quiz 1

Commission is _____. a fee paid to an employee for their sale or services the portion of your wages that you get to take home the amount subtracted from your gross pay interest you earn on your savings account

a fee paid to an employee for their sale or services

To become an architect, you need six years of education. To become a physical therapist, you need two years of education. Which career do you think pays a higher salary? architect physical therapist

architect

Work environment is one _____ that you could consider when making a career decision. alternative criteria revenue occupation

criteria

A dividend is _____. money earned from a savings account money you pay when buying stock money a company shares with the stockholders money you earn when you sell property for more than the purchase price

money a company shares with the stockholders

In three or four sentences, describe why the vice president in a company makes a very high salary while a person who works in human resources at the same company makes much less?

vp has to have education. vp is a very skilled job and only a few can do it. anybody can do human resources. human resoucres requires less education

Choose all that apply. Select sources of income. wages from your job a rent check from someone renting a property you own interest deposited into your savings account commission for a sale

wages from your job, a rent check from someone renting a property you own, interest deposited into your savings account, commission for a sale

If you wanted to find the job description for a certain job, where should you look? newspaper Web sites or books about careers history book social-networking Web site

web sites or books about careers

People's income is affected by choices they have made about careers, education, and skill development. True False

true

David's gross pay was $450, and his total deductions were $49. What is his net pay? $499 $401 $450 $49

$401

When you receive your paycheck stub, you should _____. check it to make sure it is correct and save it for your records give it to your employer use it to calculate the taxes you owe attach it to your tax return

check it to make sure it is correct and save it for your records

The company you work for deposits money into your retirement plan. This is an example of a/an _____. tax payment bonus employee benefit

employee benefits

Interest you receive from a bank is not considered income. True False

false

You should not use the PACED decision-making process to make career choices. It should mostly be used for financial decisions. True False

false

Choose all that apply. Select all deductions that may be taken on your paycheck. federal taxes Medicare Social Security interest on your savings account state taxes amount you pay for health insurance

federal taxes Medicare Social Security state taxes amount you pay for health insurance

There are many different sources of income. Usually, most of an adult's income comes from _____. dividends rent taxes salary

salary

Richard bought stock for $200 and sold it for $300. The $100 he earned is an example of _____. capital gains dividends interest rent

capital gains

Some factors that affect income are _____. skills, gender, race, and friends education, friends, social networking, and experience education, skills, supply and demand, and experience supply and demand, location, career choice, and goals

education, skills, supply and demand, and experience