Budget Categories
This category covers things you might eat...
You have this large chuck to pay for your rent or mortgage.
What is 30%?
This is money that you earn.
What is income?
This tax is imposed on all purchases except for unprocessed foods.
What is a Sales Tax?
If a Person makes 100,000 a year and pays 50% in tax, this will be their net income.
What is $50,000?
This category covers movie tickets, new shoes, tickets to see the Avengers movies, and V-Bucks.
What is personal?
Utilities and Healthcare share this percentage.
What is 8%?
This is money that you earn 12 times a year
What is Monthly Income?
This tax system taxes every individual at the same rate.
What is a Flat Tax?
If your monthly income is $2,500, you have this much to put in savings.
What is $250
This category puts money away for later use.
What is savings?
What is 10%?
This is your income before tax.
What is a Gross Income?
This tax system taxes high-earners at a larger percentage than low-earners.
What is a Progressive Tax System?
If you make a Gross Income of $33,333 and pay 33% in taxes, you will be left with this amount.
What is $22,222?
This category covers toothbrushes, doctor copays, and
What is healthcare?
You can spend this percentage on food and drink.
What is 13%
This is your income after tax.
What is Net Income?
This tax system places percentage taxes on individual items rather than incomes.
What is a Fair Tax System?
With a Net Income of $24,000 you will have this much as a monthly income.
What is $2,000?
This category covers electric, heat, phone bill.
What is Utilities?
You only have this much to spend on gifts. Also the best kind of milk.
What is 2%?
This is a plan to help spend your money.
What is a budget?
This is the definition of a Tax.
What is money you pay to the government?
If you make $20,000 Gross Income, then pay 40% in taxes, you will be left with this much in MONTHLY income.
What is $1,000.