Nome OSDSWN 2P IY Class Date ® Paying for Education ED es sh) “The cost of higher education can vary widely. Before you can figure aut how to pay for your education, you'll need to find out what che real costs are. 1. Decide which three colleges or universities you might consider attending. Write the name of each institution at the top of one of the columas in the chart. Then ‘complete the chert, using information from the institutions’ Web sites of print publications (available at librates or your schools guidance department) “cdon Lengteady Shire ‘mat Expenses | cottegest | cotteget2 | catego ss TTution 1405 Cyez ook Tiss es | Housing RS ea a _ “Transportation Ov T3e0 the ig 7A SAT Tw ss TAY Sz 2, Coos yout Wp school Kom the ha igo on “eo-attend: tat insiction forfour years Understanding Financial If, like most students, you don't have enough money saved to pay the fall cast of your education, you will be applying for financial zid. Read and understand the fol- lowing financial-aid terms, chen answer the questions that follow. subsidized student loan student loan for which the government pays the interest hile you're in school; your repayments begin after you leave school ‘unsubsiized student foan:& student loan which you have to begin repaying while you are stl in school Federal Pell Grant: federally funded, need-based financial aid that does not have to be repaid iret Stafford Loan: «federally funded seudent loan that may or may not be sub- sidized, depending on the seudene’s financial need PLUS Loan: an unsubsidized loan that parents can take out to help pay the cost of their children’s education Federal Supplemental Educational Opportunity Grant: gif-sid for undergraduates with exceptional financial need ‘ Federal Peri need ‘Sraeno aan, litg a Pn eros Aligie etw ‘Loan: 2 lowintecest loan for students with exceptional financial Paying for auction _@Name lass Date 3. Which of the following forms of financial aid are offered only to students who have the greatest need? Ciscle all correct answers i 4a, Federal Supplemental Educational Opportunity Grant ct Stafford Loan PLUS Losn ‘Federal Perkins Loan 4, Suppose you graduated from college six months ago, and you just received a le ter from a lender telling you that itis time to begin paying back your scudent loan. ‘Whit kind of loan did you have? 6 subsidized loan bs PLUS loan .unsubsidized loan 5. Which ofthe following do not need to be repaid? Cirle all correct answers. ‘Federal Pell Grant , PLUS Loan, «. Federal Perkins Loan 4, Federal Supplemeneal Educational Opportunity Grant subsidized student loan Comparing Financial Aid Offers ‘Suppose you are interested in two universities: Dream University and Great State ee | en anwer he queasy : Sa i smu nt | Aone i Tapeand a = am i cea as i Sela 0 m0 i sy Sit fiz i Loans 32000 $1500 j 6. How much does each university expect your family to contribute toward the cost i ow us doh noni eos yo i Sood 7. Which pr of Dream Ui of i bee? SeTGlAtSAN 6. Which par of Great Ste Universi ofa bags? We wa ob 9. Overall, which financial id offer da you thinks beter? Explain. « GSU_becose the Sota! cost > Lowey” 14 Paying for Education KyEa) ‘oreo Ean beige Peon rece A i end, Name Class Date Buying a Car ‘You have been saving for years, and now you have $20,000 to spend on & new can. Hoow do you decide which cat to buy? Decide on a Vehicle Category Before you stat looking fora vehicle, you need to figure out what you telly need. (Complete the following questions to help you narrow down your options. 1 What are all your reasons for buying a cae? Examples include commuting to school, going on long vacations, taking your younger siblings to soccer games. Scvool VW; 2. What type of driving do you do (cigy offroad, long trips, suburban)? 3. Do you need a large amount of cargo space? Nico 4. Do you need room to transport a lage group of people, a do you need room for only two or four people?