PFL Module 3 Test Questions With All
Correct Answers.
Which of the following strategies has the most potential to prevent you from boosting your earning
potential? - Answer Changing jobs every 3 months with different employers to learn new skills and gain
experience
Luiz has worked 35 hours each of the past two weeks. If he earns $7.50 an hour and is paid every two
weeks, what is his gross pay for the last two-week pay period? - Answer $525.00
7.5 x (35*2)= 525
During her first year on the job, Monique earned a $22,880 annual salary ($11 an hour). She started the
job with paid leave for five vacation days and five sick days. Plus, her employer pays the $300 monthly
premium for health insurance. What is Monique's total annual compensation? - Answer $26,480
22880+(300*12)
Luiz earned $7.50 an hour and is paid every two weeks. After three months on the job, Luiz received a
50-cent raise and now has insurance benefits. He worked 35 hours one week and 42 hours the second
week of the recent pay period. And his deductions totaled $217.90. What is his net pay? - Answer
$406.10
Which of the following is a major factor in helping you achieve your financial goals? - Answer your job
choice
Janelle is considering a future career in graphic design. Which one of these summer jobs has the most
potential to help Janelle jumpstart her career? - Answer an advertising assistant for the local
newspaper: minimum wage job that requires proofreading and setting up ads in the weekly newspaper
Ben really enjoys outdoor activities. When he isn't working, he's biking, hiking, sailing, or training to run
marathons. Which of the following criteria would Ben think is the LEAST important as he decides on a
career to support his lifestyle? - Answer high-paying
, Why would someone want to start his or her own business rather than work for someone else? - Answer
able to make own business decisions regarding what services or products to sell
Of the following types of jobs, which would be the best option to support the hobby of Alison, who
performs in a band for area festivals, dances, and receptions? - Answer dental assistant
Janelle is applying to work a full-time job next summer. So far, her only paid work experience has
involved babysitting. She's worried that she lacks the skills and experience needed to get a summer job
at a local business. What should Janelle tell an employer who asks about her work experience?
a. Summarize the skills she developed while living in Spain as an exchange student.
b. Point out the skills and responsibilities required when she was paid to provide child care.
c. State the skills used when she participated in school plays and classroom activities.
d. All of the these - Answer d/all of the these
Which is an example of an opportunity cost related to earning potential? - Answer Reduce income by
cutting back on work hours to have time to attend classes at the local community college.
An employer-sponsored retirement savings plan is ... - Answer a valuable employee benefit.
true or false:
One of the single greatest assets an individual has is earning power. - Answer t/true
true or false:
Martin does not have to pay income taxes on the cash tips he received while working his shift at the car
wash. - Answer f/false
true or false:
You can expect to receive the same employee benefits wherever you work full-time. - Answer f/false
Correct Answers.
Which of the following strategies has the most potential to prevent you from boosting your earning
potential? - Answer Changing jobs every 3 months with different employers to learn new skills and gain
experience
Luiz has worked 35 hours each of the past two weeks. If he earns $7.50 an hour and is paid every two
weeks, what is his gross pay for the last two-week pay period? - Answer $525.00
7.5 x (35*2)= 525
During her first year on the job, Monique earned a $22,880 annual salary ($11 an hour). She started the
job with paid leave for five vacation days and five sick days. Plus, her employer pays the $300 monthly
premium for health insurance. What is Monique's total annual compensation? - Answer $26,480
22880+(300*12)
Luiz earned $7.50 an hour and is paid every two weeks. After three months on the job, Luiz received a
50-cent raise and now has insurance benefits. He worked 35 hours one week and 42 hours the second
week of the recent pay period. And his deductions totaled $217.90. What is his net pay? - Answer
$406.10
Which of the following is a major factor in helping you achieve your financial goals? - Answer your job
choice
Janelle is considering a future career in graphic design. Which one of these summer jobs has the most
potential to help Janelle jumpstart her career? - Answer an advertising assistant for the local
newspaper: minimum wage job that requires proofreading and setting up ads in the weekly newspaper
Ben really enjoys outdoor activities. When he isn't working, he's biking, hiking, sailing, or training to run
marathons. Which of the following criteria would Ben think is the LEAST important as he decides on a
career to support his lifestyle? - Answer high-paying
, Why would someone want to start his or her own business rather than work for someone else? - Answer
able to make own business decisions regarding what services or products to sell
Of the following types of jobs, which would be the best option to support the hobby of Alison, who
performs in a band for area festivals, dances, and receptions? - Answer dental assistant
Janelle is applying to work a full-time job next summer. So far, her only paid work experience has
involved babysitting. She's worried that she lacks the skills and experience needed to get a summer job
at a local business. What should Janelle tell an employer who asks about her work experience?
a. Summarize the skills she developed while living in Spain as an exchange student.
b. Point out the skills and responsibilities required when she was paid to provide child care.
c. State the skills used when she participated in school plays and classroom activities.
d. All of the these - Answer d/all of the these
Which is an example of an opportunity cost related to earning potential? - Answer Reduce income by
cutting back on work hours to have time to attend classes at the local community college.
An employer-sponsored retirement savings plan is ... - Answer a valuable employee benefit.
true or false:
One of the single greatest assets an individual has is earning power. - Answer t/true
true or false:
Martin does not have to pay income taxes on the cash tips he received while working his shift at the car
wash. - Answer f/false
true or false:
You can expect to receive the same employee benefits wherever you work full-time. - Answer f/false
