Chapter 14 Flashcards
taxes
a change usually of money imposed by authority on persons or property for public purposes
What did Mark Twain say?
there are only two things certain in life- death and taxes
What did Oliver Homes say?
the price we pay for a civilized society.
3 categories of taxes
income taxes- payroll, investment, capitol gains
property tax- real estate, estate (death)
goods/services- sales, gas, excise, sin, user fees, luxery
3 major types of taxes
proportional
progressive
regressive
proportional
same percentage of taxation on everyone regardless of income
progressive
higher percentage tax on the rich than the poor
regressive
opposite of progressive
3 types of income taxes
federal
state
local
federal income taxes
social services
military/ gov workers
social security
medicare
state income taxes
social services
state colleges
roads
hospitals
local income taxes
education
police
health
social services
what are the three major groups exempt from taxes?
nonprofit organizations (churches, church schools, humanitarian groups- ADRA, Salvation Army)
us citizens working abroad
low-income workers
how long is the average job in length?
2.1 years
how many jobs might the average worker have in there lifetime?
20 different jobs.
what percents of American businesses have fewer than 100 employees.
98.3%
what is the truth to the myth that as your grow, you change.
you do not outgrow your personality.
what is the truth to the myth that you grow the most in the areas that you are weakest.
you grow the most in your strenghts
what is never enough compensation for doing a job.
money
What kind of job should you find? (what parts of your personality should it fit?)
one that blends your skills, abilities, personality traits, values, dreams, and passions.
What test will yield tremendous insight into how you process decisions and what your natural tendencies may be.
DISC profile
What kind of person is the D in DISC?
a person that is a hard-charging driver that is task-oriented and first looks to problems.
What kind of person is the I in DISC?
the person is people oriented, fun, outgoing, and generally concerned about people pleasing, so they first look to people.
What kind of person is the S in DISC?
a person that is amiable, loyal, does not like conflict and is concerned about pace.
What kind of person is the C in DISC?
the person is analytical, loves detial, factual, can seem rigid, and loves procedures.
What are the two steps a person should do in developing a stagegy about job hunting?
identify your target
learn everything you can about them.
In what way should you think when it is time to contact a company looking for a job?
think of it as starting a relationship
in what three ways should you contact a company?
introduction letter
resume
phone follow-up
What are the steps to a successful interview?
present yourself well Be on time address everyone by name offer a handshake maintain eye contact.
raising your income long term…
is a career track issue
raising your income short term…
is a dreaded part time job
how do you get started with an extra job?
be willing to sacrifice to win
have a detailed plan to you see the finish line
choose the job or start a home based business
what should not be the source of all your satifaction and self-worth?
your work
