xii
Copyright Goodheart-Willcox Co., Inc.
Chapter
18 Income and Taxes
The amount
of
tax owed
is then
identified
on the
tax
tables.
A partial
1040EZ
tax
table
is shown
n
Figure
18-7.
In this
example,
Kristy’s
taxable ncome
($19,656.98)
falls
in the
income
bracket At least 19,650, But less than 19,700
. The tax
in
hat
bracket
for
a single
person
is $2,498.
Kristy
ntered
that
amount
on Line
10
of 1040EZ.
The
Patient
Protection
and
Affordable
Care
ct, passed
in
2013,
requires
that
each
person ve health
care
coverage.
On
the 2014
income
x returns,
a
new
line
called
Health
Care:: diiviidual
Responsibility
was added.
This
itemt
ust be addressed
by all
tax payers..
Before
mpllettiing
an
income
tax
eturn,
taxpayers
uld
read
filing
instruc
ons
provided
by th
to
make sure
this
ite
alll
items on
a
rn,
are
addr
perl
Ta
laws
change
m
yeaexampleessedtprsoimpoyr.tanxt
r
to
yearand
, so
i i
to
read
all
ctions
that accompany
the
form.Training
Signature
A retturn
must
always be signed
before
it
can
processed.
An unsigned
returned
will
be
returned
for
a si
ature.
If
a refund
is
due, this
could
decompanyrgetnurn
la
the
by several
we
k If
are
dthey
Ethics Ethic
s
Tax
Returns
It is unethical
to file a fraudulent tax
return. In a fraudulent tax return, a person
deliberately reports
information that is not correct
. A person
who intentionally
files a tax
return that is not accurate
may be subject to penalties, inte
rest, and possible prison time
.
Prepare for Your Future
As you prepare for college and career, your life will be touched by business. Business is all around
you and affects everything you do. By studying Principles of Business, Marketing, and Finance, you can
become more knowledgeable about business and how it will influence your future.
hapter
lements
Mix
roducttr
ricing Practice
mental
PriceDevelopment
ols
bution
ons of Distributionsets
Exploring
Careers
Certified
Purchasing
Professional
Many companies purchase goods from other businesses. Certified
purchasing professionals oversee the materials, products, and services that
are purchased for a business. This management-l
evel position is responsible
for
negotiating supplier
contracts and documenting goods that
have
been
ordered and
received. They
also coordinate the duties of the buying, selling,
and distribution staff.
pical job titles for this position also include
purchasing manager,
strategic
sourcing, and
procurement officer.
Examples of tasks a
certified purchasing professional performs in
• direct and coordinate the work of purchasing department
employees
•
identify and
interview
suppliers of needed goods
deyou
velop detailed for
ducts or services to purchasedon
•
suppliers for products
Most
ified purchasing professional positions
degree, as well Certified Professional
certification
Purchasing Manager certification. Because manager-level position,
experience as a buyer, product manager, or purchasing agent is needed.
Prractices
y
gic sou
rcing
o
str
ateg
, and
ce rt
professional
ified
purchasing
performs
include:
cl ud
e:
u
e
g
Pr tice
s
ce
n
g pro
ified
purc
hasi
fe
ssion
al pe r fo
rms i
n c ud
e
g
at
yo
professional
developmendirectortoff
t
actTypies
i v
i
ar
forlife
afuc te
graduation?direcrtor
S h a
e yo
ur
findin
gs
with t h e
clpr ass.
Portfolio
Introducti•n.
o A
s
asseymentotoyou
mbleneeds
yo
ur fin
aproortfoli
l p
o, co
mp
ose
abeintroductipotholio
n
at
gives an
ove
rallfacilitate
snapshpaof ot
w h
are.
Thi s
will
be
treceivedapageadbachelorrittifons
he
fir st
of the
that
the stage
focertur
r
yo
presentation, so you
want to
makrequirermatiornCertified
e goo
impress on.
Tell
the
reader
who you
aras
e,
your
goaPurchasingynbbythisaaiscatgthrefrereder
ls, and
an
iogr
phical
info
o
thatedi
s
relevant.
