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7.4 Starting a New Job

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  • What is life insurance
    can help pay for your vacation
    pays for your retirement
    can help pay your bills, debts, and burial expenses
  • What is health insurance?
    covers a portion of the cost of a your medical costs
    pays for your funeral if you die
    pays for retirement
  • What is the first step you should take when negotiating your salary?
    Update your resume to include more accomplishments
    Conduct research on the lowest, highest, and average salary
    Print three months of bank statements to use as reference
  • Why is it important to consider the benefits being offered in addition to the salary?
    answers will vary
  • What is a 401(k) matching?
    A low interest personal loan
    Employer will split your paycheck between your bank and 401k
    A guaranteed fixed rate of return
    The employer will match what you contribute
  • What is our coping skill of the day?
    Taking Time
  • What is the difference between gross pay and net pay?
    Gross pay is before taxes and deductions are subtracted
    There is no difference between gross and net pay.
    Net pay is before taxes and deductions are subtracted
  • What is the i9?
    verifies your identity and employment eligibility
    document you complete to determine how much tax is witheld
  • What are Pre-Tax Deductions and Contributions?
    Contributions taken out of your paycheck AFTER taxes
    Contributions taken out of your paycheck BEFORE taxes
  • What is the i9?
    document you complete to determine how much tax is witheld
    verifies your identity and employment eligibility
  • What are your odds of getting at least one job interview if you submit 1-10 applications?
    61.7%
    100%
    0%
    20%
  • Which of the following is not a common employee benefit?
    health insurance
    guaranteed raises
    stock options
    life insurance
  • What is a W-4?
    document you fill out to determine how much tax is witheld
    verifies your identity
  • What is a flexible spending account?
    money taken out of your paycheck for retirement
    pre-tax dollars from your paycheck for medical expenses
    money out of your paycheck for vacation