Salaries

Martha is an accountant and makes $67,000 per year. Her friend, Henry, is an auto mechanic and makes $37,000 per year. How much more will Martha make over the next 10 years than Harry?

• $300,000

• $104,000

• $670,000

• $633,000

(6.14H) Based on the following scenario, what is the difference in lifetime income over 30 years of employment for individuals with 2-year vocational training and graduate degrees?

2 year vocational training = $52,000 average annual salary

Post graduate degree = $76,000 average annual salary

• $720,000

• $7,200

• $7,200,000

• $72,000

(6.14D) Why is it important to establish positive credit history?

• Higher credit scores result in lower interest rates on loans.
• Positive credit history results in higher credit scores.
• You are more likely to be offered a loan by a bank.
• All of the above.

(6.14E) How long will a negative credit action usually remain on a credit report?

• 4 years

• 7 years

• 10 years

• 15 years

(6.14G) Jared's family has been saving $500 per month for his college education since Jared was born. How much money will Jared's family have saved up by the end of Jared's 18th year?

• $6,000

• $9,000

• $36,000

• $108,000

money subtracted from an account

• withdrawal
• deposit
• transfer
• balance

Tags

CCSS.RI.5.10

CCSS.RI.4.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.3.10

A cost that does not vary from month to month or week to week.

• Flexible Expense 
• Fixed Expense 
• Deposit 
• Debt 

Something that you pay is called....

• income
• an expense
• a profit
• savings

Tags

CCSS.RI.5.4

CCSS.W.5.2D

CCSS.W.4.2D

CCSS.L.4.6

CCSS.RI.4.4

Your income before payroll taxes are taken out of it.

• All the money in my Piggy Bank.
• Income
• Sales Tax
• Gross Income

Money paid to the government in exchange for services such as road maintenance and police protection.

• Gross Income
• Tax
• Payroll Tax
• What's left in my Piggy Bank