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
