternate availability
request an interview and make it easy for the reader to grant an interview
reiterate your qualifications an state your availability for an interview
saving to purchase something you want is wiser than charging it on a credit card because...
you may buy something on impulse that you really don't need
they money you save will earn interest
you will not have to pay interest
all of the above
which type of tax has the effect of imposing a higher tax rate on those with lower incomes
progressive
regressive
direct
indirect
which of the following cannot be done by online banking
check your balance
pay bills
transfer money
cash a check
which type of bank is commonly known as a full-service bank
savings and loan association
internet bank
mutual savings bank
commercial bank
customer deposits in a federally insured bank are insured up to what amount
$100,000
$200,000
$250,000
$500,000
how can you avoid an insufficient funds fee if you realize you wrote a check for more than the amount you have in your account
transfer money from your savings account
void the check
transfer money to your savings account
use online bill paying
if you mistakenly write a check for $25.00 more than what you owe on a credit card bill, it would make the most financial sense to...
have your bank issue a stop-payment order
have your bank void the check
make sure you receive a $25.00 credit to your next bill
make another purchase worth $25.00 with your credit card
when you withdraw cash from an ATM owned by your bank
the transaction goes through the ACH
your account balance is immediately lowered by the amount you withdrew
you have 24 hours before the transaction clears
you have 72 hours before the transaction clears
which of the following is an example interest
the fee charged by a check cashing company
the money exchanged in a funds transfer
the money a bank earns for lending money to borrowers
the fee a bank charges for an overdraft
which of the following shares profits with its customers
savings and loans associates
credit unions
large national bank
independently owned local banks
