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The number one reason people lose their jobs is due to?

• lack of experience

• lack of conflict resolution

• lack of money knowledge

• not fast enough

When something satisfies your needs or wants, it is called?

• utility

• shopping spree

• hard work

• none of the above

What is meant by Use Value?

• Whatever is most helpful to you at the time is what is most valuable.

• Whatever feels right to you at the moment.

• If you cannot use something, save it because you will need it later.

• It can be any of these.

What is principle?

• The starting amount in an account. The amount borrowed on loan.

• The monies that are given to you through a gift.

• Room and board

• Mr. Ramirez

Are taxes taken from your paycheck even before the money touches your hands.

• Federal withholding taxes

• Medicare

• Social Security

• Child Support

Money earned through a paid position.

• credit

• debit

• debt

• income

What us FICA consist of?

• Health insurance

• Social security and Medicare

• Federal and State Taxes

• Employer sponsored retirement

FICA percentage is

• 8.75

• 2.75

• 7.65

• None of the above

What is the difference between gross pay and Net pay?

• Gross pay is before taxes and deductions are subtracted. Net is your take home pay.

• Net pay is before taxes and deductions are subtracted. Gross is take home.

• There is no difference.

• None of these are correct.

Why is it important to understand paycheck stubs and taxes?

• To avoid someone paying you incorrectly and stealing from you.

• So you can do your own payroll.

• So you can do your own taxes.

• To avoid fees.