stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Unit 4 Quiz- Cash Review- Personal Finance Flashcards | StudBud
Explore
/
Unit 4 Quiz- Cash Review- Personal Finance
Unit 4 Quiz- Cash Review- Personal Finance
22 terms
·
StudBud Administration
·
1,247 plays
For Unit 4 review.
Flashcards
22 cards
F
Practice quiz
P
Host live
L
Questions
22
Answers
1
The percent (%) you keep is calculated by ________________.
deductions/ net pay
taxable salary/ net salary
gross pay/ net pay
net salary/ taxable salary
2
Which type of commission allows you to do well at selling but still gives you a guaranteed wage
guaranteed commission
straight commission
draw against commission
base plus commission
3
How much time are Canadians spending going to work?
15.7 minutes
26.2 minutes
45.6 minutes
50.8 minutes
4
______ is the best type of interest as you get interest on principal & interest earned.
fixed
complex
compound
simple
5
If the taxable salary is $65,000, what is the CPP amount?
Max
$3705
$1079
$2695.50
6
If you have a job interview, what should you do to be successful?
be early, dress appropriately
have interviewer "smell" you before he/ she sees you
wear your everyday clothes- jeans, jogging pants
interupt interviewer to get point across
7
What is the #1 average weekly wage in Canada?
management occupations
construction
public administration
utilities
8
CPP stands for ___________________
canadian pension plan
canadian people policy
central population plan
central pension plan
9
What does EI stand for?
employment inquiry
employed interest
employment insurance
education income
10
What do you need in order to go searching for a job? BEST answer.
error free resume
clothes
resume
references
11
You want a job. What website can you go to to find one?
money.ca
dragon.ca
monster.ca
jobs.ca
12
What is the highest tax bracket when calculating provincial taxes?
over $130,000
over $140,000
over $31,000
over $100,000
13
What is the lowest average weekly wage in Canada?
sales and service occupations
retail trade
arts, recreation and entertainment
educational services
14
If the net pay is $96,000, what is the monthly pay?
$9,600
$8,000
$9,400
$12,000
15
Federal & Provincial Income tax is calculated and subtracted from your _______________________
net salary
net income
gross commission
taxable salary
16
Calculate the vacation pay when the salary is $45,000.
$4500
$1800
$1200
$846
17
Almost __________ of the seniors over the age of 65 worked.
1/3
1/4
1/5th
1/2
18
When calculating the provincial tax and the salary is $30,000, what is the tax?
$4500
$3240
$3825
$2045
19
According to the article 'Not as many teens looking for jobs', why are teens not looking for work? Which is
NOT
correct?
Too stressed
Not interested in earning money
Too many extracurricular activities
Staying at home longer
20
If the taxable salary is $122,000 and the deductions total $45,000, what is the net pay?
$77,000
$67,000
$45,000
$167,000
21
What's the lowest federal tax bracket when calculating taxes?
under $44,701
under $32,000
under $55,867
under $31,000
22
When Canada's economy is doing poorly, this is called __________ of a business cycle.
downslide
landslide
trench
trough