Chapter 3: Education, Careers, and Entrepreneurship

Question 1

A portfolio income consists of...

Accepted Answer

income from investments, interests, and earnings

Question 2

Non-wage compensation provided by your employer are called

Accepted Answer

employee benefits

Question 3

After college, this is an option

Accepted Answer

all of these options

Question 4

Which is the correct amount withheld for Social Security from a person's paycheck?

Accepted Answer

6.2%

Question 5

The amount of money you get in your paycheck after taxes are taken out is called

Accepted Answer

take-home pay

Question 6

Which is the correct amount withheld from a person's paycheck for Medicare?

Accepted Answer

1.45%

Question 7

More than _____% of of workers in the U.S. work in small business.

Accepted Answer

50%

Question 8

Three of the most famous entrepreneurs are

Accepted Answer

Mark Zuckerberg, Steve Jobs, Bill Gates

Question 9

Someone who starts and runs his or her own business is called a(n)

Accepted Answer

entrepreneur

Question 10

When choosing a career, find something that

Accepted Answer

you are good at and you love to do

Question 11

Deductions from your paycheck include

Accepted Answer

social security, federal income tax, health insurance

Question 12

What is compensation?

Accepted Answer

the total amount an employee is paid along with any benefits

Question 13

Money which is taken out for taxes is called

Accepted Answer

withholding

Questions 13