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Unit 2 - Personal Finance

Total questions: 18

Worksheet time: 34mins

Name
Class
Date
1.

What has the biggest impact on your finances?

a)

What college you attend

b)

Your Well Being

c)

Where you live

d)

Your Career Choice

2.

What are some methods to consider when discovering your career? Select all that apply

a)

Think about what you enjoy

b)

Think about what you are good at

c)

Talk to people in the career you are interested in

d)

Go on job shadows and do internships

e)

All of the above

3.

Your career choice should align with your...

(a)  

4.

How do you calculate Gross Pay?

4 lines
5.

List the types of compensation.

4 lines
6.

What are the two types of Taxes that employers match?

a)

Social Security

b)

State Tax

c)

Federal Income Tax

d)

Medicare

7.

How do you calculate overtime pay?

4 lines
8.

List the types of mandatory pay deductions.

4 lines
9.

Which of the following is an indirect tax?

a)

Sales Tax

b)

Federal Income Tax

c)

Excise Tax

d)

Property Tax

10.

List the types of unearned income.

4 lines
11.

Wages and Tips are examples of

(a)  

12.

Budget includes...

a)

Liabilities

b)

Expenses

c)

Income

d)

Assets

13.

What is the definition of Liquidity?

4 lines
14.

When you have sufficient assest to pay your debts you are considered

(a)  

15.

How is Net Worth calculated?

4 lines
16.

What is the definition of an Asset?

4 lines
17.

What is the definition of a Liabilitiy?

4 lines
18.

Net worth measures your assets and liabilities based on (a)