Financial Peace Quiz 11

Résumé

A brief account of one's professional or work experience and qualifications

Social security

A federal insurance program funded by taxpayer dollars that provides benefits to people who are retired, unemployed, or disabled

Cover letter

A letter that is always accompanied by a résumé; used to inform a prospective employer of your interest and capabilities as they relate to a specific employment as they relate to a specific employment opportunity

Giving

After taxing 20-25% of $27,000, it only leaves you about $600 a month for things like transportation, clothes, cable, and a cell phone- not to mention saving, ________, and having fun with your friends

Earned income

Any income that is generated by working

750

Average rent on a one-bedroom apartment in most cities is about $_______ a month

Your

Be ______ goals. The goals have to be your own. Not what others want you to do

Specific

Be _______. Don't just say, "I am going to save for a car." Have a _______ car and a ______ price in mind

Measurable

Be ________. Give yourself a time limit and some other measure of achievement

Written

Be _________ down. A _______ goal is also a powerful reminder that you can use to keep you on track

27,000

College graduates who actually get a job out of college might start out with $35,000-$45,000 a year. But if you factor in the graduates who are unemployed or underemployed because they can't find work in their career field, the average salary drops to around $_________

You; need

Companies do not start out looking for ______. They have a specific ______, and they need someone to meet it

Naturally

Deciding on a career is not as hard as you think. Ask yourself: what do you love to do? What are you ________ good at?

Follow up

Designate a time to _____ ____ after the interview

Target; learn

Develop a strategy: Identify your _______ job/employer and ______ everything you can about them

Taxes

Don't expect to see all of that $27,000 come home with you. That's because ______ will eat up 20% to 25% of your paycheck

Confused

Don't get money and happiness ________

Time limits

Have ______ ________. Plan to accomplish your goals by a specific date

1. Write them down 2. Refute them with truth 3. Share your voices

How will you defeat your voices

Excellence

If you do what you love and do it with ________ you won't have to worry about money

Portfolio income

Income generated by selling an investment at a higher price than you paid for it

Networking

Interviews and jobs come from persistent follow-up and ___________

Letter

Introduction ________: The primary purpose of an introduction ______ is to intorduce yourself to a company

Making; fixing

Invest time in ______ your decision rather than spending time ________ it later

Budget

It is crucial to know how to _______ now

Product; time; name; handshake; eye

Present yourself well. You are the ________, so make it the best one available. Be on _______, address everyone by _______, offer a firm, confident _______, and maintain ______ contact at all times

Enjoy

Remember, just because a particular job pays well doesn't mean it will be something you ________

Consumption

Sales tax and excise tax are both taxes on

Property taxes

Taxes paid by anyone who owns property such as land, a home or commercial estate

Income tax

Taxes paid out by anyone who earns an income

Tax collection and tax law enforcement

The IRS is federal government agency responsible for

You; normal

The job market constantly changes-and so do _______. Even if you decide the career you chose doesn't fit you 10 years from now, it's not the end of the world. It's actually _______

Personal Branding

The process by which we "market" ourselves to others; involves highlighting personal strengths, interests and unique qualities and identifying goals

False

True/False: Taxes are an optional contribution to local, state and federal governments

True

True/false: Once you've defined your dream, your goals should be the practical application of how you're going to accomplish your dream

Present yourself well, get there 15-20 min. early, dress professionally, and be yourself

What are some important things to do when interviewing for a job

Gross income is what you get before deductions and net income is what you have after taxes

What is the difference between gross and net income

Net pay describes your pay after deductions; gross pay is before

What is the difference between gross and net pay

It helps you understand different people

Why is it important to understand different personality styles

Yes; because sometimes you get in a desperate situation and need money

Would you do something you did not like in order to make a higher income? Why or why not

Shadow

You can experiment by getting a part-time job, volunteering, or just _______ someone on a job you are interested in