AnswersCPS Online Personal Finance fall – 3-2027Careers, Salaries, and Lifetime Income

Careers, Salaries, and Lifetime Income — Unit test Answers

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1
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A
6.25 percent
B
8.5 percent
C
10 percent
D
10.85 percent
2
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Which is a kind of federal payroll tax?

A
medicare tax
B
sales tax
C
property tax
D
progressive tax
3

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A
W-2
B
W-4
C
1040
4

What is the job outlook for a US postal worker?

A
The career is growing and will provide more opportunities over time.
B
The career is growing and will provide fewer opportunities over time.
C
The career is shrinking and will provide more opportunities over time.
D
The career is shrinking and will provide fewer opportunities over time.
5

What is one difference between a vocational school and on-the-job training?

A
A vocational school degree takes one year to earn. On-the-job training takes two or more years.
B
A vocational school degree takes weeks or months to earn. On-the-job training takes two years or fewer.
C
A vocational school is usually paid for by the worker. On-the-job training is usually paid for by the employer.
D
A vocational school is usually paid for by the employer. On-the-job training is usually paid for by the worker.
6

Which describes a type of tax that people pay on money they earn?

A
flat tax
B
income tax
C
purchase tax
D
progressive tax
7

This table compares the requirements for a career as an athletic trainer or an air traffic controller. A student who is interested in becoming an air traffic controller will make

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A
more money than an athletic trainer but will have a harder time finding a job.
B
more money than an athletic trainer and will have an easier time finding a job.
C
less money than an athletic trainer but will have an easier time finding a job.
D
less money than an athletic trainer and will have a harder time finding a job.

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