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ECON - Unit 2a BOOM
Test Description: SSEPF1, SSEPF2, SSEPF5, SSEPF8
Instructions: Answer all questions to get your test result.
1) A mortgage is a special type of loan used to buy...
A
bonds
B
a car
C
a house
D
stocks
2) Cash, property, and investments are included in:
A
generational wealth
B
pay stubs
C
soft skills
D
work-study programs
3) Hourly wages, salary, tips, and dividends are types of:
A
checking accounts
B
income
C
scholarships
D
taxes
4) The Federal Tax Form 1040 is used to:
A
apply to college
B
get a car loan
C
determine generational wealth
D
file income taxes
5) A person's net worth is the value of assets...
A
####
B
###
C
MINUS the liabilities
D
PLUS the liabilities
6) Cash, home value, and retirement accounts are included in:
A
soft skills
B
hard skills
C
net worth
D
taxation systems
7) When using a progressive tax system, as your income increases...
A
the tax rate stays the same
B
the tax rate decreases
C
####
D
the tax rate increases
8) The capital gains tax is a government fee on profits made from...
A
inheriting wealth
B
owning your own business
C
selling stocks and real estate
D
the estate tax
9) Skills that are job-specific and require training... are known as:
A
###
B
soft skills
C
####
D
hard skills
10) Having good 'people skills' or 'interpersonal skills' are usually associated with:
A
soft skills
B
###
C
hard skills
D
####
*select an answer for all questions
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