Types of expenses, types of accommodations
  • 1. Income Tax is:
A) automatically refunded to you every April.
B) paid to the federal government and deducted from your gross pay.
C) paid to the City of Hamilton and withdrawn from your bank account every month.
D) paid by you after the government tells you how much you need to pay.
  • 2. Employment Insurance is:
A) money deducted from your pay that can be used in case you lose your job.
B) a lump-sum payment given to you by your employer if you lose your job.
C) money that you must save yourself in case you lose your job.
D) money given to you by the Ontario government when you are unable to work anymore.
  • 3. A condo is
A) always very expensive.
B) an apartment that you can buy.
C) a fancy apartment that you can rent.
D) always part of a high-rise building.
  • 4. A semi-detached house
A) is an "end unit" in a housing complex.
B) shares only one wall with a neighbour.
C) has a "finished" basement with a full bathroom and kitchen.
D) is in very poor repair and has one wall that is open to the outside.
  • 5. Typically, this type of accommodation is the least expensive:
A) a rented room
B) a bachelor apartment
C) a townhouse
D) the upstairs of a house
  • 6. Which of the following is a "non-essential" expense?
A) groceries
B) shelter
C) hydro
D) internet
  • 7. Abdi is paid bi-weekly. Which statement is correct?
A) He is usually paid twice a month. And twice a year, he is paid three times in a month.
B) He is always paid twice a month.
C) He is paid every 25th of the month.
D) When he is paid depends on his rate of pay.
  • 8. Efrah lives in an apartment, which of these amenities must she have?
A) swimming pool
B) laundry facilities
C) gym
D) free parking space
  • 9. CPP is:
A) a pension plan that all Canadians pay in to.
B) the Canadian Provincial Police.
C) a pension plan that only certain Canadians have access to.
D) the Cannabis Prevention Police
  • 10. If Abdulhamid pays $950 per month in rent, how much does he pay annually?
A) $79.17
B) $962
C) $9,500
D) $11,400
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