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WorksheetsEmploy. Strats - Benefits, Offers, & Advice
Total questions: 15
Worksheet time: 8mins
How does a Roth 401(k) differ from a traditional 401(k)?
Taxes are paid now instead of at retirement
Contributions are tax-deductible
Employers do not match Roth accounts
Which employee behavior is MOST likely to lead to promotion?
Avoiding taking breaks to not cost the company money
Being patient and waiting for instructions
Consistently learning and improving skills
Why is a 401(k) often considered one of the most important employee benefits?
It guarantees a fixed retirement income
It provides long-term savings with possible employer match
It always replaces Social Security
What is net pay?
The amount you take home after deductions
Hourly wages multiplied by hours worked
Total amount earned during the year
Which situation would most likely cause someone to update their W-4 form?
Enrolling in a 401(k)
Buying a new house and car
Getting married or having a child
Your gross monthly pay is $5,000. Taxes and deductions take out 22%. About how much is your net monthly pay?
$3,900
$4,200
$5,000
Two job offers are listed below. Which one has the higher total compensation? Job A: $66,000 salary, no benefits. Job B: $58,000 salary + 20% benefits.
Job B
Job A
They are equal
You contribute 10% of your $100,000 salary to a 401(k), and your employer only matches up to 3%. How much total goes into your 401(k) this year?
$10,000
$15,000
$13,000
Which form tells the IRS how much tax to withhold from your paycheck?
I-9
W-4
Direct Deposit Form
A job offers a $55,000 salary and benefits worth 35% of salary. About how much is the total compensation?
$90,000
$58,250
$74,250
What is a common mistake new workers make with retirement plans?
Contributing more than the allowed taxable amount
Not contributing enough to get the employer match
Starting too early in their careers
Which is an appropriate strategy for long-term career growth?
Learning new skills and networking
Staying at your first job forever
Listening to feedback but not acting on it
Which benefit is usually employer-paid and pays money to your family if you die?
Disability insurance
Life insurance
HSA
You contribute 10% of your $100,000 salary to a 401(k), and your employer only matches up to 3%. How much are your taxable wages this year?
$87,000
$90,000
$100,000
What mindset leads to the strongest career growth?
Staying comfortable
Viewing each role as a learning opportunity
Avoiding change
