WorksheetsFinance Unit 2 Vocabulary test
Total questions: 22
Worksheet time: 2hrs 37mins
What is the definition of part-time work?
Work that averages less than 30 hours per week
Work that averages more than 40 hours per week
Work that is only done on weekends
Work that requires travel
Which of the following is an example of a job benefit?
Health insurance provided by the employer
The uniform an employee wears
The location of the workplace
The job title of the employee
What is a wage?
A set amount you are paid for every hour that you work; also called hourly pay
A bonus given at the end of the year
A fixed monthly salary regardless of hours worked
A commission based on sales
What is the primary purpose of the I-9 Form used by employers in the United States?
To verify an employee's identity and eligibility to work in the United States
To apply for a driver's license
To register to vote
To file taxes
What is a job?
A paid position of regular employment
A volunteer activity
A type of hobby
A form of entertainment
What's net pay?
The amount of a paycheck AFTER all deductions are taken out.
The amount of a paycheck BEFORE all deductions are taken out.
The net worth of an individual
Skills you can use in many different situations and activities are called..
Interests
Usable Skills
Transferable Skills
Basic Skills
Federal and sate laws provide rules on the lowest hourly rate that can be paid to a worker in the United States. What is that rate called?
Regular hours
Minimum wage
Double-time
Maximum wage
An occupation or profession, especially on requiring special training, followed as one's life work.
Human capital
Opportunity cost
Earning potential
Career
Which of the following helps to increase earning potential?
Education
Training
Job Specific Certifications
All of the above
Julia earns $40,000 per year. This is an example of:
Wages
Assets
Commission
Salary
A labor market based on flexible, temporary, independent contractors and freelancers most often connected to customers through an online platform
(Unit 2 Vocab)
Gig Economy
Entreprenuer
Soft Skills
Human Capital
Form used by an employer to verify an employee's identity and to establish that the worker is eligible to accept employment in the United States
(Tax Vocab)
1099
1040
W-4
I-9
What type of employment matches this job description?
An employee works at least 30 hours per week.
Salaried
Full-time
Hourly
Part-Time
A W-4 Form is:
used by employers to determine the amount of income tax to withhold from employees' earnings.
the form taxpayers must fill out if they paid more income tax than necessary and want a refund.
is a form employers must provide to employees shortly after year-end to report annual income and withholding for the employee's tax return.
a printed statement of the amount that an employee is paid.
A 401k plan is a(n)
loan
checking account
emergency fund
retirement fund
What is the primary purpose of a resume?
To list every job you've ever had
To summarize your skills, experience, and education for employers
To include your personal opinions and hobbies
To replace an interview
What is a career
degree
placement
the jobs or series of jobs you do during your working life until you retire
What is an apprenticeship?
A short-term job shadowing experience
A program that combines on-the-job training with classroom instruction in a skilled trade
A volunteer position that provides experience in a desired career field
A competitive program for recent college graduates
How long does it take to complete trade school?
1 - 2 years
2 - 4 years
10 years
100 years :(
Most trade careers are good for anyone who
wants to go to college after finishing high school.
want to work in a clean environment.
like working with their hands.
wants to earn tips.
