Financial Management Ch. 11

Sales tax and excise tax are both taxes on: 

The process by which we “market” ourselves to others.

More education and work experience leads to better income and choice of jobs (in general)

Things like 401K, health care, and other optional accounts are all considered ___ on a paycheck

During your 1st interview with a company, you should

Which of the following is a characteristic(s) of an effective personal goal?

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

Goals should be challenging but attainable

Early work experiences prior to your career job have no benefit other than providing an income.

With the current job market, most people on average

Which of the following should be important when it comes to selecting your career path?

 When applying for a job, you should:

Any income (wages/salary) that is generated by physically working on a job.

After you have written a goal, you should put it away and take it out in a year to check it.

After a job interview you should wait until the employer calls you and not bother them.

Taxes paid on things like house, land, commercial real estate, or automobile

 The day that income tax filings are due in the United States. i.e. "Tax Day"

 When it comes to mentoring, you should NOT:

This tax includes Social Security and Medicare.

You should only focus on one goal at a time

What you earn, before anything is taken out =

Taxes paid by anyone who earns an income.

Which of the following statements about taxes is FALSE?

IRS (Internal Revenue Service) is federal agency responsible for

The government relies on taxes to:

Federal program funded by taxes that provides retirement and disability benefits

The amount of money a career brings should be your first priority in selecting your career.

You should expect to achieve same standard of living as your parents as soon as you graduate

When a company hires you, you will fill out a ______ form.

Main source of revenue for local governments

An account of professional or work experience and qualifications, submitted with an application

Goals should have time limits

What you "take home" after all deductions and taxes are removed =

Money earned on a regular basis with little or no effort required to maintain it.

You should share your goals with the people closest to you

Taxes on goods and services; usually go to state and local governments.