FACE 3

What is the purpose of a cooperative program according to the document?

• To provide part-time jobs unrelated to schooling

• To hire students to work while attending school

• To offer internships without pay

• To engage students in community services

What does an internship usually require?

• Flexible work schedules

• A long-term commitment

• Short-term employment

• No formal position

What is described as the expenses involved in going into business?

• Revenue

• Operating expenses

• Start-up costs

• Lease

What is a lease?

• A purchase agreement

• A contract to use something for a specified period

• A permanent ownership transfer

• A temporary employment contract

Which agency is responsible for collecting federal taxes and overseeing the federal tax system?

• Federal Tax Bureau

• Internal Revenue Service (IRS)

• National Tax Agency

• Department of Commerce