Chapter 14

Question 1

taxes

Answer 1

a change usually of money imposed by authority on persons or property for public purposes

Question 2

What did Mark Twain say?

Answer 2

there are only two things certain in life- death and taxes

Question 3

What did Oliver Homes say?

Answer 3

the price we pay for a civilized society.

Question 4

3 categories of taxes

Answer 4

income taxes- payroll, investment, capitol gains
property tax- real estate, estate (death)
goods/services- sales, gas, excise, sin, user fees, luxery

Question 5

3 major types of taxes

Answer 5

proportional
progressive
regressive

Question 6

proportional

Answer 6

same percentage of taxation on everyone regardless of income

Question 7

progressive

Answer 7

higher percentage tax on the rich than the poor

Question 8

regressive

Answer 8

opposite of progressive

Question 9

3 types of income taxes

Answer 9

federal
state
local

Question 10

federal income taxes

Answer 10

social services
military/ gov workers
social security
medicare

Question 11

state income taxes

Answer 11

social services
state colleges
roads
hospitals

Question 12

local income taxes

Answer 12

education
police
health
social services

Question 13

what are the three major groups exempt from taxes?

Answer 13

nonprofit organizations (churches, church schools, humanitarian groups- ADRA, Salvation Army)
us citizens working abroad
low-income workers

Question 14

how long is the average job in length?

Answer 14

2.1 years

Question 15

how many jobs might the average worker have in there lifetime?

Answer 15

20 different jobs.

Question 16

what percents of American businesses have fewer than 100 employees.

Answer 16

98.3%

Question 17

what is the truth to the myth that as your grow, you change.

Answer 17

you do not outgrow your personality.

Question 18

what is the truth to the myth that you grow the most in the areas that you are weakest.

Answer 18

you grow the most in your strenghts

Question 19

what is never enough compensation for doing a job.

Answer 19

money

Question 20

What kind of job should you find? (what parts of your personality should it fit?)

Answer 20

one that blends your skills, abilities, personality traits, values, dreams, and passions.

Question 21

What test will yield tremendous insight into how you process decisions and what your natural tendencies may be.

Answer 21

DISC profile

Question 22

What kind of person is the D in DISC?

Answer 22

a person that is a hard-charging driver that is task-oriented and first looks to problems.

Question 23

What kind of person is the I in DISC?

Answer 23

the person is people oriented, fun, outgoing, and generally concerned about people pleasing, so they first look to people.

Question 24

What kind of person is the S in DISC?

Answer 24

a person that is amiable, loyal, does not like conflict and is concerned about pace.

Question 25

What kind of person is the C in DISC?

Answer 25

the person is analytical, loves detial, factual, can seem rigid, and loves procedures.

Question 26

What are the two steps a person should do in developing a stagegy about job hunting?

Answer 26

identify your target | learn everything you can about them.

Question 27

In what way should you think when it is time to contact a company looking for a job?

Answer 27

think of it as starting a relationship

Question 28

in what three ways should you contact a company?

Answer 28

introduction letter resume phone follow-up

Question 29

What are the steps to a successful interview?

Answer 29

``` present yourself well Be on time address everyone by name offer a handshake maintain eye contact. ```

Question 30

raising your income long term...

Answer 30

is a career track issue

Question 31

raising your income short term...

Answer 31

is a dreaded part time job

Question 32

how do you get started with an extra job?

Answer 32

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

Question 33

what should not be the source of all your satifaction and self-worth?

Answer 33

your work