Personal Finance Lifelong Employment and Getting Paid
9 months ago
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20 QuestionsShow answers
  • Question 1
    30 seconds
    Q.

    Employee benefits can be valuable extras offered beyond wages. Match the employee benefit with the correct example.

    Health, life, or disability

    answer choices

    Insurance

    Retirement

    Flexible spending account

    Personal leave

    Flexible scheduling

  • Question 2
    30 seconds
    Q.

    Employee benefits can be valuable extras offered beyond wages. Match the employee benefit with the correct example.

    Matching funds the employee contributes to a retirement account up to a limit

    answer choices

    Insurance

    Retirement

    Flexible spending account

    Personal leave

    Flexible scheduling

  • Question 3
    30 seconds
    Q.

    Employee benefits can be valuable extras offered beyond wages. Match the employee benefit with the correct example.

    A pre‐tax account used to pay for designated expenses, such as medical expenses

    answer choices

    Insurance

    Retirement

    Flexible spending account

    Personal leave

    Flexible scheduling

  • Question 4
    30 seconds
    Q.

    Employee benefits can be valuable extras offered beyond wages. Match the employee benefit with the correct example.

    Paid or unpaid days to use as the employee desires

    answer choices

    Insurance

    Retirement

    Flexible spending account

    Personal leave

    Flexible scheduling

  • Question 5
    30 seconds
    Q.

    Employee benefits can be valuable extras offered beyond wages. Match the employee benefit with the correct example.

    working from home or working a modified schedule

    answer choices

    Insurance

    Retirement

    Flexible spending account

    Personal leave

    Flexible scheduling

  • Question 6
    30 seconds
    Q.

    Employee benefits can be valuable extras offered beyond wages. Match the employee benefit with the correct example.

    Paid tuition to take college courses

    answer choices

    Insurance

    Wellness

    Formal training

    Personal leave

    Flexible scheduling

  • Question 7
    30 seconds
    Q.

    Employee benefits can be valuable extras offered beyond wages. Match the employee benefit with the correct example.

    Discounted gym membership

    answer choices

    Insurance

    Wellness

    Formal training

    Personal leave

    Flexible scheduling

  • Question 8
    30 seconds
    Q.

    Max has applied for a new job and thinks it would be a good fit based on the job description he read online. Which of the following questions should he ask during the interview and consider if he is offered the job? (check all that apply)

    answer choices

    What are the job responsibilities?

    Where is the job located?

    What is the schedule?

    Are there benefits offered?

    Did I get the job?

  • Question 9
    30 seconds
    Q.

    Alexis found job postings online in two different cities. Before applying for either, she used a cost of living calculator to determine the equivalent salaries in both locations. Why is this an important step in an employment search?

    answer choices

    Cost of Living affects spending power

    Cost of Living determines how many shoes she will be able to purchase

  • Question 10
    30 seconds
    Q.

    What are three things you can do today to help create employment opportunities for yourself in the future? (check all that apply)

    answer choices

    Know and meet your employers expectations and Strive for constant improvement

    Be a Lifelong Learner and Portray a Professional Image

    Adjust to different situations and Maintain high ethical standards

    Talk about politics and show up late to meetings.

  • Question 11
    30 seconds
    Q.

    It is not uncommon for prospective employers to check social media sites before offering a job to an applicant.

    answer choices

    True

    False

  • Question 12
    30 seconds
    Q.

    Employees who continually update their skills and knowledge are generally regarded as more employable to employers.

    answer choices

    True

    False

  • Question 13
    30 seconds
    Q.

    A person’s personal life is separate from, and therefore cannot impact, a person’s professional life and employment.

    answer choices

    True

    False

  • Question 14
    30 seconds
    Q.

    To be held in the highest regard as a potential (and current) employee, online postings should contain proper grammar, spelling and writing.

    answer choices

    True

    False

  • Question 15
    30 seconds
    Q.

    In the last pay period, Joe worked 80 hours earning $12 per hour. What is Joe's Gross Pay

    answer choices

    $980.00

    $754.56

    $960.00

    $566.74

  • Question 16
    30 seconds
    Q.

    How do you determine Gross Pay?

    answer choices

    Number of Hours Worked x Hourly wages

    Hourly Wages x Net Pay

    Number of Hours Worked x Number of Days worked

    Number of Hours Worked ÷ Hourly Wages

  • Question 17
    30 seconds
    Q.

    What is Joe's Social Security Deduction if it is 6.2% of his gross pay of $960.00?

    answer choices

    $59.52

    $595.20

  • Question 18
    30 seconds
    Q.

    What is Joe's Medicare Deduction if it is 1.45% of his gross pay of $960.00?

    answer choices

    $139.20

    $13.92

  • Question 19
    30 seconds
    Q.

    In the last pay period, Joe worked 80 hours earning $12 per hour. What is Joe's Net pay if he paid $59.52 in Social Security, $13.92 in Medicare, $46 Federal Income Tax, $21 State Income Tax, and $65 employee benefits?

    answer choices

    $980.00

    $754.56

    $960.00

    $566.74

  • Question 20
    30 seconds
    Q.

    Edwin has a $60,000 annual salary and is paid monthly. What is Edwin’s monthly gross pay?

    answer choices

    $5000.00

    $6000.00

    $5600.00

    $6500.00

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