D/S Unit 3 Review Question Preview (ID: 34353)

D/S Final Review. TEACHERS: click here for quick copy question ID numbers.

Which of the following is not a good option when it comes to paying for your education?
a) Ask your parents to take out a loan
b) Plan ahead
c) Fill out the FAFSA
d) Get a part-time job

Which of the following statements is false?
a) All high-paying careers require a four-year college degree.
b) On-the-job training often combines a professional trainer, hands-on activities and formal classroom training.
c) Students wanting to learn specific skills can look into free or low-cost certifications found online or at community college
d) An associateʹs degree is a two-year degree that can offer specialized training and a flexible schedule

A wise college plan does not include:
a) Finding the most expensive, prestigious college so that you can impress future employers
b) Scoring well on the ACT or SAT
c) Shopping around for the most appropriate, low-cost academic option for your career choice
d) Creating a budget and starting to save now

The Internal Revenue Service (IRS) is the federal government agency responsible for:
a) Tax collection and law enforcement
b) Writing tax laws
c) Filling out your tax forms
d) All of these

What is the difference between gross pay and net pay?
a) Net pay describes your pay after deductions; gross pay is before.
b) Gross pay describes your pay after deductions; net pay is before.
c) Gross and net pay are the same.
d) None of the above

When applying for a job, you should:
a) All of these
b) Follow up with the employer
c) Present yourself well
d) Provide a resume and cover letter

The day that income tax filings are due in the United States:
a) April 15
b) June 15
c) January 1
d) December 1

This tax pays for benefits that workers and families receive for either Social Security or Medicare.
a) Federal Insurance Contribution Act (FICA)
b) Sales tax
c) State income tax
d) Excise tax

Our culture thinks student loan debt is normal and that itʹs an acceptable way to pay for college.
a) True
b) False

A four-year degree is necessary regardless of which career youʹre entering.
a) False
b) True

Since the job market constantly changes, odds are that you will work in more than one career field in your lifetime.
a) True
b) False

Early work experiences prior to your career job really have no benefit other than providing a small income.
a) False
b) True

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