WorksheetsGFL Strand 3 Test Review
Total questions: 25
Worksheet time: 13mins
Which of the following is NOT typically included on a professional resume?
Educational background
Personal hobbies
Contact information
Relevant work experience
Which of the following best describes the relationship between education and potential lifetime income?
Income is solely determined by the field of work, not education level.
Education guarantees a high income.
Higher education typically results in higher potential lifetime income.
Education only affects income in specific careers.
What is one of the primary benefits of scholarships and grants for students?
They cover all living expenses.
They reduce the cost of education without repayment obligations.
They are only available to students with perfect grades.
They have to be repaid after graduation.
Which of the following is a potential risk of entrepreneurship?
Stable income
Financial uncertainty
Guaranteed health benefits
Fixed working hours
Why is networking beneficial when searching for a job?
It helps you learn about job openings and industry insights.
It allows you to avoid the application process
It's only useful for high-level positions.
It guarantees immediate employment.
Tyrone works for an insurance company. He makes $20 and hour and worked 46 hours last week. What is his overtime rate of pay?
$35
$20
$25
$30
What distinguishes nonprofit from for-profit higher education institutions?
For-profit institutions offer more scholarships.
Nonprofit institutions reinvest profits into the institution.
Nonprofit institutions are more expensive.
For-profit institutions are publicly funded.
Which of the following best describes net income?
Income before taxes and deductions
Total income from all sources
Income after taxes and deductions
Income subject to taxation
When evaluating career opportunities, which factor should be considered alongside income potential?
Market value of the work
Skills and educational requirements
Individual interests and skills
All of the above
What is an effective strategy for finding employment opportunities?
Wait for job offers to come to you.
Networking and building professional relationships
Only apply to companies that are hiring.
Avoid talking to people in your desired industry.
Which soft skill is crucial for effective teamwork?
Creativity
Communication
Punctuality
Independence
Which of the following is a common source of financial aid that does not need to be repaid?
Work-study programs
Student Loans
Scholarships and grants
Credit card loans
What is the purpose of a W-4 form?
To verify eligibility to work in the U.S.
To determine tax withholding amounts
To file state taxes
To report annual earnings to employees
Why is time management considered a valuable employability skill?
It allows for more leisure time at work
It eliminates the need for planning
It reduces the need for teamwork
It helps in completing tasks efficiently and meeting deadlines
What does the FICA tax include?
Voluntary deductions
Social Security and Medicare
All federal taxes
State and local taxes
Which of the following is NOT considered a source of income?
Salary
Loans
Wages
Commisions
Sarah works at a deli and makes $12 per hour. Last week she worked 32 hours. What is her gross pay for the week?
$384.00
$348.00
$332.00
$483.00
Kelly is a high school student and doesn’t have any paid work experience yet. What Information could she Include in the Work Experience Section of her résumé?
School projects
Volunteer experience
All of the above
Relevant courses
Which form is used for federal tax filing in the United States?
Form TC-40
Form I-9
Form W-2
Form 1040
What is the Form I-9 used for?
To verify an employee's identity and eligibility to work
To claim dependents
To file annual tax returns
To calculate payroll taxes
Which form is used by employers to report an employee’s annual wages?
1099-INT
I-9
W-2
W-4
Which type of post-secondary training provides hands-on experience in a specific trade?
Vocational training
Master's degree
Doctorate program
Bachelor's degree
Alex works at a mechanic shop and earns an annual salary of $42000. What is his monthly salary?
$3500.00
$4250.00
$4200.00
$3550.00
What is a major difference between public and private higher education institutions?
Private institutions often have higher tuition rates.
Public institutions offer fewer degrees.
Public institutions are less reputable.
Private institutions are funded by state governments.
What is a potential reward of entrepreneurship/self-employment?
Limited financial risk
Greater control over work-life balance
Guaranteed steady income
Employer-sponsored benefits
