College

### Match each type of value with the correct description.

**Column A**

1. Inner values
2. Social values
3. Physical values
4. Financial values

**Column B**

a. Related to our desire to belong or build relationships with others
b. What we think or believe about money
c. How we see ourselves or how we believe others see us
d. The tangible aspects of life, such as material possessions or health

---

### You have been given a diamond and a bottle of water. You have also been stranded on a desert island for days and you are dehydrated. Based on the paradox of value, which item is more valuable to you and why?

a. Diamond; it is more helpful in the current situation
b. Diamond; it can yield more item return at a later time
c. Water; it is more helpful in the current situation
d. Water; it can yield more item return at a later time

---

### Which of the following statements best defines utility?

a. What you can obtain for an item at a later time
b. How well something satisfies a person's wants or needs
c. What we lose by giving up the other provided choice
d. How helpful an item is given the context of a current situation

---

### Now that you are in Middle School, you should already have your full future career plan decided.

True
False

---

### Adam loves to be outdoors. He likes to take things apart and put them back together. He likes to build forts and treehouses in his backyard. He is considering a career in Construction. Which factor is he considering when choosing this career?

a. His interests
b. His skills
c. His personality
d. His values

---

### Amaya is really great at Science. She has the highest grade in her class. She is especially good at botany (taking care of plants) and her teacher has asked her to be in charge of all of the class plants this year. She is considering owning her own plant shop or nursery in the future. Which factor of choosing a career is being considered here?

a. Her interests
b. Her skills
c. Her personality
d. Her values

---

### Carlos has always been very quiet and reserved. He doesn't like to be in large groups of people and he isn't comfortable talking to people he doesn't know. He got a summer job working at the local amusement park and doesn't seem to enjoy his job at all. Which factor of choosing a career did Carlos not consider when taking the job?

a. His interests
b. His skills
c. His personality
d. His values

---

### The most important thing in the world to Courtney is her family. Even though she is grown up, she still lives in her hometown, just minutes away from her parents. They spend every weekend together. Courtney was recently offered a promotion at work. While the salary is significantly higher, it would require her to work longer hours and to travel out of state at least twice per month. She decides to decline the position, because she knows she would hate being away from her family that much. Which factor of choosing a career did Courtney consider?

a. Her interests
b. Her skills
c. Her personality
d. Her values

---

### Andrea works at a job where she earns an hourly rate of $15 per hour. Last week, she worked 30 hours. If she is paid each week, how much would her paycheck be for last week before taxes?

a. $1,000
b. $450
c. $400
d. $375

---

### Without taxes, the government would not be able to pay for the services they provide.

True
False

---

### The money you make in your paycheck BEFORE any deductions are made is called your _____ pay.

a. Gross
b. Net
c. Total
d. Discretionary

---

### The amount of money you will receive from your paycheck AFTER deductions are taken out is called _____ pay.

a. Gross
b. Net
c. Total
d. Discretionary

---

### FICA taxes on a paycheck are used for what two purposes?

a. Federal and state taxes
b. Health Insurance and Medicare
c. Social Security and Income Taxes
d. Social Security and Medicare

---

### Which of the following is NOT an example of a voluntary paycheck deduction?

a. Employee paid insurance
b. Social Security
c. 401K
d. Life Insurance

---

### Studies show that the level of education is directly related to someone's lifetime income.

True
False

---

### When paying for college, a grant is money that you will have to pay back in the future.

True
False

---

### Jose is paid based on the following wage chart. Regular pay applies to anything up to 40 hours. After 40 hours, he makes overtime pay on the remaining hours. Last week, Jose worked 50 hours. What will his gross pay be for last week?

a. $750
b. $550
c. $500

---

### Below is a copy of Jose's most recent paystub. What is Jose's gross pay for this pay period?

a. $1335.00
b. $1021.56
c. $445
d. $340.52

---

### Below is Jose's most recent paystub. How much has Jose paid in Federal tax so far this year?

a. $35.60
b. $106.80
c. $8.90
d. $26.70

Answer :

Matching each type of value with the correct description is as follows:

Values Descriptions

1. Inner values: c. How we see ourselves or how we believe others

see us.

2. Social values: a. Related to our desire to belong or build

relationships with others.

3. Physical values: d. The tangible aspects of life, such as material

possessions or health.

4. Financial values: b. What we think or believe about money

3. Based on the paradox of value, the item that is more valuable is c. Water; it is more helpful in the current situation.

4. The best definition of utility is b. How well something satisfies a person's wants or needs.

5. False. Now that you are in Middle School, you should already have your full future career plan decided.

6. The factor Adam is considering when choosing this career in Construction is a. His interests.

7. The factor Amaya is considering in choosing a career in Botany is b. Her skills.

8. The factor Carlos did not consider when taking the summer job at the amusement park is c. His personality.

9. The factor Courtney considered in declining the promotion is d. Her values.

10. Andrea's paycheck before taxes for last week would be b. $450.

11. Indeed, without taxes, the government would not be able to pay for the services they provide. It is True.

12. The money you make in your paycheck BEFORE any deductions are made is called your a. Gross pay.

13. The amount of money you will receive from your paycheck AFTER deductions are taken out is called b. Net pay.

14. FICA taxes on a paycheck are used for d. Social Security and Medicare.

15. b. Social Security is NOT an example of a voluntary paycheck deduction.

16. True. Studies show that level of education is directly related to someone's lifetime income.

17. False. When paying for college, a grant is money that you will have to pay back in the future.

18. Jose's gross pay for last for working 50 hours will be b. $550 at $10 per hour and one and a half for overtime.

19. Jose's gross pay for this pay period is assumed to be a. $1,335 without the pay stub.

20. This is not easy to calculate without the pay stub. However, we can guess that Jose has paid b. $106.80. It could be less.

Data and Calculations:

18. Gross Pay:

Normal hourly rate = $10

Total hours worked = 50 hours

Overtime rate = 1¹/₂ of $10

Gross pay = $550 ($10 x 40 + $15 x 10)

Learn more about the gross pay at https://brainly.com/question/25273589

#SPJ1