Final 1/2

What is the gig economy?

A flexible market that allows you to work short-term, independent jobs

The ______ is flexible market that allows you to work short-term, independent jobs.

gig economy

All of the following may be parts of your benefits package available from your employer, except:

FICA

What does the W-2 form tell you?

How much you've earned and how much taxes you've paid in the last year.

A pack of 24 pencils is more expensive than 12 pencils, but why could buying the 24 pack be the better deal

The price of each pencil, or the unit price, is actually cheaper in the 24 pack

How does the government pay for roads, schools, and emergency services?

They are funded through taxes

What do you need in order to fill out your 1040?

W-2

What do you need in order to fill out your 1040?

All of the above (W-2, Your routing and bank number, A record of any other supplemental income)

How does a customer know whether a purchase may be a good deal

Both A & B (A large percentage of positive customer ratings offering detailed explanations & The items has the most features compared to other similar items)

What are possible red flags or signs of being scammed when buying a car

Both A & C (being told your financing fell through & charging of excessive fees)

Making a good purchasing decision requires __________.

Both choices ( comparing prices and features & reading consumer reviews)

How much your being paid is the only thing you need to consider when considering a job offer.

False

When considering a job offer, you should only consider how much your being paid before you accept the offer?

False

The gig economy offers _______.

Flexible, short-term, and independent jobs.

Which example shows an advantage of owning a car over leasing one

No restrictions on the number of miles to drive and the ability to customize, or make changes to the car

What is one of the best ways to get reliable information about a product

Searching online reviews

Which of the following is NOT an advantage to owning a car

Smaller down and monthly payments than leasing a car

How is an advertisement different from a comment from a regular consumer?

The advertisement is likely one-sided

When considering a job offer, you should consider how much you're being paid and any other employee benefits before accepting the offer?

True

your employer sends you a ___ form that tells you how much you've made and how much you've paid in taxes in the last year

W-2

What do you not need in order to fill out your 1040?

Your employer benefits documentation

when making a large purchase, you should avoid everything EXCEPT ___________

a price that fits comfortably in your budget

Which payment option is not accepted online?

cash

when you are deciding what to buy, you should...

comparing the unit prices of items similar to the one you want.

Which payment option could have interest charged to you?

credit card

the W-2 form is a form that tells you______.

how much taxes you've paid in the last year based on how much you've earned

When comparison shopping, all of these hint at a good deal EXPECT_______

lower-priced models offer more features

What can help you meet your budget while shopping for important items

prioritizing features to meet your needs

What is one of the best ways to get reliable information about a product

search online reviews

What is the purpose of the W-4 form?

to inform your employer of how much federal income tax to withhold from your paychecks

The price of a single item within a group of items is known is the _______ of the item.

unit price

What is the best reason for what someone would want to lease a house instead of buying one

They are planning on living there for a shorter period of time

The W-4 form is used to____.

tell your employer how much federal income tax to withhold from your paychecks to send to the IRS

How is a post from a social media influencer different than a comment from a regular consumer?

the influencer is paid to post the product

When you start a new job, you fill out a W-4 form, ______.

to determine how much federal income tax your employer should withhold from your check.

What do taxes pay for?

Schools, government departments, roads, and emergency services

Which of the following is NOT a warning of a scam when buying a car or other big purchases

a price that fits comfortably in your budget

Making a good purchasing decision requires __________.

All of the above (comparing the prices similar items, reading reviews of the product, waiting until the product is on sale)

Which of the following statements is true about taxes?

All of the above. ( taxes pay for school and government departments, taxes pay for roads and emergency services, and taxes are often used at the federal, state, and local levels.)

When you are deciding what to buy, you should not

Assume that buying the cheapest item is the smartest choice.

Which of the following is not considered part of your benefits package available from your employer?

Free technology equipment

why is figuring out the unit price of something useful when shopping?

It helps you determine the best deal.

Which fact supports the idea that renting is a good option for living in a place for a short period of time?

Landlords take care of most maintenance

healthcare, paid time off, disability insurance, and matching contributions to a retirement account are all types of ___ available from your employer

benefits

Which payment option takes money out of your bank immediately?

debit card

Which of the following is NOT a useful strategy when making an informed purchase

purchasing a product based on a social media influencer