Information placed and stored on social media sites is gathered, packaged, and sold to interested third parties.​

A customer loyalty program is an example of how companies use data mining.

Checking your credit report frequently can help with early detection of identify theft. 

Retail businesses have a legitimate need for a customer’s Social Security number when the customer pays with a debit card or cash.

Lifelong learning involves actively seeking new knowledge, skills, and experiences that will enhance professional and personal growth throughout your life. ​

A self-assessment inventory lists both strengths and weaknesses along with plans for improvement.

Service jobs are a small and declining sector of the current American job market. 

It is never acceptable to use the salutation “To Whom It May Concern” in a reference letter. 

​If goals are to be meaningful, they should be broadly stated and without specified time frames for their achievement.

All of the following information would be appropriate for inclusion in a resume except​

People who provide information about a job applicant’s skills, character, and achievements are known as

Effectively preparing for a job interview would include

The knowledge and skills acquired from working in a career field provide a person with 

A(n) ____________ card allows a business to gather and store information about your purchasing habits.

A(n) ______________ is a person who owns a business and is self-employed.

Identify ways to make a good impression in a job interview.​

Some deductions are required by law, but others are optional.

Employers must contribute matching amounts into each employee’s Medicare and Social Security accounts.

It is customary for employees to receive three to ten days a year as “sick days” without deductions from pay.

When an employee is entitled to his or her full retirement account, the employee is said to be vested in the account.

A job requiring heavy physical labor is probably not a good candidate for a compressed workweek.

The process of negotiating a work contract for union members is called bargaining.

A standard workweek is

Rate × Hours Worked =

Which of the following benefits are employers required by law to provide?

The total amount you earn before any deductions are subtracted is called __________ pay.

__________ is time worked beyond the regular hours.

Forms of employee compensation in addition to pay are called __________. (for example: health, vision & dental insurance; sick pay, etc)

Last week, Josie worked 45 hours at her job. Her regular hourly rate is $10. What was Josie’s gross pay last week if her company paid the typical rate of overtime pay?

Martin is a salaried employee who earns $30,000/year. He is paid on the 1st and 15th of every month. What is his gross pay per paycheck?

Last week Andy worked 44 hours at his job. His regular hourly rate is $12 and his employer pays the typical rate for overtime (1.5 x regular wage). He had the following deductions:

Federal income tax: $40.00

State income tax: $25.00

Social Security tax: $34.22

Medicare tax: $8.00

Health insurance: $15.00

​

Calculate Andy’s net pay for the week.

The best reason to save money is to provide for future needs.

The biggest advantage of scholarships is that they do not have to be repaid if you complete your education.

Earnings on principal is called interest.

The more often interest is compounded, the greater your interest earnings will be.

Like certificates of deposit, there is a substantial penalty for taking money out of money market accounts.

The more liquid an investment, the less earning potential it is likely to have.

People often choose their financial institution because of convenience of location and the services offered.

One disadvantage of using direct deposit is that your paycheck can only be deposited into a savings account, not a checking account.

Which of the following would be considered a long-term need?

Interest paid on the original principal plus accumulated interest is called

Savings accounts protected by the FDIC are protected from loss for up to

A large sum of cash you pay up front when you purchase a home or vehicle is called a(n) __________.

The amount of money you deposit into a savings account is called the __________.

Tommy wants to buy a new bicycle, which costs $150. His parents have promised to contribute 1/4 of the cost of the bike. The rest will have to come out of Tommy’s savings. What amount will Tommy need to come up with to get the new bike?

John and Marissa purchase their first home for $120,000. They must put 15 percent down on the purchase price as a down payment. What will the amount of the down payment be?

On a local level, taxes pay for services such as education, parks, roads, and police, fire, and health departments.

In the United States, both businesses and individuals pay income taxes and must file income tax returns each year.

When government spends more than it receives in revenue, it has a surplus.

In the United States, all citizens are expected to prepare and file tax returns on their own without being forced to do so by the government.

All forms of income are taxable and must be reported to the IRS for tax purposes.

By law, only professional tax preparers may use tax preparation software.

The largest source of government revenue in the United States is

Your filing status on your tax return is based on

Sales tax in your community is 6 percent. If you go to a sporting goods store and buy a soccer ball for $19.95, socks for $5.95, and a headband for $10.00, what amount will you pay once the sales tax is added to your purchase?

Use the following information to calculate a taxpayer’s taxable income: Gross income: $13,000

Adjustments: $750 Standard deduction: $5,350 Exemptions: $3,400

You are at the checkout counter at the local supermarket, use your debit card to pay for your groceries.  Where does the money for this purchase come from?

Jocelyn gets a text alert from the bank that her account has dropped below $100 after a series of $20 ATM withdrawals. She has not used her ATM in over a week and wonders what she should do. What would you recommend?

Devon lives in a large apartment complex, and his rent is due by the first of each month to “Richardson Rental Properties and Housing Options, LLC” which has its office 45-minutes away in downtown Houston. Which payment option makes the most sense if Devon is trying to be responsible and efficient with his time?

How are credit unions and banks different?

Using a digital wallet payment such as Apple Pay or Samsung Pay is considered safe because...

The largest source of fees for banks when it comes to checking accounts is...

How does a low-balance mobile alert on your checking account work?

Rules or guidelines that help society understand what is right and wrong for individuals and groups.