stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Chapter 3 Middle School Financial Literacy Flashcards | StudBud
Explore
/
Chapter 3 Middle School Financial Literacy
Chapter 3 Middle School Financial Literacy
15 terms
·
StudBud Administration
·
491 plays
Review for the chapter 3 test regarding education, careers, and income
Flashcards
15 cards
F
Practice quiz
P
Host live
L
Questions
15
Answers
1
What % of high school students want to start their own business?
20%
30%
40%
10%
2
You should expect to make money more with higher college degrees
True
False
3
An associates degree is known as a ____ year degree
6
1
4
2
4
Making 25.00/hour working at your job is called____ income
Salary
Earned
Passive
Portfolio
5
Non-wage compensation provided by your employer is called your:
Income
Employee Benefits
Take Home Pay
Withholdings
6
A bachelors degree will take roughly ____ years
2
6
4
10
7
Seth Trisel and Bill Gates are considered _____ because they started and run their own business
Rich
Employees
Entrepreneurs
Managers
8
Money which is taken out from your paycheck for taxes is called:
Benefits
Withholdings
Take Home Pay
Income
9
Every career requires you to go to college
True
False
10
Medicare Tax tax is what % of your gross pay?
6.2%
12.4%
1.45%
10%
11
When it comes to selecting the right job, it is important to consider...
What you are good at
All of the above
Your passion in life
It fits your interest
12
Having various long term investments such as stocks, 401k, and mutual funds wold be ___ income
Portfolio
Passive
Earned
Salary
13
Making $ off of music or rent is know as _____ income
Earned
Passive
Salary
Portfolio
14
The amount of money you get in your paycheck after taxes are taken out is called your:
Withholdings
Take Home Pay
Benefits
Gross Income
15
Social Security tax is what % of your gross pay?
10%
1.45%
12.4%
6.2%
