Finance and Career Planning

Can a married person withhold at the same rate as a single person?

Yes

resume

a summary of your education, qualifications, training, and work history

potential earning powert

amount of money you may earn over time

How can you learn more about your own abilities, interests, and personal qualities as they relate to career planning?

aptitude test and interest inventory

Why is it neccessary for the employee to sign the W-4 form?

because this form insures they do not have too much or too little income withheld from your check

service industries

business that provide services for fee, offer employment potential in coming years

career

commitment to work in a field that you find interesting and fulfilling

What is the reason why working parents increased resulting in a higher demand for food services

demographic trends change over time

Form W-4 purpose?

determine the tax withholding

trends

developments that mark changes in a particular area

What factors will affect your salary?

education and experience

Form W-4 line 6 you can withhold extra money from your paycheck why would someone do this?

if they owe taxes then they can off set the amount or if their not getting a refund you can pay a little more to get a refund

informational interview

meeting with someone who works in your area of interest who can provide information with the career or company you're considering

What are 2 methods that you might use to grow & develop your career

mentor or rolew model/ keep up with technology

cover letter

personal letter that you present along with your resume

cooperative placements

programs that allow students to enhance classroom learning and work part-time related to their majors and interests

cafeteria-style employee benefits

programs that allow workers to choose the benefits that best meet their personal needs

standard of living

quality of life based on the amounts and kinds of goods and services a person can buy

pension plan

retirement plan that is funded by your employer

Three factors that influence emploment opportunities

social influences, trends, and economic factors

Give an example of a problem solvers

solve conflict between employees

demographic trends

tendencies of people grouped by age, gender, ethnicity, education or income that changes over time

geographic trends

tendencies of people moving from one area of the country to another as financial centers shift location

interest inventories

tests that help you identify the activities you enjoy the most

aptitudes

the natural abilities people possess

How could a person be exempt from having withholdings taken from his or her pay?

1.) Last year(2012) you had no tax if they had a right to refund of all federal income tax withheld because you had no tax liability. 2.) This year (2013) you expect a refund of all federal income tax withheld because you expect to have no tax liability

internship

A position in which a person receives training by working with people who are experienced in a particular field.

networking

A way of making and using contacts to get job information and advice

What are three characteristics of successful people?

Team players, problem solvers, communication skills

Give an example of great communication

understands themselves and others

What are 3 ways through which you might obtain employment experience?

volunteering, internship, & part-time job

job

work that you do mainly to earn money

Give an example of a team player

work well with others