Economics

Free technology equipment

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

gig economy

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

FICA

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

Bachelor's Degree

For most careers, which degree will most likely result in the highest lifetime earnings?

benefits

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

they are funded through taxes

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

Net pay

The amount of money you're paid after all taxes and deductions are taken out of your paycheck

false

There is no relationship between the level of education received and lifetime earnings

Your employer benefits documentation

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

W-2 form

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

A W-4 form is used for

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

true

Generally, the more education you receive, the higher your lifetime earnings will be

false

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

taxes pay for

Schools, government departments, roads, and emergency services

all of the above

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

true

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

false

When considering a job offer, you should only consider how much you're being paid before you accept the offer.

overtime pay

Which of the following is NOT a possible tax or deduction that could come out of your paycheck?

sales tax

Which of the following is NOT a possible tax or deduction that could show up on your paycheck?

All of the above

Which of the following is a possible tax or deduction that they may show up on your paycheck?

all of the above

Which of the following statements is true about taxes?

W-2

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.

Net pay is NOT

Your gross pay plus any bonuses