_"Tua. sc 5. Now go back thsough the reasons you listed in Question 1. Find the three most importans patts and write them inthe spaces below. These ate probably the thiggethat you will use your vehicle for most ofthe time, ‘6. Now for the cough part. Below is list of major vehicle categories. Based on your answers to Questions 1-5, cross out the categories that don fit your vehicle use profile, In other words, if one of your main uses is “go camping every weekend,” then cross out “two-seater convertible” because you won't be able to fit all your ‘camping gear into it. ecoitomy-hateiback worsens Convertible _fll-siéVan smulkewelooe sedan, porn vehicle, fulsiepikup truck fullsize Sourto0r sedan iniyan—— foxuy sedan ‘Which major vehicle cafegores do you have left? ees sve more than one category eft, choose the one that you would pref. 6 Buying CarName Class Date Narrow Down Your Choices “There can he dozens of makes and models in each vehicle category, 80 before you rush ‘out to take a test dive, you should narrow down your choices. For the questions below, the following resources from the library or the Internet may belp you: + carbuying guides + consumer guides from nonprofit organizations such as Consumer Reports of Consumers’ Checkbook. + National Highway Traffic Safety Administration's Web site 8. Choose thre specific vehicles within your category that you particulary like. Tyee oe paged 4 ie aie aX 9.Now, decide which options you would like on your new vec. Below is ist, to get you started, but you may want other options not included on this it ‘Write your desired options in the space provided i catia prea eee fallaize spare BY tir condoning stereo wit caste player power locks _dviver’s ait bag stereo with CD player __ power stering 10. Complete the chart below. Begin by writing the make and model of the vehicles ‘you're comparing a the top of the right ere columns, (2Paauo Ean eign Anson Pr At en TWisvhe- Veh | Voici] Wei CON Rilo includes the options | want hes Aes Tas god strc 1 tas rd ei cod | as wer ¥ hasan invice rice of sens i a Toss mnocure supe] oh aero | D504 ogR 11. After comparing the three vehicles inthe chart above, which one would you buy? (Remember that you have $20,000 to buy this ear) Explain why you _male this decision. TM just token o $3,595 loon) , 15 thé closes? Fo wigCece ee ne ‘Name Renting an Apartment ® ———____ You need move than just the rent money t beable to afford a place of your own. Ia | addition to rent, you have to pay monthly utility bills as well. How do you know which apartment you can afford? Calculating the Real Cost of an Apartment 1. Using the classified ads in your local newspaper, find an apartment listing that you like. Complete the form below to figuce out how much that apartment really * Ifyou do not need some of these ulities oF some of them are included with the rent, enter a 2er0 on che appropriate lines. + Estimate uciity cosis by talking to people who pay wtlity bills for apartments similar in size to the one you're interested in. You can aleo call the wtlty com panies and find out the average bill on the apartment you're considering, Rant (rom the ad) s $500 leeticty s 575 Natu gae s——_| (tie heat cos alo propane — 0 Garbsge pickup, water, end sonar charges |$ —— o Phone me Income sevicn is 2 2A good rule of thumb is that you should spend no moce than one fourth of your ‘monthly take-home pay on housing. Using the form below, calculate how much you need to earn to afford chat apartment. ‘Penn Eston re. paige Peson Pere Hl A Rie ere apartment is too expensive, how could you male your housing costs fe affordable? Renting an AparName __ Class Date _ Reading and Understanding @ Lease Once you've signed a lease, you ae legally responsible for upholding all provisions of it Before you sign, be sure you understand everything that you'te agreeing to! Below is an excerpt from a standard apartment lease. Read it carefully then answer the questions [RESIDENTIAL LEASE AGREEMENT LUSE OF LEASED PREMISES, The Leased Preiss sl be wed ar private deli only: Tena shall ot permite Leased Pens obs ued for fi oflesive, hoy or dangerous act, i) ‘pao any yh i the conde! of busin of any type, ning i are) ny te pose which wl rere wth the rigor persons tr the