WorksheetsEmployment Vocab (63-85) Test
Total questions: 44
Worksheet time: 23mins
A Job that you do for a long time and as you grow in skill your pay increases
Career
Job
Hourly Wage
Salary
Emma started working as a software developer and continued to learn new skills over the years. As she grew in experience and expertise, her pay increased. What is this type of long-term job called?
Career
Job
Hourly Wage
Salary
A paid position that you work just for money
Career
Job
Hourly Wage
Salary
Grace takes a paid position at a local store just for the money. What is this position called?
Career
Job
Hourly Wage
Salary
Getting paid for each hour you work
Career
Job
Hourly Wage
Salary
Aria works at a local store and gets paid for each hour she works.
Career
Job
Hourly Wage
Salary
Getting paid the same fixed amount no matter how many hours you work
Career
Job
Hourly Wage
Salary
Daniel works at a company where he gets paid the same fixed amount every month, no matter how many hours he works.
Career
Job
Hourly Wage
Salary
Kai is looking for a job that allows him to work whenever he wants, without a fixed schedule. What type of job is this?
Gig Work
Pay Stub
Deductions
Payroll Deductions
A freelance job you work when you want
Gig Work
Pay Stub
Deductions
Payroll Deductions
A document that shows how much you earned and what was taken out of your check.
Gig Work
Pay Stub
Deductions
Payroll Deductions
Money taken out of your pay check for things that you choose to have taken like different types of insurance you want
Gig Work
Pay Stub
Deductions
Payroll Deductions
Emma reviews her pay check and notices that money has been taken out for things she chose, like different types of insurance she wanted. What are these amounts called?
Gig Work
Pay Stub
Deductions
Payroll Deductions
Money taken from your paycheck for : taxes, retirement savings, or job supplied health insurance.
Gig Work
Pay Stub
Deductions
Payroll Deductions
Emma decides to set aside a portion of her paycheck each month to save for her retirement.
Retirement Contributions
State Taxes
Federal Income Tax (FICA)
Insurance Payments
Money you choose to save from your paycheck for retirement.
Retirement Contributions
State Taxes
Federal Income Tax (FICA)
Insurance Payments
Rohan receives his paycheck and notices that some taxes are taken out and sent to the state government. What are these taxes called?
Retirement Contributions
State Taxes
Federal Income Tax (FICA)
Insurance Payments
Taxes taken from your check that go to your state government
Retirement Contributions
State Taxes
Federal Income Tax (FICA)
Insurance Payments
Taxes taken from your check that go to the federal governement
Retirement Contributions
State Taxes
Federal Income Tax (FICA)
Insurance Payments
Nora receives her paycheck and notices that some money is taken out and sent to the federal government as taxes.
Retirement Contributions
State Taxes
Federal Income Tax (FICA)
Insurance Payments
Money taken from your check to pay for different insurances
Retirement Contributions
State Taxes
Federal Income Tax (FICA)
Insurance Payments
Priya receives her paycheck and notices that some money has been taken out to pay for different insurances. What is this deduction called?
Retirement Contributions
State Taxes
Federal Income Tax (FICA)
Insurance Payments
The amount of money you make before taxes and deductions are taken out
Social Security
Gross Wages
Net Wages
Intangible Benefits
James receives his paycheck and notices the amount listed before any taxes and deductions are taken out. What is this amount called?
Social Security
Gross Wages
Net Wages
Intangible Benefits
A government program that gives a check to people who work a tax paying job after they retire or become disabled.
Social Security
Gross Wages
Net Wages
Intangible Benefits
After working a tax paying job for many years, David retires. He starts receiving a check from a government program that supports people who retire or become disabled.
Social Security
Gross Wages
Net Wages
Intangible Benefits
The amount of money you take home after taxes and deductions are taken out
Social Security
Gross Wages
Net Wages
Intangible Benefits
Arjun receives his paycheck and notices that the amount he takes home is less than what he earned before taxes and deductions. What is the term for the amount of money Arjun takes home after taxes and deductions are taken out?
Social Security
Gross Wages
Net Wages
Intangible Benefits
Benefits from your job that are not in the form of money like leaning new skills and flexible hours
Social Security
Gross Wages
Benefits
Intangible Benefits
Kai is considering a new job offer. The position doesn't pay more money, but it offers opportunities to learn new skills and has flexible working hours. What are these types of benefits called?
Social Security
Gross Wages
Benefits
Intangible Benefits
The is a benefit of a job where you can take time off but you still get paid
Paid Time Off (PTO)
Retirement Plan
IRA (Individual Retirement Account)
Roth IRA
Abigail works at a company that offers a benefit where she can take time off but she still gets paid. What is this benefit called?
Paid Time Off (PTO)
Retirement Plan
IRA (Individual Retirement Account)
Roth IRA
Using some savings account to save money for retirement, often set up by your job.
Paid Time Off (PTO)
Retirement Plan
IRA (Individual Retirement Account)
Roth IRA
Anika works at a company that offers her a way to save money for retirement by putting part of her paycheck into a special savings account. What is this type of account called?
Paid Time Off (PTO)
Retirement Plan
IRA (Individual Retirement Account)
Roth IRA
A personal retirement savings that pays between 7-10% interest. You pay taxes now for interest withdraws, but withdrawals in retirement are tax free.
Paid Time Off (PTO)
Retirement Plan
IRA (Individual Retirement Account)
Roth IRA
A personal retirement savings that pays between 7-10% interest. You pay taxes when you withdraw money in retirement
Paid Time Off (PTO)
Retirement Plan
IRA (Individual Retirement Account)
Roth IRA
Grace is planning for her retirement and wants to open a personal retirement savings account that pays between 7-10% interest. She knows she will have to pay taxes when she withdraws the money in retirement. What type of account is Grace considering?
Paid Time Off (PTO)
Retirement Plan
IRA (Individual Retirement Account)
Roth IRA
A retirement plan, created by your job and your employer adds money for you to use when you retire.
Pension
Social Security Number (SSN)
Certificate of Deposit (CD)
High Interest Savings Account
High Interest Savings Account
Michael works at a company that offers a retirement plan. His employer regularly adds money to this plan for Michael to use when he retires. What is this type of retirement plan called?
Pension
Social Security Number (SSN)
Certificate of Deposit (CD)
High Interest Savings Account
High Interest Savings Account
A number that identifies you, tracks your work and taxes, and should never be shared with any regular person or company.
Pension
Social Security Number (SSN)
Certificate of Deposit (CD)
High Interest Savings Account
High Interest Savings Account
Ava is starting her first job and her employer asks her for a number that identifies her, tracks her work and taxes, and should never be shared with any regular person or company. What number is Ava being asked for?
Pension
Social Security Number (SSN)
Certificate of Deposit (CD)
High Interest Savings Account
High Interest Savings Account
Type of savings account offered holds money for a fixed period of time and pays you interest.
Pension
Social Security Number (SSN)
Certificate of Deposit (CD)
High Interest Savings Account
Grace wants to save some money and earn interest. She is considering an account that holds her money for a fixed period of time and pays her interest. Which type of savings account should Grace choose?
Pension
Social Security Number (SSN)
Certificate of Deposit (CD)
High Interest Savings Account
Match the following Savings accounts
A type of account where you give the bank a certain amount of money for them to keep for a certain amount of time & they pay you interest
CD
A personal retirement account where you do not pay taxes for withdrawals
Roth IRA
A personal retirement account where you do pay taxes for retirement withdrawals
IRA
Your job sets aside money for you. You can access it after retirement
Pension
A savings account that is usually at a brick and mortar bank and offers very low interest.
Traditional Savings
