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D) paid to the City of Hamilton and withdrawn from your bank account every month.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