Taxes
The Internal Revenue Service (IRS) is the federal government agency responsible for:
Tax collection and tax law enforcement.
What is the difference between net pay and gross pay?
Net is after deductions. Gross is before.
Which of the following should NOT be a major consideration when it comes to selecting your career path?
1. What you are naturally good at.
2. What your interest are.
3. What your parents think you should do.
3.
Name two things you should bring to a job interview
Resume, Cover letter
This tax pays for benefits that workers and families receive for either Social Security or Medicare:
Federal Insurance Contribution Act (FICA)
The government relies on taxes to?
Pay for services such as roads, education, and social services
Any income that is generated by working
Earned Income
What are some characteristics of an effective personal goal?
It should be measurable and specific.
During your first interview with a company, you should not?
Ask about salary.
Income generated by selling an investment at a high price than you paid for it:
Portfolio Income
Sales tax and excise tax are both taxes on:
Consumption
The process by which we "market" ourselves to others by highlighting personal strengths, interests, unique qualities and identifying goals:
Personal Branding
When a company hires you, you will fill out a __________________ form. The information on this form is the basis for determining how much income tax should be withheld from your paycheck.
W-4
Since the job market constantly changes, odds are that you will work in more than one career field in your lifetime. True or False?
True.
Taxes paid out by anyone who earns an income
Income taxes
What day are income tax filings due in the United States?
April 15
A federal insurance program funded by taxpayer dollars that provides benefits to people who are retired, unemployed or disabled:
Social Security
The amount of money a profession brings should be your first priority in selecting your career path. True or False?
False
After an interview, you should be patient and wait for the employer to contact you so that you don't appear overly eager for the position. True or False?
False
Taxes on goods and services that goes to your state or local government
Sales Tax
The amount of income left after taxes have been deducted
Net Pay
Money earned on a regular basis with little or no effort required to maintain it, for example, rental income from real estate:
Passive Income
What kind of shoes are most important for a woman to wear to an interview?
Closed toe, Low Heel
A brief account of one's professional or work experience and qualifications, often submitted with an employment application:
Resume
Taxes paid by anyone who owns property such as land, a home or commercial real estate:
Property taxes