TAXES/ TAX FORMS
WHAT DAY IS KNOWN AS TAX DAY
APRIL 15TH
What is a soft skill ? Example?
Example: communications, empathy, time management
Definition: personal qualities and traits that impact how you work
What is a resume?
A personal summary of your background, experience, training, and skills.
An opportunity to present your best qualities to an employer, the way you want to be seen.
CAR / AUTO INSURANCE DEFINITION IS
A policy/contract between a vehicle owner and an insurance company that provides financial protection against losses or damages resulting from car accidents, theft, or other vehicle-related incidents.
A contract/ insurance policy that protects policyholders from financial loss due to illness.
What is the difference between a tax return and a tax refund??
Tax Return: A tax return is a set of forms you file with the government each year by April 15th
Tax Refund: money returned to taxpayers by the government when they have overpaid their taxes throughout the year, usually through excessive withholding from paychecks or refundable tax credits.
What is a hard skill? Example?
job-related competencies and abilities that are necessary to complete work
Examples:
Computer/software skills ( Excel, PPT, etc.)
Foreign languages / bilingual
Coding
When is Miss Alex's birthday?
A) August 14th
B) September 14th
C) September 4th
Who is considered a Dependant?
Someone who is financially dependent on you to survive/ to live.
Children, spouses, the elderly in your care, etc.
What health/ medical insurance is federally funded/ paid for with tax dollars?
Medicare/ Medicaid
What is a W-4 FORM
A completed W-4 informs your employer of the correct amount of federal income tax to deduct and withhold from the employee's pay.
What forms will you most likely need to complete when getting a new job??
1-9 FORM
W-4 FORM
Direct Deposit form
What is the definition of Liability Protection?
A part of a home insurance policy that protects you/ insures you if someone gets injured on your property and decides to sue you.
What is a premium?
The amount you pay for an insurance policy (monthly, quarterly, semi-annually, annually, etc.) This payment keeps your insurance policy active / alive.
What is a deductible?
The amount of money you have to pay yourself before insurance kicks in/ the insurance company starts paying for a financial loss, or damage (home/auto).
What is a W-2? & What do we use this for at the beginning of every year??
A Form that an employer must send to an employee and the IRS at the end of the year to report the employee's annual wages and taxes withheld from their paycheck
Required when filing our tax returns.
When making a career decision, you should reflect on your _____.
Morals or values, interests, hard/soft skills, & personality type/traits.
What is a cover letter or letter of interest?
A one-page document sent with a resume to a potential employer to introduce yourself and express your interest/qualifications for a specific job position or posting/ program/internship.
Home / renters insurance is defined as
A policy that provides financial protection for your home and personal property in case of certain events, like damage or theft.
Life insurance is
A contract between you and an insurance company: In exchange for regular premium payments, the insurance company agrees to pay a designated amount of money (the death benefit) to your beneficiaries.
What is an I-9 Form???
Form I-9 is used to verify the identity and employment authorization of individuals hired for employment in the United States.
What does the STAR acronym from our interview prep stand for??
SITUATION YOU WERE IN
TASK AT HAND
ACTION YOU TOOK
RESULT
What is one of the most important things you should do in an interview?
Eye contact, Firm handshake,
STAR METHOD(clear/concise answers)
What is the definition of disability insurance?
A policy that provides income replacement if you are unable to work because of a medical condition, injury, or illness.
What is a beneficiary?
The person who receives money from a life insurance policy if the insured dies.