Leased Penis, Momus ‘hile shal not be store on the Leucl Peis or the ret eon for aja ote ised Premian [RESPONSIBILITY FOR CONDITION OF LEASED PREMISES “Tenan hl noe) ke any shentons ote Leased Demis withow wren prion fmt ‘alors i) eemoxe soy pr a sh Led Pein oy pupae) some, hangs oF ey any lok without peonon af Landlord o i) ke olin the wonder, outs tale ‘xp that a enema ero sana be wed to ng persia cas land [ote of puncing Tena ages to srmender he Lnaed Pesto en the ty of tas {ete inthe sae fondant Whe eccved, sal wen and tee exapes, Nora est 8d "et ents deroron whch cure thot aeglgencs, carl, abe. DROS DEDUCTIONS, heen eh bl a ee Seeger aie |) conte Gouin oniaiomire Sethe Be end cs inte Sea Se niamc greae ee ferret do ed os a an PEC Serie, epee cate ee 4. Suppose your old car has just broken down, and you won't be able to afford to fixit for months. Under the terme of thie lease, can you leave the earn the street infront of your apartment? 5. Can yo hag cre om he wal of hi apartment? eugene Painsing qo or changing the locks? VRESOC 7. What is an example of “nbrmal wear and tear” hecording to its definition in this lease? deteriowtion whida occurs wi tho 8. Whar can the landlatdl do if you abandon some of your property when you art Gens eee Ga 18 Renting an Apartment! Name cass oe ® Buying Insurance Suppose now you've gota new car Before you can drive it anywhere, you'll need to get auto insurance. Before you figure out how to buy insurance, you'l need to under stand the vocabulary of che sto insurance industry. | Colson Coverage: This pays for damages to your car or tuck (nines a dectibe) when you hit comeing, such sv another cao telephone pole | Comprehensive Coverage: This payeto repr your caro track (nus a deductible) when is damaged by something other than a colision, suchas vandalism, fie, o hai Comprehensive coverage ls pays if your care slen, Property Damage Liailie Thi coverage, wualyrequzed by law, pays for any damage you et or tack may case to somebody ele’ car ox oer property. Bodily nary Labi: This covecee,wavlly sequiced by lw, covers you against, | Iwai incase you injure another person while diving your car Persona injury Protection: This pays for medical expenses that you or any of your passengers have asthe result of an accident. ] Giese tis icon damage ots nay ou § and your passengers assed by a peson without any insurance or mithou enovgh B—Gnaorances ie ls covers you if yout the vii of hivand-un BD) a camping te ces ens in om ti i t Ties feo i _ pect Een damage eed Taverns ergs von atc | Vorfotender neta —[ORTIEUES™— ho a B41 | “tata ser Under ined Nhtr™ 4 [bataistorn oped oak orion | Your's oneoy : LA [Cnstnishe pied with hal mage Compadrorshe i ‘You backed your ear into a support pole | Your bumper is dented. bi 5-11 [“irapekng gorage Collision [| Peetanctotemonmatiods| tamatetimd TRocerty wfeolS* |p | sawed cnet ganeto: | teeter eaters] FEY j eto cars cum. eagerly & | e-Youdroveyourearatfacountyroad | Your bockis hur andyour | fraovel Eriviy dedi ch Aoctasy you med ° rl | Saendedpyistberepy. | Protector’ "emia pein ecu [hep il [Golly ve Trebilitt Cc x Cy oeNome lass ste Calculating the Cost of Auto Insurance In this activity, you will compaze the cost of insuring «wo different cars for six months: a new sports ear and # five-year-old compact ct. 2. Insurance companies will eed 2 certain amount of information from you. You must be tuthful when actually buying insurance, but for ths activity, you can use fictitious information to answer the following questions: How old isthe driver? Fow lng has the driver been lice How will the car be deiv@@commuting to schoo for business? 4. low many miles per yese will the ear be drven?