Deck 8: The Impact of Society on Family Decisions

Question 1

Employees are responsible for providing information necessary to ensure that the proper amount is deducted regularly from their wages by completing and submitting ______.

A) a W-2 form
B) a W-4 form
C) a Social Security number
D) a 1040 form

Answer 1

a W-4 form

Question 2

An example of a public benefit that is provided through tax dollars would be ______.

A) bedroom furniture
B) theater tickets
C) roads
D) electricity

Answer 2

roads

Question 3

Sales taxes are imposed on consumer purchases by ______.

A) states and cities
B) city governments over 20,000 population
C) the federal government
D) county governments

Answer 3

states and cities

Question 4

Social Security taxes are used for all EXCEPT ______.

A) retirement benefits
B) survivor benefits
C) disability benefits
D) childcare benefits

Question 5

Over a lifetime of working, the number of credits a person needs to receive retirement benefits through Social Security is ______.

A) 20
B) 40
C) 60
D) 80

Question 6

Joseph is 62 years old and has decided to retire because of poor health. What will happen to his retirement benefits?

A) He will lose all retirement benefits.
B) He will not get benefits until age 65.
C) He will receive a reduced rate of payments.
D) He will receive full benefits because of his health.

Question 7

Gavin is 70 years old and has decided to continue to work until he is no longer able to work physically. What will happen to his retirement benefits?

A) He will begin to receive reduced payments even if he is working.
B) He will not be able to get benefits until age 75.
C) He will receive benefits as soon as his health becomes a problem.
D) He will receive a higher rate of payments.

Question 8

At age 65, a spouse who did not work outside the home will be eligible to receive retirement benefits of what percentage of their husband/wife's benefits?

A) 30%
B) 50%
C) 80%
D) 100%

Question 9

To be eligible for disability benefits, a qualified worker will have to wait ______.

A) until the paperwork is completed
B) 3 months
C) 6 months
D) 1 year

Question 10

Through funding under the Older Americans Act, the Administration on Aging provides services to millions of older persons. Examples of these include all EXCEPT ______.

A) investment management
B) transportation
C) home-delivered meals
D) adult day care

Question 11

The U.S. Department of Agriculture provides food assistance programs that include all EXCEPT ______.

A) Food Stamp Program
B) National School Lunch Program
C) commodity food resources
D) Meals on Wheels

Question 12

The consumer credit statute that protects consumers from credit discrimination on the basis of sex, race, marital status, religion, national origin, age, or receipt of public assistance is the ______.

A) Consumer Leasing Act
B) Equal Credit Opportunity Act
C) Truth in Lending Act
D) Fair Credit Reporting Act

Question 13

The consumer credit statute that protects the consumer from creditor manipulation and requires creditors to disclose in writing certain cost information is the ______.

A) Consumer Leasing Act
B) Equal Credit Opportunity Act
C) Truth in Lending Act
D) Fair Credit Reporting Act

Question 14

The division of the Federal Trade Commission that enforces federal consumer protection laws by filing actions in court against fraudulent scam artists is the Division of ______.

A) Marketing Practices
B) Planning and Information
C) Enforcement
D) Advertising Practices

Question 15

Legal ramifications exist for children who do not attend school within the age limits of expected attendance. This non-attendance is also known as ______.

A) truancy
B) delinquency
C) compulsory
D) performancy

Question 16

The percentage of funding for public schools that comes from the federal government is ______.

A) none; all funding is state and local
B) 10%
C) 20%
D) 30%

Question 17

John and Carmen are not very involved in their son Caleb's school. According to recent studies, one reason may be ______.

A) they work long hours
B) they want Caleb to be independent
C) they don't like the principal of the school
D) they had bad experiences as students themselves

Question 18

The percentage of children who attend public schools is ______.

A) 40%
B) 65%
C) 80%
D) 95%

Question 19

One alternative to public education where the state is essentially outsourcing education is known as ______.

