EVERFI Module 2 Income & Employment
(2024/25); Questions with Complete Solutions
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
, EVERFI Module 2 Income & Employment
(2024/25); Questions with Complete Solutions
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
(2024/25); Questions with Complete Solutions
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
, EVERFI Module 2 Income & Employment
(2024/25); Questions with Complete Solutions
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