You
may
wan t to
hi g
hlight
informatio
m
kin e
nces to sec
or
page
numbers.
There
may be a webs
ite or
URL
to
dire
ea
to exa
mpl
es
or
documents of
importance.
In
addition
to
the
items
you
have
already
collected,
there
are
some
additional
ones
that
you
might
include.
•
Résumé.
An
updated
résumé
may be
appropriate
for
the
situation. If
you
have
already
submitted a
résumé
separately,
it is
not
necessary to
include.
•
Letters of
recommendation. If
you
have
letters
from
instructors,
employers, or
others
who hav
praised
your
performance,
include
these in
this
introductory
section.
•
Photo.
Photos
are
not req
quired.
However, a
photo
will
help
the
interviewer
remember
who
you are
after the
interview when
evaluatting
potential
candidates.
•
Table of contents A
table
of
contents will
give
a
professional
appearance to your
documents
Consider
title
pages
for
each
section
to add
clarity.
CTSO
ts
for
CTSOs
competitions
offer
events that
bjective
College
and Career
Readiness
•
Ph ot
o . Ph
oto s a
r e n
yo
u a r e
a f te
r t h e
in te r
v i ew
w h e n
e v
al u a i n
g p
ote n t
•
Ta bl
e of
contents. . A
ta b l a e o
f c o f n
t e n
ts w ill
g i ve i i
a pr o
f es s i o
n a l a
p p ea
r a nc
e to
yo ur d
o cu
Co n s id
e r t i t
l e p
age s f o
r ea
ch se c
t i o n
to a d d
cl a r
i t y.
CTSOs s
CT
SO s
Reading Prep
Before reading this chapter, review the objectives. Based on
this information, write down two or three items that you think are
important to note while you are reading.
College
and Career
Readiness
It is all about getting ready for
college and career. College and career
readiness activities address literacy skills
to help prepare you for the real world.
• English/Language Arts standards
for reading, writing, speaking,
and listening are incorporated in
Reading Prep activities, as well as in
end-of-chapter applications.
• Exploring Careers features present
information about potential career
opportunities in the Business,
Management, & Administration career
cluster. By studying these, you can
investigate career possibilities for
your future.
• Portfolio Development activities
provide guidance to create a personal
portfolio for use when exploring
volunteer, education and training, and
career opportunities.
Practical information helps
prepare for your future. Special
features add realism and interest to
enhance learning.
• Ethics offers insight into ethical
issues with which you will be
confronted in the workplace.
• Green Business illustrates the
importance of respecting the
environment in the workplace.
e c a ll e
d H e
a l t h Ca
r e
v
du a
l R e s p
o n s i b
ili ty
wa s a
dd e d
. Thi s
i e m
st
be a
d dr esse
d by
a ll
ta x p
a ye r s
B e f o
r e
mp
e
n g a n
in c o
m e ta
x r et ur
n , ta
xp ay
e r s
u ld
r ea d
f ili n g
in st ru
c t i o n
s pr ov
id e d
by t
h e
to
m a k e s
u r e
t hi s i
t e m , as
a l
i t e m s o
n
Signature Sig Sig
g nat
a ur
r e
A r
e ur n
mu st
a l w
b
i
p sible prison
i
s
mp
u
t
l l
i t e m s o
n a
r n
mu st
a l wa
y b
i
ction 9.2 Workplace Environment
175
The
Occupational Safety & Health
A
dministration (OSHA)
was established by the
US Department of Labor in 1970. Its mission is
to assure safe and healthful wo ki
f
toward a person based on his or her race, color,
religion, sex, national origin, age, or disability.
According to the US Equal Employment
Opportunity Commission (EEOC), harassment
becomes unlawful when:
• enduring off
Green businesses lead by educate
their employees on sustainable business practices.
Through sustainability training, employees learn
the importance of
going green
at work and the
best practices to reduce waste and lower energy
consumption.
employees in simple
procedures can not only help save environment,
but also save the company money. Employees
should be instructed to make small changes in
their daily habits. Turning lights off when exiting a
room and turning computer equipment off over the
weekend can make a big difference.
Green Businessmt,irasSustainabilitye
Trainingbe