WorksheetsUnit 2: Income and Career Review
Total questions: 19
Worksheet time: 10mins
What is the primary purpose of having insurance?
To increase your income
To protect against financial loss
To avoid paying taxes
To save money for retirement
Which of the following is NOT a type of insurance?
Mortgage insurance
Health insurance
Car insurance
Rental insurance
What is a common step towards expressing interest in a job?
Submitting a Letter of Recommendation
Providing a list of achievements
Sending in a Resume and Cover Letter
Writing a poem
What Tax document is completed on your first day of work?
1099 Form
W-4 form
I-9 Form
W-2 form
Which of the following is a mandatory deduction from your paycheck?
Medicaid
Retirement Contributions
Municipal Tax
Social Security
Which type of insurance is specifically designed to cover medical expenses?
Auto insurance
Life insurance
Health insurance
Homeowners insurance
Which form is used to determine the amount of federal income tax to withhold from your paycheck?
W-2 form
I-9 form
W-4 form
1099 form
Which document verifies your eligibility to work in the United States?
W-2 form
I-9 form
W-4 form
1099 form
What is a deductible in an insurance policy?
The amount you pay for insurance coverage
The amount the insurance company pays for a claim
The amount you pay out of pocket before insurance covers the rest
The amount you receive as a refund
What is the main purpose of a job application?
To provide a detailed work history
To express interest in a position
To negotiate salary and benefits
To list personal references
As a first step in selecting a career path, a person should
Find out which careers pay the most
Determine which career area looks most interesting to you
Look online for easy certifications
Find out what majors are offered at the local college and pick one
Another word for take-home pay is
Gross pay
Salary
Net pay
Income
The purpose of life insurance is
Provide funds to help a person's beneficiaries maintain a certain standard of living should the policyholder die
Pay for large purchases such as home or college education
Cover cost of nursing care and other expenses that come with old age
Provide money to policyholder in the event of an accident
Which is true about unemployment rates by education?
People with less education can make more money
You have to have a bachelor degree if you want a job
The more the education the less the unemployment rate
The less the education the less the unemployment rate
Which of the following is a hard skill?
Creativity
Adaptability
Leadership
Coding
The purpose of the IRS is to
Pass laws to determine what is taxed
Enforce tax laws and carry out the federal tax system
Prepare tax returns for businesses
Distribute taxes to states that have been collected by the federal government
Which of the following statements about taxes is true?
Only the federal government has the right to tax
Any taxes collected by the government are returned in your tax return
Taxes are a major source of revenue for the government
Taxes are only taken out if you have a full time job
Which is not an example of an illegal question on a job application
Asking for your social security number
Asking for your age and birthday
Asking for you gender
Asking for your religion
The STAR method is an interview method. What does STAR stand for?
Situation, Task, Action, Result
Situation, Task, Analysis, Response
Scenario, Task, Action, Result
Situation, Task, Action, Review
