Advanced Listening Practice

1. How much did Tyler pay for the walnut dresser, and how much did he sell it for?
    He paid a hundred dollars and sold it for five hundred
    He paid eighty dollars and sold it for six hundred
    He paid sixty dollars and sold it for eight hundred
    He paid forty dollars and sold it for nine hundred

2. Why does Meghan mention self-employment tax?
    To show that Tyler would earn more money as a freelancer
    To suggest that Tyler should hire an accountant before making any decisions
    To explain why Jake's carpentry business failed
    To point out that his gross income would be significantly reduced after taxes

3. Why does Meghan bring up Jake?
    To show that freelance carpentry is a growing industry
    To recommend Jake as someone who could teach Tyler about self-employment
    To suggest that Tyler should partner with Jake on the business
    To undermine Tyler's claim that setting aside thirty percent covers everything

4. What practical problem is Tyler's furniture hobby currently causing at home?
    The noise from sanding and woodwork is disturbing the neighbors
    The restored items are taking up too much space and creating physical obstructions in their home
    The smell of paint and varnish is making his family unwell
    His wife is upset that he spends weekends working instead of with the family

5. How much money does Tyler calculate he needs saved before trying full-time furniture restoration?
    Twelve thousand dollars
    Eight thousand dollars
    Eighteen thousand dollars
    Eighty thousand dollars

6. What happened to Meghan's friend who quit her job to start a candle business?
    Her sales dropped sharply after the platform changed its algorithm, and she returned to regular employment
    She was very successful and now runs the business full-time
    She moved her business from Etsy to her own website and recovered
    She ran out of savings before making her first sale

7. When Tyler says "candles and furniture are pretty different markets," what point is he trying to make?
    That furniture is cheaper to produce than candles
    That his situation is not comparable because the products are different
    That online platforms are better suited to small handmade items
    That Meghan does not understand the furniture industry

8. What does Meghan mean by "build the runway first"?
    Tyler should build a display area to showcase his furniture
    Tyler should save enough money to support himself before taking the risk
    Tyler should create a proper business plan before quitting
    Tyler should test his products at a market stall before committing