A) a charter school
B) home schooling
C) a parochial school
D) a military school

Question 20

When viewing public education in terms of supply and demand, the demand is guaranteed by the law and the supply is determined by ______.

A) number of children of school age in the United States
B) funding available through taxes
C) quality of teachers
D) equality of all who want education

Question 21

Employers are required to deduct employee tax liabilities during the payroll process.

Question 22

Self-employed workers are not required to pay federal tax.

Question 23

All states in the United States tax residents' income.

Question 24

The person who is in the higher earnings bracket ultimately pays less Social Security tax.

Question 25

Social Security retirement payments are based on the average earnings during the last 10 years of employment.

Question 26

If you continue to work after your full retirement age, you can receive higher benefits because of additional earning and special credits for delayed retirement.

Question 27

To receive disability benefits, a worker must have documentation of a physical impairment that is expected to prevent him or her from working for the rest of his or her life.

Question 28

Medicare liability is calculated evenly among the poor, middle-class, and wealthy.

Question 29

To be eligible for unemployment benefits, a worker must have worked at least 2 years.

Question 30

The U.S. Food and Drug Administration blends law and science in an effort to protect consumers.

Question 31

The Credit Practices Rule is responsible for the protection of an individual's personal information gathered by creditors.

Question 32

The Fair Credit Reporting Act protects consumers from credit discrimination on the basis of sex, race, marital status, religion, national origin, age, or receipt of public assistance.

Question 33

Over 100 countries participate with the Federal Trade Commission's International Marketing Supervision Network, an international network of consumer protection law enforcement.

Question 34

Public schools were not formed until the late 1800s in the United States.

Question 35

The first public schools were a part of local churches and included religious instruction.

Question 36

Head Start and Early Head Start are comprehensive child development programs, which serve children from birth to age 5, pregnant women, and their families.

Question 37

Control and coordination of public education fall within the realm of the state governments.

Question 38

During the early 1800s, schools became more bureaucratized and school personnel became more professionally organized.

Question 39

Charter schools are publicly funded but are controlled by parents and administration.

Question 40

Home schooling curriculum and the person responsible for delivery of the curriculum (usually the parent) are regulated by each state.

Question 41

What are the three primary types of federal taxes that wage earners pay?

Question 42

What is the purpose of the W-4 form when employed?

Question 43

How do local tourism taxes help a community?

Question 44

Explain how federal tax liabilities are proportional.

Question 45

Explain why Social Security benefits paid are usually deferred?

Question 46

What are the requirements to be eligible for Social Security retirement benefits?

Question 47

How has longevity impacted the Social Security program?

Question 48

Describe the purpose of the National School Lunch Program.

Question 49

In what two ways does the U.S. Food and Drug Administration protect public health?

Question 50

What are the seven areas of enforcement for the Bureau of Consumer Protection?

Question 51

Identify and describe one of the U.S. consumer credit statutes.

Question 52

What is the role of the Federal Trade Commission's Office of Consumer and Business Education?

Question 53

Identify and describe an example of a privately funded assistance program in your area.

Question 54

Explain the link between compulsory school expectations and the Industrial Revolution.

Question 55

What role does the community play in the public education system?

Question 56

What do parents expect as an outcome for their involvement with their child's education?

Question 57

What are some reasons why parents become less involved in their child's education when they reach middle school and high school?

Question 58

Identify some alternatives to public education.

Question 59

Explain the concept of school vouchers.

Question 60

Discuss the impact that local sales taxes have on a community.

Question 61

Discuss the factors that will need to be taken into account when determining the age of retirement.

Question 62

Considering the various taxes that wage-earners and employers pay, how equitable is the tax system for Americans?

Question 63

Analyze the benefits and costs of FDA safeguards for food and drugs.

Question 64

Explore the role of the local, state, and federal government in the public education system. Include a discussion of the positive elements and negative constraints for each.