Interests, Abilities, Values
What are your ideals that are important to you and how you view the world?
Values
What is a grouping of jobs within the same occupational field and similar skills needed?
Career Cluster
What do we call the tax on the things you buy?
Sales Tax
What does Gross mean?
Before taxes or deductions are taken out
Ian works a summer job for June, July, and August. He makes $1000 per month. He doesn't work any other job all year. What is Ian's Gross Annual Income?
$3000
What are your natural talents? (You don't always enjoy these things though)
Aptitudes
What is one of the fastest growing professions in the last 10 years?
Healthcare support, personal care service, healthcare practitioner and technicians, community and social services, construction and extraction, computer and mathematical, business and financial operations, education / training / library
(It is okay if the group did not say one of these PERFECTLY)
What is a portion of one's personal income paid to the government?
Income Tax
What does Net mean?
After taxes or deductions are taken out
Preston's Gross Monthly Income is $3000. His taxes will be about 20% of his monthly paycheck. What is Preston's take home pay?
$2400
What are the things you like and enjoy doing?
Interests
100%
What is a social insurance system that provides benefits to most Americans who are retired, sick, or too disabled to work, as well as to families of workers who have died?
Social Security
Nicole works an hourly wage. Calculate Nicole's Gross Monthly Income if she makes $8.00 an hour and works 28 hours per week.
$896
Gabrielle's Gross Annual Income is $45,000 per year. Her monthly deductions are $400 for income tax, $100 for Social Security, and $60 for Medicare. What is Gabrielle's take home pay?
$3190
What are the things you do well?
Abilities
What degree makes more money and has a higher job security? Associate's Degree, High School Diploma, Master's Degree, Bachelor's Degree
Master's Degree
What is Medicare?
A social insurance program that extends health care coverage to almost all Americans 65 years of age and over
What do all of these mean? Gross Monthly Income, Gross Annual Income, Net Monthly Income, Net Annual Income
Gross Monthly Income - money made in one month before taxes are taken out.
Gross Annual Income - money made in one year before taxes are taken out
Net Monthly Income - money made in one month after taxes are taken out, take-home pay
Net Annual Income - money made in one year after taxes are taken out
Kelis's Gross Annual Income is $81,600 per year. Her monthly deductions are $700 for income tax, $310 for Social Security, and $95 for Medicare. What is Kelis's Net Monthly Income?
$5695
Name one of each: One of Ms. Butler's interests, abilities, and values!
Answers will vary:
Interest: Reading, Ability: Writing,, Value: Independence
Explain how higher education relates to careers.
Higher education gives people greater job security and a higher income, and a college degree is needed for many careers. More education usually means that you will get paid more money for the job you are doing.
What is the difference between a Progressive Tax and a Regressive Tax? Give an example of each.
What is the difference between an employer and an employee regarding a paycheck?
The employee works for the employer, and the employer provides the employee with a paycheck at the end of the pay period
Daisy makes $81,000 per year before taxes are taken out. Her monthly taxes are 14% for federal income tax, 4.5% for social security, 1.75% for Medicare, and 0.6% for local taxes. What is Daisy's Net Monthly Income?
$5342.62