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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
a car
B
stocks
C
bonds
D
a house
2) Cash, property, and investments are included in:
A
pay stubs
B
soft skills
C
work-study programs
D
generational wealth
3) Hourly wages, salary, tips, and dividends are types of:
A
scholarships
B
taxes
C
income
D
checking accounts
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
MINUS the liabilities
B
####
C
###
D
PLUS the liabilities
6) Cash, home value, and retirement accounts are included in:
A
hard skills
B
net worth
C
taxation systems
D
soft skills
7) When using a progressive tax system, as your income increases...
A
the tax rate increases
B
the tax rate stays the same
C
####
D
the tax rate decreases
8) The capital gains tax is a government fee on profits made from...
A
selling stocks and real estate
B
inheriting wealth
C
owning your own business
D
the estate tax
9) Skills that are job-specific and require training... are known as:
A
soft skills
B
###
C
####
D
hard skills
10) Having good 'people skills' or 'interpersonal skills' are usually associated with:
A
####
B
hard skills
C
###
D
soft skills
*select an answer for all questions
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