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A) paid to the City of Hamilton and withdrawn from your bank account every month.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