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
