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