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TAXES
100

What is a landlord and what are their responsibilities.

They are the owners of the land you may be renting. They are responsible for anything technical that may go wrong such as a pipe bursting.

100
T/F

IT IS IMPORTANT TO FOLLOW UP AFTER A JOB INTERVIEW.

TRUE!

IT IS GOOD TO SEND A THANK YOU FOR THE INTERVIEW LETTER AND REMIND THEM THAT YOU ARE INTERESTED.

100

What is interest?

MONEY PAID REGULARLY FOR MONEY LENT. WHEN YOU GET A LOAN YOU WILL HAVE TO PAY BACK MORE THAN YOU BORROWED. LONGER THE TIME IT TAKES YOU TO PAY IT BACK, THE MORE YOU OWE.

100

What are two cleaning products that should never be combined?

Bleach and ammonia

100

Can you do your taxes by yourself?

Yes! you can get tax forms from places like the post office, complete them and return to the IRS.  

200

How do you put out a grease fire?

Smother it with something like baking soda.  DO NOT pour water on it!

200

WHAT IS A COVER LETTER?

A 1 PAGE EXPLANATION FOR WHY YOU SHOULD BE HIRED

200

Scenario: you're at a restaurant that doesn't take any cards, but they do have an ATM. You have your credit card and your debit card. Which one should you NOT pull money from, and why?

What is your credit card. Money from your debit comes from your account and should be either free to pull out or there may be a small fee if the ATM isn't affiliated with your bank. Money from a credit card is called a cash advance, because it's money you're borrowing from your credit card. It costs significantly more to get cash this way.

200

Scenario: you're about to microwave some food, but you're not sure what to put it on or in. Which of these 3 options are safest to put in the microwave? 

Glass bowl, ceramic bowl, metal bowl, paper bowl, brown paper bag, Styrofoam bowl, plastic container, aluminum foil container.

Metal or aluminum = flames/sparks/explosions

Brown paper bags can catch fire.

Styrofoam melts and leaches chemicals into the food.

Many types of plastic can leach chemicals (BPA, etc) into the food.

200

When is tax season?

January 2, 2020 to April 15, 2020

300

What are utilities?

THEY ARE WHAT YOU PAY MONTHLY ON TOP OF YOUR RENT. DEPENDING ON YOUR LEASE, THIS COULD BE ELECTRICITY, WATER, INTERNET, TV, ETC.

300

WHO WOULD BE A GOOD REFERENCE?

FORMER OR CURRENT TEACHERS/PROFESSORS, SUPERVISORS, ADVISORS, EMPLOYERS.

NOT FAMILY OR FRIENDS

300

HOW DO YOU BUILD CREDIT AND IS IT ABSOLUTELY NECESSARY TO HAVE?

REMAIN OUT OF DEBT. PAY BILLS BEFORE THE DUE DATE. IT IS NOT ABSOLUTELY NECESSARY TO HAVE.

300

Scenario: water has begun to gush out of the base or bowl of your toilet. What. do. you. do.

What is reach behind the toilet and turn the silver valve to stop the water flow. 

The next step is to use a plunger to try and dislodge whatever is clogging the drain. If that fails, you can try to snake the drain using a manual or mechanized snake (metal tubing that can break up clogs in your drain). Sometimes all else fails and you have to call a plumber.

300

What is a W-2 Form?

A W-2  in an Internal Revenue Service tax form used in the USA to report wages paid to employees.  

400

How often should you change the oil in your vehicle?

3000 - 5000 miles depending on the vehicle and the type of oil you put in.

400

What are the three parts of an effective accomplishment statement?

A verb, an action, the result.

400

Let's say you missed some car payments and tanked your credit. How long before that "falls off" your credit history?

What is 7 years.

400

Before you dig on your property, you're supposed to call a certain number. What's the number, and why are you supposed to call?

What is 811, so you don't accidentally hit a gas line and cause a gas leak.

400

How do you know if you are required to file taxes?

You are required to pay taxes if your annual income in greater than $12,200.  This is the IRS though so double check!

500

How should laundry be separated?

DARKS, COLORS, WHITES, DELICATES

500

What is the essential underlying purpose of business?

SERVICE, solving problems for people.

500

Scenario: you've taken out a credit card so you can begin to build a credit history. Name one low-risk way to use this card. Then name the pitfall many young people with credit cards run into.

What is use the card for small things (e.g., gas and groceries) you can actually afford out of your current funds, and then pay it off each month. 

What is max it out on things you can't really afford to pay for (TVs, vacations, clothes, etc.) and then have to deal with the mountain of debt and interest later on down the road.

500

You need to travel outside the country. Where can you go to get a passport? 

VARIOUS GOVERNMENT OFFICES: POST OFFICE, MUNICIPLE COURT & MORE.

500

What is a flexible spending account?

A flexible spending account is an account you put money into that you use to pay for certain out of pocket health care costs.  You do not pay taxes on this money.