_\2,COO ¢. Has the driver had sny tickets o acidents inthe last five years? [Nou 3. Now find out the insurance rates for each car by visting an insurence company’s ‘Web site or by ealing an insurance agent divectly. Complete the chart below. Coverage Dream Fein ‘| Yer Your Make: PANS Sang | Hake: Horde, fe MotshaSccaity | Made: COCK. Trepny Danoge Lay $ = (Som coverage 264 | SRG) Body ry ai ee 7 Sameperenmeniercciend | Todwsd |* Tua ‘Collision ($500 deductibie) Oeste 33.99 ‘Personal Injury Protection ($25,000) 1239 : . Comprehensive $500 deductiie) 155.59 [5 QR& Uninsured/Underinsured Motorist = =¥ rence sm [F558 Emergeey Road Sane z (enone coverage at paystorioiog, | ay | locksmith sence ond athe seyies) coer | NIA [NR ‘Total Sic Mant Premium OBTOS: ce 4. ite ioe ge he gene nom ee pa? semen ea oe gee 5. Why do yy sink thee a ftfeene? PCS E HE lls Gouce Cot mee 20 Buying Insurance (@Peasn Ean, resi x Pano Pr AE Rte Ree{Peano Eaton, heey Peso Pe Hl A Rg Pst Name Class Date Getting a Job ——————————— ‘One ofthe fst steps in secking employment is prepaing a résumé, A eésumé isa professional advertisement about yourself hat translates what you have done in the ast into what you can do fora new employer. But how do you sum up all your abi ies on one page? This exercise wil help you lean how to daft a résumé Contents ofa Good Résumé [A good résumé contin the following prt Heading: The heading identifies you and tells the potential employer how to eon- tact you, It should include your name, addeess, phone number, and (if you vse them and check them ofeen) fax number and e-mail address, Objective: The objective tell an employer which position you are seeking, Education; This section includes schools) attended, diplomas or degrees earned, and honors and awards received. Ie may also include your GPA (iis good). Work History: The work history section tells your employer which positions you've held and which cesponsbilties you've shouldered in paid employment and volun- seer activities. Afiliationslnterests: This section is optional but may include memberehip in clubs ‘or professional societies. References: The references section should include a statement saying references are available upon request. Do not include the names of your references on your résumé, Fill inthe blanks below with the name ofthe appropriate part ofa résumé. 1. Which part of the résumé should inlude your past-time and summer jobs? ar 2. Assume you want a job as an editorial assistant for 8 local magezine. In which prt of your résumé do you indicate hist Wire chive 43. Suppote you are vice president of the Debate Club and a member of your schos eee tka Whe wil yoy pt thon ou ce Ate vations | Taterest 4. Which part ofthe eésumé tells» potential emplayer havr ta contact you? Heondine, =) Getting a JobNome lass Date Brainstorming the Contents of Your Résumé ‘A césume should be brief—generally one page. Therefore, every word counts! You will probably need to make several drafts of your résumé hefore it says everything it neds to, so don’ try to st down and write the final version all at one, s. ive Statement One part of your resume that many employers will pay spe cial atention co isthe objective. The objective tells an employer what position you are seeking and can contain up to three part: + the level of the positon, such as “internship,” "pacttime,” of “entry level” + the skills you hope o use in chat position and/or the position title “the field or industry in which you hope to work ‘Here is an example ofan objective statement ‘An entry-level position as a fundraiser in a nonprofit organization ‘Think about the kind of job you would like to have right now, Write an objec- tive statement that concretely explains to 2 posentiat employer what kind of job you want, 6. Work History section This section should show emplayere what you have accom plished in the past, Begin by waiting down every job you have hel, in chrono logical order Include all parexime jobs, summer jobs, and volunteer positions you have held, and don’ forget to inchie the dates for each job. Use an adli- tional sheer of paper if necessary. 7. Next, foreach job ive bie description ofthe rexponsbilies you had and ‘we you achieved. Always use action verbs! Example: You might describe your responsibiles 8 a departmentstote sales ciel as: Advised customers about newly available clothing collections and con- ements might inclode: Topselling ducted accurate sales transactions, Your xc sales clerk for August 2004. In the space below, write a brief description of the responsibilities and achieve. 