EVERFI Module 2 Income & Employment Questions and Answers 100% Pass

Generally, the more education you receive, the higher your lifetime earnings will be. True There is no relationship between the level of education received and lifetime earnings. False For most careers, which degree will most likely result in the highest lifetime earnings? Bachelor’s Degree What is net pay? The amount of money you’re paid after all taxes and deductions are taken out of your paycheck. Net pay is NOT __. Your gross pay plus any bonuses. The amount of money you’re paid, after all taxes and deductions are taken out of your paycheck is called? Net pay 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 is NOT a possible tax or deduction that could show up on your paycheck? Sales tax Which of the following is NOT a possible tax or deduction that could come out of your paycheck? Overtime pay 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 W-4 tax form is used to _. tell your employer how much federal income tax to withhold from your paychecks to send to the IRS. When you start a new job, you fill out a W-4 form to _. to determine how much federal income tax your employer should withhold from your paychecks 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 does the W-2 form tell you? How much you’ve earned and how much taxes you’ve paid in the last year. 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 Which of the following statements is true about taxes? All of the above What do taxes pay for? Schools, government departments, roads, and emergency services How does the government pay for roads, schools, and emergency services? They are funded through taxes. The _ is a flexible market that allows you to work short-term, independent jobs. gig economy What is the gig economy? A flexible market that allows you to work shortterm, independent jobs. The gig economy offers __ Flexible, short-term, and independent jobs. An economic system in which assets or What do you need in order to fill out your 1040? All of the above What do you NOT need in order to fill out your 1040? Your employer benefits documentation What do you need in order to fill out your 1040? Your W-2 When considering a job offer, you should only consider how much you’re being paid before you accept the offer False When considering a job offer, you should consider how much you’re being paid and any other employee benefits before you accept the offer. True How mGenerally, the more education you receive, the higher your lifetime earnings will be. True There is no relationship between the level of education received and lifetime earnings. False For most careers, which degree will most likely result in the highest lifetime earnings? Bachelor’s Degree What is net pay? The amount of money you’re paid after all taxes and deductions are taken out of your paycheck. Net pay is NOT __. Your gross pay plus any bonuses. The amount of money you’re paid, after all taxes and deductions are taken out of your paycheck is called? Net pay 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 is NOT a possible tax or deduction that could show up on your paycheck? Sales tax Which of the following is NOT a possible tax or deduction that could come out of your paycheck? Overtime pay 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 W-4 tax form is used to _. tell your employer how much federal income tax to withhold from your paychecks to send to the IRS. When you start a new job, you fill out a W-4 form to _. to determine how much federal income tax your employer should withhold from your paychecks 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 does the W-2 form tell you? How much you’ve earned and how much taxes you’ve paid in the last year. 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 Which of the following statements is true about taxes? All of the above What do taxes pay for? Schools, government departments, roads, and emergency services How does the government pay for roads, schools, and emergency services? They are funded through taxes. The _ is a flexible market that allows you to work short-term, independent jobs. gig economy What is the gig economy? A flexible market that allows you to work shortterm, independent jobs. The gig economy offers __ Flexible, short-term, and independent jobs. An economic system in which assets or What do you need in order to fill out your 1040? All of the above What do you NOT need in order to fill out your 1040? Your employer benefits documentation What do you need in order to fill out your 1040? Your W-2 When considering a job offer, you should only consider how much you’re being paid before you accept the offer False When considering a job offer, you should consider how much you’re being paid and any other employee benefits before you accept the offer. True How much you’re being paid is the only thing you need to consider when considering a job offer. False uch you’re being paid is the only thing you need to consider when considering a job offer. False Generally, the more education you receive, the higher your lifetime earnings will be. True There is no relationship between the level of education received and lifetime earnings. False For most careers, which degree will most likely result in the highest lifetime earnings? Bachelor’s Degree What is net pay? The amount of money you’re paid after all taxes and deductions are taken out of your paycheck. Net pay is NOT __. Your gross pay plus any bonuses. The amount of money you’re paid, after all taxes and deductions are taken out of your paycheck is called? Net pay 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 is NOT a possible tax or deduction that could show up on your paycheck? Sales tax Which of the following is NOT a possible tax or deduction that could come out of your paycheck? Overtime pay 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 W-4 tax form is used to _. tell your employer how much federal income tax to withhold from your paychecks to send to the IRS. When you start a new job, you fill out a W-4 form to _. to determine how much federal income tax your employer should withhold from your paychecks 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 does the W-2 form tell you? How much you’ve earned and how much taxes you’ve paid in the last year. 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 Which of the following statements is true about taxes? All of the above What do taxes pay for? Schools, government departments, roads, and emergency services How does the government pay for roads, schools, and emergency services? They are funded through taxes. The _ is a flexible market that allows you to work short-term, independent jobs. gig economy What is the gig economy? A flexible market that allows you to work shortterm, independent jobs. The gig economy offers __ Flexible, short-term, and independent jobs. An economic system in which assets or What do you need in order to fill out your 1040? All of the above What do you NOT need in order to fill out your 1040? Your employer benefits documentation What do you need in order to fill out your 1040? Your W-2 When considering a job offer, you should only consider how much you’re being paid before you accept the offer False When considering a job offer, you should consider how much you’re being paid and any other employee benefits before you accept the offer. True How much you’re being paid is the only thing you need to consider when considering a job offer. False