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B) paid to the City of Hamilton and withdrawn from your bank account every month.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