Relating income and career unit review

4 January 2024
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15 test answers

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question
Which factors positively affect lifetime income? Check all that apply.
answer
post-secondary education employee benefits salary vocational training throughout career
question
Which describes a type of tax that people pay on money they earn?
answer
income tax
question
Mariana wants to research a career in veterinary medicine. Where could she find accurate and objective information? Check all that apply.
answer
She could speak with a career counselor. She could visit the library and check out a book from the career section about veterinarians. She could visit the online site for the US Bureau of Labor and Statistics.
question
What is the job outlook for a US postal worker?
answer
The career is shrinking and will provide fewer opportunities over time.
question
Richard's annual college expenses are expected to total $17,745. He will receive $5,320 in grants. How much will Richard need to contribute to his annual college expenses?
answer
$12,425
question
Which are shown on a balance sheet? Select three choices.
answer
assets liabilities time period
question
What is one difference between a vocational school and on-the-job training?
answer
A vocational school is usually paid for by the worker. On-the-job training is usually paid for by the employer.
question
Which statement best describes lifetime income?
answer
the total salary and retirement benefits for all the years worked
question
What is Natalie's net income for the month of October?
answer
$1,930.00
question
Quincy listed his assets and liabilities.Cash Rent Stocks Jewelry Student Loan Utilities. Which are Quincy's assets? Select three choices.
answer
cash stocks jewelry
question
Step 1List all income, including tips and commissions, and list all expenses, including food, entertainment, and clothing.Step 2Total all the income. Then total all the expenses.Step 3Add the total of the income and the expenses. Which explains Lauren's error?
answer
Lauren made an error in step 3 because she should have subtracted the expenses from the income.
question
A ---- form must be filled out when someone is hired for a job to determine how much income tax will be withheld.
answer
W-4
question
Yasmine plans to attend a four-year public university. She expects she will need to contribute $9,000 annually to her education. Which savings plan will help Yasmine save enough money to pay for one year of school, regardless of whether or not interest is earned on her savings?
answer
$200 per month for 4 years
question
Which describes a set amount of pay received by a worker over the course of a year?
answer
salary
question
This table compares the requirements for a career as an athletic trainer or an air traffic controller. A student who is interested in becoming an air traffic controller will make
answer
more money than an athletic trainer but will have a harder time finding a job.