'ments of one of che positions you listed in Quest 22 Gotting a Job &@ © ‘oP Ean he ity anon Pe He Ali Ren Name Class Date Résumé Activity vi onjective EDUCATION WORK HISTORY ABFILIATIONSINTERESTS REFERENCES ae ie ae ic ene ped ne GNome Close Date Paying Taxes Ie is early February, and you are ready to complete your tax return. You're hoping. for a refund, so you've decided to file your retaen earlier than the Apel 15th dead: line. Asa single person with no dependents and very simple finances, you qualify to file the easiest of the IRS tax forms-—the 1040RZ. + The documents you need to file the 1040EZ. ave on this page. The instructions for completing the 1040EZ. are on the next page, and on the last page isthe 1040EZ. form itzlt * Review your documents below, then turn to the next-page to begin the activity. + Your employer sent you a Form W-2, which shows how much you earned at your job last year as an intern in an advertising agency, including how much you paid 7 eae ——— Se ae ‘Secresesz Waeer e028 aoe a “nara” |" 668 1002 Main Stree inareet 6208 Newtown, TN 37502 Tannese — a a a a —=— Kenseth Gregory oa 25 chancery Coure eo aoe Te aS ! EE-2 meeemats 20038 cece ea ea + This isthe tax table you will use to figure out how much tax you owe. 12008 1040EZ Tax Table— TER [manson 8 ne ag & Ele HR 24 Paying Taxes@ 2 Psa oe tna Fenn Pret FL Alte Name Ces Date Completing the toaokz. ‘When you complete your real tax forms, be sure to follow the instructions given in official IRS publications. For this activity, use the instructions below to complece the 104082, (on the next page) Line 1: Wages, salaries, and tips [Enter the total of your wages, salaries, an tps, showm in box 1 of your Forin We2. Line 2: Taxable interast, You did not eatn interest on your savings account last yeas, so enter 0.00 on Line 2 of the 1040EZ. Line 3: Unemployment compensation ‘You did not receive unemployment compensation last year, 0 enter 0,00 on Line 3. Line 4: Adjusted gross income ‘Add lines 1,2, and 3, and enter che cotal on Line 4 ine: Can your parents (or someone ele) claim you on ther roturn? No one is claiming you on their reurn this yeas, so check the No box. Enter 7,800.00 (the standard deduction fora single filer) on Line 5. Line 6: Taxable income Subtract line 5 from live 4. Your tax is figured on this amount, Line 7 Federal income tax withheld Enter the total federal income tax withheld, shown in box 2 of your Form W.2. Line 8: Ered income ereit ‘The eamed income credit isa tax credit for low-income parents who meet certain ‘ualifications. In this scenario, you do not meet the qualifications, so enter 0.00 on this line Line 8: Total payments ‘Add lines 7 and 8a to get the total payments you made this year. Line 10: Tax 7 ‘Loole up yous taxable income (Line 6) on the tax table on the frst page of this activity to ind out whae your tax is for this year. Line 119: Refund If Line 9 (cotal payments to the government) is larger than Line 10 (the tax you ‘owe), you'll gta refund. Subtract Line 10 from Line 9 Line 12: Amount you owe If Line 10 (the tax you owe) is larger than Line 9 (total payments to the goven= ‘ment), you owe the government more money. Subtact Line 9 from Line 10. Peying Taxes 25Name ass ate ew Income Tax Retum for Single and “Td pry OY to tor wr nr das Hart be FSP aa a Yor conpoe o CS 204062 ___juin ire With No Dopontonts" oy 2003 nm tavet ESE CTR Geen | eS fall — es eine ee ice = See) Picci yrs wrsopo nna re One Clr Ce tome) SE TNE aa ft 02 ei io om om 29.00 | Bn Seon Tooele wigs, |) Sematenatcame os aera ae goes) Saaeranter Pri ae s00 } ‘nara een » «4G 5 Payments mi Pe yt mesa ptt i es i 10 Tax Use the amount on tine 6 above to find your tax inthe tx table on pages t sane 24-28 of he bot. The, eter i Tam he ae on ais ni 1! Refond is adic tnt that en im Taser nina» in ROG | 8 FRE >» romp COLETTI be te Clovate Cie : ae ™ i > @ Accum unter CITTTTTTTIT ITT) | a ee al a i i | oe Serene interes Dag prim ener me 26 Paying Taxes @