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Financial Literacy 1 Flashcards | StudBud
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Financial Literacy 1
Financial Literacy 1
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Review on Financial Literacy, lesson 1 and 2
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
I should only apply for the scholarships and bursaries that I know I am eligible to receive.
False
True
2
What is minimum wage for a student in Ontario?
$10.55
$10.35
$10.70
$10.05
3
Everyone in Ontario is eligible to receive OSAP?
False
True
4
Who pays Income Tax?
Anyone who makes money but is not a student
Anywho who receives a pay check.
Anyone who makes enough money
Anyone who buys something at a store
5
OSAP is available to students going to University or College.
True
False
6
When you receive OSAP, you have to pay back all the money that they give you.
True
False
7
Co-op is meant primarily for students that want to go to college.
True
False
8
What does OYAP stand for?
Ontario Youth Area Program
Ontario Youth Apprenticeship Program
Ottawa Youth Apprenticeship Program
Ottawa Young Apprenticeship Program
9
What does CPP stand for?
Canada's Pensioner Plan
Canada Pension Program
Canadian Program for Pensions
Canada Pension Plan
10
The amount of money you receive AFTER deductions.
Net Pay
Gross Pay
