Chapter 10 Career Choices and Taxes

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Presentation transcript:

Chapter 10 Career Choices and Taxes Dave Ramsey

Key Terms Career: Your line of work. Cover Letter: Letter informing a prospective employer that you are interested in working for their company. FICA (Federal Insurance Contributions Act): Government legislation that funds Social Security.

Key Terms Income Tax: Progressive tax on the financial income of individuals, companies, deceased estates, and certain bankruptcy estates paid to the government. Interview: Meeting between an employer and an applicant; the employer asks the applicant questions to assess whether he or she has the right social skills and intelligence for the job.

Key Terms Payroll Deduction: Amount subtracted from a paycheck, either by government requirement (mandatory taxes, Social Security, etc.) or at the employee’s request (health insurance, retirement plan, etc.). Resume: Document that lists personal and work history.