Personal Finance Question Preview (ID: 50260)


This Goes Along With SS8E3. TEACHERS: click here for quick copy question ID numbers.

What term refers to the money one regularly earns through employment.
a) Income
b) Outcome
c) Tips
d) None are correct

True or False: One of the negatives to earning commission is there is no guarantee you will get paid.
a) True
b) False
c)
d)

True or False: Many salaried employees are allowed to receive overtime pay.
a) True
b) False
c)
d)

True or False: Low skill jobs are jobs that do not require an extensive educational background but may not have high wages.
a) True
b) False
c)
d)

True or False: Minimum wage is the lowest wage permitted by law; in the U.S. it is currently $15.00 an hour.
a) True
b) False
c)
d)

What term describes a plan for what to spend and what to save?
a) budget
b) retirement
c) spend/save plan
d) none of these are correct

What does buying things when you cannot afford them lead to?
a) debt
b) happiness
c) temporary fun
d) long-term sorrow

What term means a loan of money toward the purchase of something one cannot afford out-of-pocket?
a) Credit
b) Stupidity
c) The American Way
d) Financial irresponsibilty

True or False: Sixty-eight percent of 2015 bachelor's degree recipients graduated with student loan debt.
a) True
b) False
c)
d)

True or False: Digital learning is fun!
a) True
b) False
c)
d)

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