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Careers, Income & Budgeting REview Flashcards | StudBud
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Careers, Income & Budgeting REview
Careers, Income & Budgeting REview
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1
Earnings before taxes
net pay
gross pay
2
Variable Expenses?
Rent Payment
Car Payment
House Payment
Gas
3
SMART goals are an important part of financial success. What does the R stand for?
Realistic
Really good
Rest
Recognizable
4
Purpose of resume
Resumes don't matter.
Showing off your headshot
To show off your skills
Give your potential employer a first impression of you
5
YTD stands for on a pay stub?
yellow trade deficit
yield trade dividends
year to date
young trade dividends
6
An objective of a resume....
states the job you are applying for
states you have no clue what you want to do
states your SMART goals
states your life plan
7
Fixed Expenses?
Gas
House Payment
Clothes
Utilities
8
How should you close out an interview?
thank the interviewer
Ask how much you will make
Walk out
9
SMART goals are an important part of financial success. What does the S stand for?
Smart
Savvy
Specific
Studious
10
SMART goals are an important part of financial success. What does the T stand for?
Timely
Tomorrow
Tangible
Tenantly
11
How soon should you write a thank you letter from an interview?
within the week
within 1 hour
within 24 hours
within 2 hours
12
What type of shoes are appropriate for men in an interview?
sandals with no socks
dress shoes
sneakers
flip flops
13
Why is it important to proofread your application materials?
To avoid simple mistakes that could hurt your application
To impress the admissions committee with perfect grammar
To make them longer
It’s not that important
14
Fixed expenses are
Expenses that cost the same every month
Money you put in savings
Expenses that change from month to month
Expenses that happen every once in a while
15
Who can be a reference on a resume?
your mom
your best friend Sally
your aunt
a teacher, coach, previous boss, parole officer
16
To be financially savvy you always want to make sure your ____is higher than you expenses?
Social Security
FICA
Income
Retirement
17
How long should you resume be?
4 pages
1 page
3 pages
2 pages
18
What types of questions should not be asked?
Your experiences
Your skills
Your age
Your work history
19
Which of these would be a good qualification for a job?
all of these
able to type
get along with others
knowledge of the computer
20
What is the difference between goods and services?
Goods and services are the same things with different names
Goods are foods and services are drinks
Goods are things made, used, or grown by people
Services are things I can buy off shelf at Wal-Mart
21
Earnings after taxes
net pay
gross pay
22
Which of these is a good budgeting tip?
Save after spending
don't include any money for your groceries
start with needs
Spend more than you make
23
How often could you be paid?
every 2 days
monthly
twice a week
24
a want?
water
mansion
clothes
shelter
25
To be financially savvy make sure income is higher than?
expenses
a mountain
your goals
your entertainment
26
What are wants?
Things like water
Things like shelter
Things you don't need
Things like basic clothing
27
Variable expenses are
Expenses that cost the same amount every month
Money that goes into your savings account
Expenses like rent and utilities
Expenses that may change from month to month
28
SMART goals are an important part of financial success. What does the A stand for?
Artful
America
At Risk
Attainable
29
Purpose of W-4
get workers compensation
show allowances and exemptions
sign up for retirement
file your taxes
30
Name one type of budgets we studied?
Accounting
Cost Analysis
Envelope
All Expenses
31
50/30/20 budget means?
50% goes toward wants
50% goes toward needs
32
What is the purpose of job interviews?
to get fired
Who knows, it's always been done this way
For me to get to know the company
Just for the company to make people work hard to get the job
33
A need?
Mansion
brand name shoes
water
vacation
34
On a job application if a question doesn't apply what should you put in the blank?
N
NI
NR
N/A
35
What color ink should you use on a job application?
black
red
purple
green
36
Series of Envelopes divided into categories used for budgeting?
50/30/20
zero based budge
envelope system
37
The money you earn from your paycheck?
earned income
Unearned income
38
What is a budget?
a way to go into debt
a statement to look at what you spent this month
plan for spending and saving
39
Which of these are reasons to use a resume?
scholarships
all of reasons
jobs
college application
40
FICA is made up of two things?
1040 & W-2
Social Security & Medicare
W-2 & W-4
Interest & Retirement
41
What Microsoft program would you type a budget?
Word
Access
Powerpoint
Excel
42
Purpose of I-9
determine taxes
file income taxes
file worker's comp
determine citizenship eligibility
43
Deductions are?
the year to date amount
the pay period on pay stub
amounts taken out of gross pay for things like taxes
IRA's
44
What does it mean to Pay Yourself First?
spend then save
save then spend
45
What type of shoes are appropriate for women in an interview?
bedroom shoes
flats
flip flops
sneakers
46
what are needs
clothes
all of these
Shelter
food
47
What colors are best for interviews?
Neutrals
Reds
Lime Green
Oranges
48
A good tip for an interview is?
show up late
wear wrinkled clothes
arrive early
don't worry about being prepared
49
Zero based budget?
50% goes toward needs
series of envelopes
every dollar has a place