Personal Finance: Module 3- Careers

1. Complete online form 2. College determines your financial aid 3. Financial aid determined by Student Aid Report 4. Student aid will be sent directly to college

Describe the process for filing out the FASFA form

$262.50

Jon has worked 35 total hours for the two weeks. If he earns $7.50 an hour and is paid every two weeks, what is his gross pay for the last two-week pay period?

1. Test drive a future career 2. Research growth prospects

List 2 ways that you can invest in yourself by doing career- planning homework

1. Overtime pay 2. Commission 3. Tips

List 3 ways that you can be compensated for a job in addition to an annual salary

1. Vacation time 2. Paid leave 3. Health insurance 4. Company vehicle 5. Flexible schedule 6.Tuition assistance

List 6 typical benefits of a full- time job

1.Perkins loan 2. Federal Stafford loan 3. Sub/Unsubsidized

List several federal student loans available to college students

1. Take online interest surveys 2. Talk to a current employee

List two examples of things you can do for career preparation

False

Martin does not have to pay income taxes on the cash tips he received while working his shift at the car wash

$26, 480

Monique earned a $22,880 annual salary ($11 an hour). She started the job with paid leave for 5 vacation days and five sick days. Plus, her employer pays the $300 monthly premium for health insurance. What is Monique's total annual compensation?

True

Typical employee benefits. for full time positions, include paid time off for holidays, vacation, and illness.

1. Changing your major 2. Catch-up classes 3. Campus- hopping

What are 3 college traps to avoid?

1. Federal Income tax 2. FICA tax 3. State Income tax 4. Local Income tax

What are 4 main taxes that you can expect to have deducted from your paycheck?

1. Get a job 2. Save smart 3.Join the military

What are several ways to ease education costs?

Gross pay is the total income you earn and net pay is the total income after deductions

What is the difference between gross and net pay?

False

You can expect to receive the same employee benefits wherever you work full time

$319.10

cont. After 3 months on the job, Jon received a 50- cent raise and now has insurance benefits. He worked 35 hours one week and 42 hours the second week. His deductions totaled $270.90. What is his net pay?