WorksheetsIncome and Education
Total questions: 16
Worksheet time: 8mins
How would a person’s decision to quit high school
most likely affect future earnings?
It would result in no future earnings.
It would reduce future earnings.
It would not affect future earnings.
It would increase future earnings.
One way a college student can financially plan or prepare for college is by working a summer job. What should the student do with thier wages to plan best for college?
She should spend her money on college and take a loan to pay for a new car to use to travel to and from school.
She should invest her money in a savings account to use for her college tuition and books.
She should invest her money in the stock market which would guarantee her more funds for college.
She should spend her money on entertainment and pay college tuition with a credit card.
Individuals with higher levels of education are more likely to have higher earnings and lower rates of unemployment.
True
False
Which of the following is an example of recognizing military service as a financial support of attending college?
Pell Grant
Scholarship
GI Bill
True or False: Jobs that require post-secondary education or training usually offer more financial stability.
True
False
True or False: Earning a degree or certification can lead to a person getting a job with a higher starting wage.
True
False
How would a person’s decision to quit high school
most likely affect future earnings?
It would increase future earnings.
It would reduce future earnings.
It would not affect future earnings.
It would result in no future earnings.
How will the decision to seek a higher degree affect your future earnings?
It increases the amount of expenditures in a household.
It increases the amount of potential income in a household.
It decreases the amount of potential income in a household.
It decreases the amount of job opportunities for an individual.
How does the decision to go to a trade school rather than a university affect the long-term financial goals of an individual?
It creates less debt from tuition and the ability to enter the workforce sooner.
It creates more debt from tuition, and trade school takes longer to complete.
It leads to more hands-on training and more difficulty finding a job.
It leads to less hands-on training and less difficulty finding a job.
How can enlisting in the military potentially benefit a person’s financial future?
Enlistment provides grants and loans to help pay for community college or university tuition.
Enlistment provides monetary options in U.S. military bonds.
Enlistment provides, until retirement, the opportunity to earn a high school equivalency certificate.
Enlistment provides a high-paying job upon discharge.
Ture or False: Taking a skill development course at the local community college It provides more opportunities for work.
True
False
How does the decision to pursue a vocational degree contribute to a long-term career goal?
It provides training and financial assistance throughout the program until a job is secured.
It provides hands-on training, and resources are specifically geared to jobs in demand.
It provides educational resources that serve as a pathway to a four- year degree
What is disposible income?
The amount of income left after taxes and other mandatory charges are deducted
The amount of income left after all the bills are paid.
Your monthly salary is your disposable income.
True or False: Gross Pay is the earnings before deductions are withheld.
True
False
How is net pay calculated?
Regular earnings plus overtime earnings
Total earnings minus total deductions
Year-to-date earnings divided by current earnings
Number of hours worked multiplied by hourly rate
True or False: Professional Development makes an individual more qualified for positions wih greater income.
True
False
