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Financial Literacy 002 Flashcards | StudBud
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Financial Literacy 002
How can you save college costs?
When should you apply to college?
Financial Literacy 002
23 terms
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Financial Literacy
Flashcards
23 cards
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Answers
1
When should you apply to college?
freshman year
when you're 30
8th grade
early senior year
2
How can you save college costs?
go out to eat 3 times per week
join the military
don't go to college
buy a 5 car garage
3
Should an employee be loyal to her/his job?
no
Chicken wing
maybe
yes
4
What is paid leave?
paid time off for holidays, vacation, and illness
it does not exist
you get paid to leave or quit your job
you get paid and then have to pay it back
5
What are benefits?
knowing friends at work
non-wage compensation provided to employees
being late to work
getting food
6
How can living at home make college cheaper?
your parents give you free money
never
no
you don't have to pay for living on campus
7
What is investing?
lay-away
purchasing clothes at a store
buying something in hopes that it increases your money
putting money in the bank
8
What are examples of benefits?
free car
free vacation
food
medical, vision, dental
9
Which of the following are not considered employee benefits?
tuition assistance
child care services
car and home insurance
life insurance
10
What is a salary?
benefit package
position
fixed regular payment
type of job
11
_________ is about getting on with your work without anyone telling you to.
intelligence
teamwork
learning
self-management
12
Do you have to pay back paid leave?
yes
sometimes
I did and they took it
no
13
Which US state has the highest pay rate?
North Pole
Rhode Island
Washington State
California
14
What is minimum wage in RI?
$9.80 per hour
$10.00/ hr
$6.80 per hour
$9.60 /hr
15
What is a 401 (K)
your paycheck
taxes
money that the employer gives to people in need
retirement savings plan, sponsored by an employer
16
What is gross pay?
total money received before taxes are taken out
it's too gross to talk about!
money collected each year
free taxes
17
What is the average number of days that full-time employees usually receive?
0
30
5
10
18
At what age should you start saving?
never
at the age of 18
as soon as possible
at the age of 60
19
What does the average American make per year?
$70,000
$32,000
$50,000
1 million
20
General _____ skills that employers want include being able to use a computer
math
job
working
technology
21
Does an employee have to be a team player?
yes
no
Don't feel like answering
IDK
22
What are the advantages of going to an in-state college?
less tuition fees
more classes offered
more students attending
a lot of your friends go there
23
Should you ask a guidance counselor for help?
no
yes
what?
Ask your doctor instead
