Tax and Tip
Definitions
Buying and Renting
Grocery
Misc.
100

The tax on a shirt costing $8.99. 

What is $0.72?

100

Using this will take money straight out of your bank account

What is a debit card?


100

2 pros of renting an apartment

-not permanent

-rent may be lower than mortgage

-not responsible for repairs

100

Is produce, raw or frozen meat, condiments, and chips taxed?

NOPE

100

The maximum percent of your income that you should spend on rent/a mortgage.

What is 30%?

200

The final cost of a shirt costing $10.50. 

What is $11.34?

200

We are taking out a loan to buy a car, and you own the car after you make all the payments. 

What is financing?

200

2 cons of renting an apartment

-can't redecorate/upgrade what you want

-have to wait for landlord to fix things

-not building equity

-rent could be raised

200

Is candy taxed?

YES

200

Goes on the "Pay to the order of" line on a check

Who is the check to?

300

A tip left for a waiter on a bill of $34.00.

What is $6.80?

300

A loan to buy a house. 

What is a mortgage?

300

2 pros of mortgaging a house.

-your payments build equity

-you cant do whatever you want with the house

-not at the whim of a landlord to raise rent

300

Why is a rotisserie chicken taxed?

Because it is hot and prepared to be consumed immediately. 
300

Goes on the 'for' line of a check?

What is a 'memo.' It's for you to give yourself a little note about what the check is for. 

400

Your federal income tax if your annual income is $68,000 and you are filing as a single person.

What is $10,013?

400

Using this is borrowing money from a lender to make a purchase. 

What is a credit card?

400

2 cons of mortgaging a house. 

-you are responsible for repairs

-property tax

-harder to move

400

The better unit price? 30 jolly ranchers for $0.41 or 120 holly ranchers for $1.80?

What is 30 jolly ranchers?

400
Goes on the bottom right of a check. 

What is your signature?

500

Your NY income tax if your annual income is $68,000 and you are filing as a single person.

What is $3,575.50?

500

Word for renting a car.

What is leasing?

500

DAILY DOUBLE

Whatever topic you choose next is your daily double

500

What is the tax on a 24 pack of water bottles?

24 x 5 cents = $1.20. 

500

What Ms. Carl is.

What is your favorite math teacher?
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