ECON - Unit 2a BOOM Question Preview (ID: 62435)
SSEPF1, SSEPF2, SSEPF5, SSEPF8.
TEACHERS: click here for quick copy question ID numbers.
A mortgage is a special type of loan used to buy...
a) a house
b) a car
c) stocks
d) bonds
Cash, property, and investments are included in:
a) generational wealth
b) pay stubs
c) work-study programs
d) soft skills
Hourly wages, salary, tips, and dividends are types of:
a) income
b) taxes
c) checking accounts
d) scholarships
The Federal Tax Form 1040 is used to:
a) file income taxes
b) apply to college
c) determine generational wealth
d) get a car loan
A person's net worth is the value of assets...
a) MINUS the liabilities
b) PLUS the liabilities
c) ###
d) ####
Cash, home value, and retirement accounts are included in:
a) net worth
b) taxation systems
c) hard skills
d) soft skills
When using a progressive tax system, as your income increases...
a) the tax rate increases
b) the tax rate decreases
c) the tax rate stays the same
d) ####
The capital gains tax is a government fee on profits made from...
a) selling stocks and real estate
b) the estate tax
c) inheriting wealth
d) owning your own business
Skills that are job-specific and require training... are known as:
a) hard skills
b) soft skills
c) ###
d) ####
Having good 'people skills' or 'interpersonal skills' are usually associated with:
a) soft skills
b) hard skills
c) ###
d) ####
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