Taxes
Mandatory government spending includes which of the following?
2
You are starting your first job and you are asked to complete some paperwork on your first day. Which form will determine how much money is withheld from your paycheck for taxes?
W-4
Soft skills can be best described as...
Skills that allow a person to work effectively with others
Why should you personalize each thank you note you send after an interview?
To make a lasting impression on each interviewer
What is one way a cover letter differs from a resume?
It highlights your personal story and interest in the position
What does the term "withholding" mean in reference to your paycheck?
How much is being taken out of your paycheck for things like taxes, employer sponsored health insurance, and retirement
Kailey has a part-time job that pays $12/hour and works about 50 hours every month. Her withholdings are Social Security (6.2%), Medicare (1.45%) and federal income tax (10%). What is her approximate net pay?
$500
Abygail is working on her first resume and has no previous work experience. What can she do to boost her resume?
Emphasize her education and highlight her strong GPA
In general, what is an advantage of going to college, compared to starting full-time work directly after high school?
Have access to higher-paying jobs
When should you begin acting like your interview has started?
As soon as you encounter anyone in/around the organization you’re interviewing with
When do you start paying income taxes?
When you make more than the minimum income requirement
Adrianna just accepted a new job and is working with the company’s HR department to fill out paperwork. Which of the following steps is she responsible for?
Complete a W-4 form
What is the purpose of a resume?
To highlight your work experience and qualifications
Maintaining a safe and professional digital footprint means...
You post responsibly, remembering what you post may affect you and other people
What should you expect to do within the first 2 weeks of starting a new job?
Complete a direct deposit, health insurance enrollment, and W-4 form
Why is it important to be extremely careful when completing your 1040 form?
The 1040 form determines whether you owe additional taxes or are entitled to receive a refund from the government
What is the name of the tax form that requires you to provide identification and proves you are eligible to work in the U.S.?
I-9
What is the STAR method?
A framework for effectively responding to common interview questions
What should go in the “About” section of your LinkedIn profile?
A 2-3 sentence summary highlighting your professional qualifications
What is the best definition of an “independent contractor”?
A self-employed person who provides goods, services, or labor to others
Select the type of tax system that best fits the following description: “High income earners pay a higher percentage of their income in taxes than low income earners.”
1
When you complete your 1040 form, if you overpaid your taxes and the government owes you money, that is called a __________.
refund
What is the purpose of a 401(k) plan?
To save for retirement
A resume should…
Highlight your most relevant skills and experience
How will being self-employed impact your finances, compared to working full-time for a single employer?
You will need to purchase your own health insurance benefits