Which is a significant benefit of an apprenticeship?

It enables an individual to work in a full-time job and receive training

the money you take home after taxes

The exchange of goods between two people.

Which of the following benefits has the potential to earn you the most money?

401k or other retirement program

Which of the following best describes a certification?

A credential demonstrating specific skills or knowledge

Which of the following is true of college?

College may help you fulfill your personal and career goals.

What is one difference between a Bachelor's degree and an Associate's degree?

A Bachelor's degree requires more time and credits

How can people evaluate whether their education, career, and life goals align?

Analyze the costs of schooling, the career potential, and return on investm

A tax paid to a government for the sales of certain goods and services

A representation of a two-year degree program

Personal ambitions and goals need to align with the financial prospects

the money you earn before taxes

studbud

financial literacy thursday

20 termsStudBud Administration

Imported from external platform

Flashcards20 cardsFPractice quizPHost liveL

Questions 20

Answers

1
Which of the following is the biggest tax you pay?
Federal income tax
state tax
FICA social security
FICA medicare tax
2
Which might be found at the U.S.Department of Labor website?
info ab car insurance
career resources
facts a both mortgages
fed guidelines
3
Which of these is not a function of money?
a unit of account
a way to make trade difficult
a medium of exchange
a store value
4
Which is a significant benefit of an apprenticeship?
It allows a worker to keep working while attending night school.
It enables an individual to work in a full-time job and receive training
It helps an employer reduce the cost of overtime.
It reduces a student’s costs by allowing them to take online classes
5
What is net pay?
same as salary
your deductions
the money you take home after taxes
what u pay in taxes
6
what is bartering
Bargaining for the best price
an arrangement
borrowing to pay off debt
The exchange of goods between two people.
7
Which of the following benefits has the potential to earn you the most money?
free lunch program
child care benefits
two weeks paid time vacay
401k or other retirement program
8
Which of the following best describes a certification?
A diploma that is awarded by an unaccredited institution
A credential demonstrating specific skills or knowledge
A representation of a two-year degree program
An award that an organization gives for attending its classes
9
Which would be considered an unanticinated life Aynense?
furthering education
managing a long term illness
child care
10
which of these is a form of earning
theft
wages
inherited
lottery win
11
Of the following life goals, which is typically the most expensive?
saving for retirement
paying for college tuition
owning your own home
raising a child
12
Which employee benefits are not required by law?
minimum wage
family leave
wellness
unemployment
13
Which of the following is true of college?
Attending college is a guarantee of personal happiness.
College may help you fulfill your personal and career goals.
College costs money, but community college and trade schools are free.
College is the only way to get ahead in life.
14
What is one difference between a Bachelor's degree and an Associate's degree?
A Bachelor's degree requires more time and credits
An Associate's degree is usually free
15
which of these is a want and not a need?
food
baseball cap
shelter
health care
16
How can people evaluate whether their education, career, and life goals align?
Consider whether they want to go to college
Investigate whether there is growth in the jobs they want
Analyze the costs of schooling, the career potential, and return on investm
Examine where they want to live in the future
17
sales tax is
A tax paid to a government for the sales of certain goods and services
A flat-rate tax that applies to specific goods, services and activities
A tax-based on the value of owned property, including land,
A portion of one's personal income paid to a government
18
A representation of a two-year degree program
Planning for long-term goals is not as important as determining daily
Financial security is always more important than career interest
Personal ambitions and goals need to align with the financial prospects
19
what is gross pay
amount paid in social security tax
The amount withheld from your salary
the amount you take home
the money you earn before taxes
20
If too little is withheld on your IRS W-4 Form, you will:
not have to do nothing
owe additional taxes
Get a big tax refund (receive money)
not pass go or receive

financial literacy thursday Flashcards | StudBud