Test your knowledge! Select the best answer for each question.
1. What is the total amount of money earned *before* any deductions (like taxes) are taken out?
2. The amount of money you take home *after* taxes and other deductions is called your...
3. A person who organizes, manages, and takes on the financial risks of a new business is a(n)...
4. A fixed, regular payment, typically paid monthly or bi-weekly and expressed as an annual sum, is a...
5. A set of beliefs based on the moral virtues of hard work, diligence, and reliability is known as...
6. The environment of the workplace, including factors like safety, noise level, and company culture, is called its...
7. The process of continuing to learn and develop new skills throughout your life, even after you've finished school, is called...
8. A specific task or position you are paid to do (e.g., "cashier at the grocery store") is a...
9. A long-term professional journey that may include many different jobs over many years is a...
10. A temporary position, often unpaid, where a student gains work experience in a field they are interested in is a(n)...
11. Working 40 hours per week is typically considered...
12. Working fewer than 40 hours per week is considered...
13. An official document required by law to practice certain professions (like being a doctor, hairstylist, or lawyer) is a...
14. A credential you earn that proves you have specific skills (like in CPR or a software program), but isn't always required by law, is a...
15. The level of physical effort required to perform a job (e.g., heavy lifting, standing all day) is its...
16. A formal meeting where an employer asks a potential employee questions to see if they are a good fit for the job is an...
17. The future forecast or predicted growth for a particular job or industry is its...
18. The opportunity to move up to a higher-level position in a company is called...
19. What is a 2-year college degree, often from a community college?
20. A 4-year college degree from a university is called a...
21. A graduate degree that comes *after* a Bachelor's degree and typically takes 1-2 years is a(n)...
22. The highest level of academic degree, often required for university professors or high-level researchers, is a...
23. Money earned based on the specific number of hours you work (e.g., $15 per hour) is called...
24. The total amount of money you earn in one full year is your...
25. (Application) If your Gross Pay is $1,000 for a pay period and $200 is taken out for taxes, what is your Net Pay?