ITB. Midterm Review #1. SY22/23.

Gross income is...

• The amount of money you have from your wages, salary or tips.

• The amount of money you have left after you pay your taxes.

• The amount of money you have from your tax return.

• The amount of money you have from donations.

Net income is...

• The amount of money from a tax refund.

• The amount of money from gifts and donations.

• The amount of money you have before paying your taxes.

• The amount of money you have left after paying your taxes.

The three main sources of tax revenue are... (Select all that apply.)

• pet tax

• income tax

• bag tax

• sales tax

• property tax

Which services are federally supported by taxes? Select all that apply.

• National defense, veterans, and foreign affairs.

• Public schools

• Social Security, Medicare, and other retirement programs.

• Mass transportation

• Social programs

What are the three main types of taxes?

• Income, sales, and property
• Unemployment, sales, and property
• Federal income, unemployment, and state
• Sales, property, and unemployment

Your abilities include:

• The things you do well

• Your mental competence

• The skill you need to do something

• All of the above

Career planning is done:

• After high school
• In college
• Throughout a lifetime
• Once in a lifetime

What is the best definition of career cluster?

• A grouping of jobs and industries related by skills or products.

• Work that matches a worker's interests, values, and abilities.

• A series of classes or experiences intended to help students achieve a career in a certain occupation.

• A system of careers designed to use the same skills.

What would be the most efficient way to find out more about a certain career?

• Look online.

• Ask people you know in that line of work.

• Look for a job on Craigslist.

• Research the career in the Occupational Outlook Handbook.

Match the Cluster to the Job

• Electrician

• Transportation, Distribution, and Logistics

• Pilot

• Marketing, Sales, and Services

• Coach

• Architecture & Construction

• Event Planner

• Hospitality and Tourism

• Customer Service Representative

• Education and Training