Getting Paid
This is what you must do if your employer does not automatically deduct taxes from your paycheck.
What is making your own arrangements to pay your taxes?
This is a skill that is transferable to any job (the name of it not an example)
What is a soft skill?
This is the type of student aid that does need to be repaid.
What is a loan?
This is the term for someone who starts a business.
What is an entrepreneur?
Name one way you have invested in your human capital or will invest in your human capital
Going to school, reading, getting a job, talking with others, etc
This is your gross income when you work 10 hours a week, make $30 and hour, and get paid every three weeks.
What is $900?
This is a skill that will benefit you in some jobs but not others
What is a hard skill?
Name two types of loans we have looked at in class.
What are PLUS Loans, Federal Perkins Loans, and bank loans?
This is what's true of all people who start a business (entrepreneurs)
What is taking a risk?
This is the purpose of a career assessment.
What is matching your skills, abilities, and interests with jobs/careers that match these skills/abilities/interests?
This is how an employer compensates you other than salary/wage (Examples: health insurance, PTO, childcare, discounts, etc).
What are employee benefits?
Two word phrase to describe the skills, education, and experiences that make you valuable to employers
What is human capital?
These are the two biggest reasons why education/college are valuable
What is higher earnings and lower unemployment?
This is what's lost by an entrepreneur when they turn their partnership/sole proprietorship into a corporation.
What is control (or profits)?
Name three ways you could fund your own college education.
What is loans, grants, work study, scholarships, a part-time job, or money from my parents?
This is equal to net income plus deductibles.
What is gross income?
Provide three examples of soft skills
Communication, people skills, organizational skills, time management, etc.
This is the application (opening in October) that determines what type of need-based student aid a student is eligible for.
What is the FAFSA (Free Application for Federal Student Aid?
Where do sole proprietorships/partnerships get the money to grow their business?
What is their profits?
This is why getting a degree in fields like nursing/engineering/business are usually worth the money.
They allow you to make more than you would have if you'd never gone to college.
This is your net income when you earn $5.00 an hour, works 20 hours a week, and gets paid every 3 weeks. Every pay period he pays $50.00 into federal withholdings tax, $30.00 into state withholdings tax, and $40.00 into FICA (Social Security Tax).
What is $180?
Provide three hard skills necessary to be a teacher
Utilizing Skyward, putting demerits in Kickboard, creating lesson plans, using PowerPoint, grading student work, disciplining students
The three types of student aid that do NOT need to be repaid.
What is work study, scholarships, and grants?
Name three successful entrepreneurs
What is Elon Musk, Bill Gates, Mark Zuckerberg, etc?
This is why everyone should fill out the FAFSA even if you don't think you will be eligible for aid
Most people qualify for some form of financial aid.