Types of expenses, types of accommodations
  • 1. Income Tax is:
A) paid to the City of Hamilton and withdrawn from your bank account every month.
B) paid to the federal government and deducted from your gross pay.
C) paid by you after the government tells you how much you need to pay.
D) automatically refunded to you every April.
  • 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) always very expensive.
B) always part of a high-rise building.
C) a fancy apartment that you can rent.
D) an apartment that you can buy.
  • 4. A semi-detached house
A) shares only one wall with a neighbour.
B) is in very poor repair and has one wall that is open to the outside.
C) is an "end unit" in a housing complex.
D) has a "finished" basement with a full bathroom and kitchen.
  • 5. Typically, this type of accommodation is the least expensive:
A) a rented room
B) a townhouse
C) the upstairs of a house
D) a bachelor apartment
  • 6. Which of the following is a "non-essential" expense?
A) shelter
B) internet
C) hydro
D) groceries
  • 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) 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) gym
B) laundry facilities
C) free parking space
D) swimming pool
  • 9. CPP is:
A) the Canadian Provincial Police.
B) the Cannabis Prevention Police
C) a pension plan that all Canadians pay in to.
D) a pension plan that only certain Canadians have access to.
  • 10. If Abdulhamid pays $950 per month in rent, how much does he pay annually?
A) $79.17
B) $962
C) $11,400
D) $9,500
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