cultivating productive relationships for employment/business

The I-9 is a work form used to

verify the identity & work authorization of people in the US

Repayment of government subsidized student loans for an undergraduate typically starts

6 months after you are no longer in school

Required deductions from your paycheck include

Federal tax, state tax, social security tax, & medicare tax

the level of prices relating to a range of everyday items

Gross pay is calculated by

Multiplying the total number of hours works by rate of pay

In a job interview, I should not...

Speak softly and answer questions quickly

Information needed to complete the FAFSA is

last year's tax information for your parents & yourself

Gross pay is the amount of money that is

earned at work b/f required & elected deductions are removed

Which of the following describes entrepreneurship?

The process of starting/operating your own business

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Fin Lit: Education and Careers Review

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PLC Review

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Questions 27

Answers

1
An education loan where the interest is paid by the government while you are in school is
A grant
A subsidized student loan
None of these
A private loan
2
Networking is
cultivating productive relationships for employment/business
creating a connection w/ people to assist you in the future
an important skill
a good way to learn people's names
3
The I-9 is a work form used to
detail your work experience since you turned 16
prove your high school and parents authorize you to work
verify the identity & work authorization of people in the US
determine how many hours you are authorized to work
4
Repayment of government subsidized student loans for an undergraduate typically starts
6 months after you are no longer in school
as soon as you graduate college
3 months after your last semester
when you decide that you can afford to make payments
5
A standard resume should
have consistent formatting
be more than 1 page, single sided
have spelling and grammar errors
include parent contact information
6
The people you list as a reference on your resume or application should not be
related to you
over 21 years
someone you have asked to be used as a reference
someone who will say good things about you
7
The correct website to apply for federal student aid is
www.fafsa.gov
www.payforcollege.com
www.studentaid.org
www.studentloan.gov
8
Required deductions from your paycheck include
Federal tax, medicare tax, charity expense, & child care
Federal tax, state tax, social security tax, & med insurance
Federal tax, state tax, social security tax, & medicare tax
Federal tax, state tax, social security tax, & retirement.
9
Wages from employment are included in income.
True
False
10
The form that tells an employer how much to take out of your paycheck
I-9
1040a
W-4
W-2
11
Which of the following are not included on your high school transcript
All grades earned during high school
Weighted GPA
Current courses
SAT score
12
Cost of living is
a gradual increase in prices
the level of prices relating to a range of everyday items
the number of jobs available in the area
the amount of money paid to own a house
13
Resources that will help you learn about a job include
Interviewing people who are currently working in that job
Job shadowing people who are currently working in that job
Occupational Outlook Handbook (www.bls.gov)
All of these
14
Gross pay is calculated by
Adding deductions to rate of pay
Dividing the Medicare tax rate by # of hours worked
Multiplying the total number of hours works by rate of pay
Subtracting taxes and deductions from net pay
15
In a job interview, I should not...
Speak softly and answer questions quickly
Make eye contact with the interviewer
Turn my cell phone OFF
Dress one step above the average worker
16
Money you inherit is included in income.
True
False
17
Money you borrow (i.e. a loan) is included in income.
False
True
18
Information needed to complete the FAFSA is
your employer's identification number
last year's tax information for your parents & yourself
last year's high school transcript
an essay about your future career choice
19
When accepting a job offer in two different cities, you should consider
Your current income level
Types of stores in each area
Cost of living in each area
How much it will cost to move
20
Gross pay is the amount of money that is
earned at work a/f required & elected deductions are removed
direct deposited in your bank account by your employer
paid to you as a Christmas bonus
earned at work b/f required & elected deductions are removed
21
Interest on investments is included in income
False
True
22
When thinking about a career, which of the following are important to consider?
The number of workers available for competing jobs
All of the above
Value of the work to society
Potential salary
23
Which of the following describes entrepreneurship?
The process of starting/operating your own business
A person who has a great idea or invention.
A bad career choice
Doing what your boss tells you to do
24
Which of the following is an investment plan for saving for college expenses?
401(k)
Form 1040
529 Plan
W-2
25
Which of these is a benefit of being an entrpreneur?
Putting in 45+ hours each week at start up
Not having to pay taxes on business earnings
Being your own boss
May lose money and have to close down
26
In a job interview, I should NOT...
Arrive early
Bring an extra copy of my resume
Chew gum
Prepare a question to ask the interviewer
27
A four year college/university degree is called
Doctorate Degree
Bachelor's Degree
Associate's Degree
Master's Degree

Fin Lit: Education and Careers Review Flashcards | StudBud