Chapter 11 Careers And Taxes Fill In The Blanks Journal Questions Chapter Summary Money In Review Sidney Valentine Essay

Submitted By Sidneyvalentine
Words: 3202
Pages: 13

Before You Begin
(
Text page 224)

Learning Outcomes
: Once you’ve completed this chapter’s videos, you will be asked to return to this list of learning outcomes and place a checkmark next to the item you’ve mastered. Section 1: Self­Assessment
● Identify your personal strengths and weaknesses Section 2: Goal Setting
● Clarify your educational and career goals
● Understand the components of goal setting Section 3: You Won’t Love the Entry Level
● Understand the value of entry­level jobs
● Identify valuable work attributes outside of your general skill set Section 4: Best Practices of Successful People
● Identify the best practices of successful people
● Develop a resume
● Analyze the interview process and develop personal interview skills Section 5: Income and Taxes
● Describe factors affecting take­home pay
● Identify sources of personal income
● Identify different types of taxes
● Be familiar with various documents for reporting taxes
● Analyze the costs and benefits of paying taxes and the cost of government services Key Terms: Get to know the language of money
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Earned Income:
Any income {Wages/Salary} that is generated by working
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Income Tax:
Tax paid out by anyone who earns an income
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Passive Income:
Money earned on a regular basis with little or no effort required to maintain it Some things that produce passive income are real estate, intellectual property like books or internet content, or a business in which the owner is not actively involved.
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Personal Branding:
The process by which we “market” ourselves to others; involves highlighting personal strengths, interests and unique qualities and identifying goals
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Portfolio income:
Income generated by selling an investment at a higher price than you paid for it
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Property Taxes:
Taxes paid by anyone who owns property such as land, a home or commercial real estate
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Resume:
A brief account of one’s professional or work experience and qualifications, often submitted with an employment application
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Sales Tax:
Tax on goods and services that goes to your state or local government
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Social Security:
A federal insurance program funded by taxpayer dollars that provides benefits to people who are retired, unemployed or disabled

Measure Your Progress ­­ Text page 225:
Before you watch the Money and Relationships videos, take the following survey to see if you have more Free Spirit or Nerd tendencies. Highlight the characteristics that best describe you.
Journal Question: Introduction (page 225): 1. What are your interests? I like to spend my time with friends, and family. I also am a member of the cheer team, and a certified scuba diver.

2. What are your career goals?
I would really like to go into criminal justice, and i am already on my way to become a dive instructor.

3. How would you describe yourself?
I would describe myself as someone who likes to be going and do things.

4. Describe your ability to work as part of a team.
I really like being a part of a team, and working with people on things as long as they do their part.

Video 1.1 (Page 227) Fill in Consider This When Choosing a Career Path
» Deciding on a career is not as hard as you think. Ask yourself: What do you love to do?
What are you naturally good at? What hobbies and interests do you already have that you could turn into a career?
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You can experiment by getting a part­time job, volunteering, or just shadow someone on a job you are interested in. While you are there, ask questions!
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Invest time in making you decision rather than spending time fixing it later.
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Remember, just because a particular job pays well doesn’t mean it will be something you enjoy
.
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Don’t get money and happiness confused !
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The job market constantly changes­and so do you
. Even if you decide the career you chose doesn’t fit…