WorksheetsFinancial Literacy DBA Module 1
Total questions: 15
Worksheet time: 51mins
What factors affect an individual's choice of jobs or careers? List, at least, 3 non-income factors.
What factors affect an individual's choice of jobs or careers? List, at least, 3 benefits of getting a bachelor's degree rather than choosing a community college.
Share your ideas on what you are planning to do after finishing school. Mention the type of training you are going to get/ your possible choice of career/ the factors that will affect your choice.
_____ income is the sum of all wages, salaries, profits, interest payments, rents, and other forms of earnings, before any deductions or taxes.
net
gross
full
complete
_____ income refers to the amount an individual or business makes after deducting costs, allowances and taxes.
left
returned
full
net
What factors impact the earnings of workers? (name, at least, 4 factors)
_____ taxes - paid through an intermediary for rights, privileges, or activities.
progressive
flat
indirect
direct
Income tax is an example of this tax. What is the type of the tax?
direct
marginal
flat
regressive
_____ tax rates - the tax percentage that applies to the last dollar of income earned.
progressive
common
full
marginal
Why do we pay taxes, and what are they for?
What are the types of taxes according to their progressivity? (name all the 3 types)
Calculate the amount of tax for each of the families.
Calculate the amount of tax for each of the families.
Calculate the amount of tax for each of the families.
What is a budget, and what are the common budget categories? (name, at least, 5 categories)
