Taxes
How old do you have to be to collect social security tax?
65
The amount of money you get BEFORE taxes are taken out?
Gross Income
Why is it important to know WHO YOU ARE when thinking about careers?
So you like what you do
Is it true that people who own property pay taxes? Give me an example if it's true.
True - Owning a home
How old do you have to be to collect Medicare?
65
What is social security?
The amount of money in your paycheck AFTER taxes and deductions are taken?
Net income
What are your abilities?
The things you do well.
Is it true that people who purchase items pay taxes? If it is true give me an example?
True - The dollar tree isn't just a dollar for an item, it's actually $1.07.
Who pays for the money given to people over 65 (social security)?
People under 65.
What is income tax?
A tax on income from wages, tips and rent. CANDY
The amount of money made over a MONTH before deductions are taken out?
Gross monthly income
CANDY
You took a survey that guided you to a career cluster. What is a career cluster?
Group of jobs in the same field that require similar skills
Is it true that people who have jobs pay taxes? If so, give me an example.
True - employees have taxes taken out of their paycheck each pay period.
True or False - Unemployment tax a MAIN type of tax?
False
OCTUPUS
What are three types of income that are taxed?
Wages, tips, rent
The amount of money made in a year BEFORE deductions are taken out?
Gross annual income
CANDY
When is career planning done?
Throughout your entire lifetime.
What are the two federal government programs people pay in the form of taxes that help people over the age of 65?
Social Security and Medicare
What are two types of federal taxes?
Social security and medicare
What are 3 MAIN types of taxes?
Income, sales, property
Why are there taxes taken out of paychecks?
To support government programs (Medicare and social security) and infrastructure (roads, bridges) and education.
Is salary the most important thing to look at when career planning?
No, if you don't consider your abilities and interests you may be in a job you hate.
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What is the purpose of taxes?
To improve roads, schools and other public projects AND to support government programs.