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WorksheetsMoney Matters - 2026 Mid-Term Exam
Total questions: 50
Worksheet time: 25mins
Which form is used to determine the amount of money removed from your paycheck for federal taxes?
W-2 form
I-9 form
W-4 form
SSA form
Which of the following is important to remember when resigning from a job?
Lie to avoid any conversations
Always be professional
Be brutally honest
Identify poor employees
Which of the following should you consider before accepting a job offer?
Salary
Work location
Benefits of the job
All of the above
What age is defined as a minor by the US federal government?
Under 15
Under 16
Under 18
Under 21
When should you arrive for an in-person interview?
At least 5 minutes early
At least 15 minutes early
At least 30 minutes early
At the scheduled time
Which of the following is important to leave off your resume?
Your street address
Your work experience
Your skills
Your education
What is the first step in the job seeking process?
Search for jobs
Accept interviews
Prepare material and information
Apply for jobs
What is one way to reduce poor communication?
Ignore communication styles altogether
Learn to flex to other communication styles
Learn to flex to one other communication style
Know everything about your communication style
What is a career plan?
A plan for your career that you should finish developing in high school
A roadmap on how to graduate from college
A guide on how you will progress along your working life
A self-assessment is important in career planning because it helps:
Align your interests and career choices
Narrow down the number of occupations to choose from
All of the above
What is a resume?
A list of jobs you are thinking of applying to
A formal document that introduces your qualifications to an employer
A letter of recommendation
A job document required for completing taxes
Which work experience is listed first on a resume?
The oldest
The highest paying
The most exciting
The most recent
Which of the following is the last section on most job applications?
Personal information
References
Signature
Job-related questions
Which of the following questions can legally be asked on a job application?
In which country or countries do you have citizenship
During which holidays will you require off-time
Are you at least 18 years of age
What is your marital status
When submitting a filled-out job application in person, which of the following is suggested?
Attach a copy of your career plan
Show the person your career portfolio
Ask to speak to the hiring manager
Request an on-the-spot interview
Which of the following should an individual get permission to include as a reference on a job application?
Past supervisors
Past co-workers
All the answers are correct
Mentors
Always use black or (a) pens on job applications.
Pink
Blue
Purple
Red
If you do NOT know how to answer a question on a job application, you should leave it blank.
True
False
Where is the Channel in this example of communication?
A
B
C
D
E
During active listening, "receiving" is the process of:
A) Taking in all of the information about the communication.
B) Focusing on the information you've received.
C) Interpreting the meaning of the communication.
D) Restating the information you have received.
What is the first step in communication planning?
Clarify objectives.
Determine the purpose of the message.
Outline the communication for delivery.
Identify the audience.
Determine the best channel of communication.
Which of the following is an example of an email address which is NOT appropriate for use on a job application?
RichLauro306@domain.com
Keisha.Clemins@domain.com
Cheerqueen15@domain.com
S.T.Brown@domain.com
Which of the following is typically the first section of a job application?
Job-related questions
Education and work experience
References
Personal Information
Andrea earns $8 per hour and works 20 hours per week. She receives each week’s paycheck every Friday afternoon. The percentage of Andrea’s gross pay which goes toward Social Security and Medicare is 7.65 percent of her gross pay. How much is taken out for these taxes from her gross pay? How much is taken out for these taxes from her gross pay?
$12.24
$131.76
$13.76
$80.00
Andrea earns $8 per hour and works 20 hours per week. She receives each week’s paycheck every Friday afternoon. The percentage of Andrea’s gross pay which goes to federal income tax withholding is 15 percent. How much is her check when you subtract her federal income tax withholding from her gross pay? How much is her check when you subtract her federal income tax withholding from her gross pay?
$80.00
$131.76
$136.00
$160.00
Andrea earns $8 per hour and works 20 hours per week. She receives her paycheck for her hours worked during the week every Friday afternoon. What is her gross pay?
$80.00
$131.76
$144.00
$160.00
John’s employer withholds his taxes with every paycheck. However, John is also self-employed and is responsible for paying his taxes on his second income. To make it easier, what might John ask his employer to do for him?
Take additional taxes out by requesting it on a W-9
Take additional taxes out by requesting it on a W-4
Neither, John must pay his own taxes for the income
Take additional taxes out on a W-4 and W-9
Which of the following number of dependents claimed on a W-4 will have the most income tax withholding taken out of your paycheck?
0
1
2
3
Which of the following entities does NOT have the ability to collect taxes on the local level?
County governments
City governments
School districts
Politicians
Which of the following entities writes states' tax laws?
The president
Congress
Each state
The IRS
The IRS is NOT responsible for which of the following?
Issuing tax refunds
Collecting taxes
Processing tax returns
Promoting economic Prosperity
Which of the following is the federal bureau which collects taxes and turns the money over to the Treasury Department?
Congress
Department of Tax Collection
Internal Revenue Service
Executive Department
When you go to work for an employer, you will complete a W-4. Which of the following is NOT information the employer will take from this form when setting you up for payroll?
Your marital status
Your Social Security number
The number of dependents you claim for your tax return
Deductions you expect to take on your tax return
According to the segment, people who are considered contract labor usually pay their taxes how often?
Weekly
Monthly
Quarterly
Annually
If you work for yourself, whose responsibility is it to pay the withholding taxes out of your income payments?
Yours
The federal government's
The city's
The tax accountant's
The two most basic ways to pay your income taxes to the federal government are which of the following?
Estimated and monthly payments
Estimated and quarterly payments
Withholding and estimated payments
Withholding and monthly deposits
A tax on the manufacturing, sale and consumption of products, such as tobacco or alcohol is known as which of the following?
Estate tax
Excise tax
Gift tax
Luxury tax
Sales taxes are collected from the consumers by which of the following?
A store merchants
City governments
State comptrollers
IRS
Which of the following best fits the taxes which local governments collect?
Sales tax and income tax
Property tax and income tax
Sales tax and property tax
Income tax only
Which of the following levels of government may collect an income tax?
Federal government and state governments
State governments and school districts
Cities and federal government
School districts and cities
Which of the following is NOT an employability skill?
Ethical behavior
Teamwork
Technology
Sales
Which of the following describes mannerisms?
Style of speaking or behaving
Dressing appropriately
Values and standards
Working effectively with others
Which of the following is a leadership skill?
Breaking new ground
Anticipating problems
Treating everyone fairly
Prioritizing
Which of the following is important when using technology?
Governance
Credentialing
Ethical conduct
Preparation
Which of the following is a way to exhibit professionalism?
Certifications
Teamwork
Technology
Speech
Which of the following is considered the most important skill in the workplace?
Effective communication
Knowledge of technology
Certifications or licensures
Leadership strategies
Which of the following is considered a Knowledge of Technology skill?
Teamwork
Creating a final product
Active listening
Willingness to learn
Which of the following defines employability?
A specific style of behavior in the workplace
Positive work behaviors and personal qualities which make individuals more likely to gain employment and succeed in their chosen career
Arriving at work on-time and successfully completing the tasks assigned
Recognizing the questions which relate to goals, purpose and needs
Time Management may NOT lead to which of the following?
Better professional status
Less stress in the workplace
Greater productivity and efficiency
Advanced degrees
Which of the following is NOT a problem-solving strategy?
Developing a process
Use of technology
Anticipating problems
Brainstorming
