Business Applications II Final Exam Review

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What is the section of a job application that asks about previous jobs?

Back

Work history is the section of a job application where you provide details about your previous employment.

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What are wages, salary, and tips classified as?

Back

Earned income refers to money received for work performed, including wages, salary, and tips.

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What form must you have when you are ready to file for taxes?

Back

The W-2 form is required for filing taxes as it reports an employee's annual wages and the amount of taxes withheld.

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How long should a cover letter be?

Back

A cover letter should typically be 1 page long.

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Which section of a job application typically asks for your contact information?

Back

The Personal information section of a job application is where you provide your contact details.

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What is the purpose of a resume?

Back

A resume is a document that summarizes your work experience, education, skills, and accomplishments to present to potential employers.

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What is unearned income?

Back

Unearned income is money received from sources other than employment, such as investments or rental income.

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What is disposable income?

Back

Disposable income is the amount of money that households have available for spending and saving after income taxes have been accounted for.

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What is the difference between gross income and net income?

Back

Gross income is the total income earned before any deductions, while net income is the amount remaining after deductions such as taxes and other expenses.

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What is a job interview?

Back

A job interview is a formal meeting between a job applicant and an employer to discuss the applicant's qualifications and suitability for a position.