Human Capital
Chickens
Math
Ducks
Storks
100
What is Human Capital?
What are talent, skills, knowledge?
100
Happens automatically, based on existing laws. It includes programs like Medicare and Social Security, (which are funded by FICA taxes).
What is Mandatory spending?
100
Regarding the money withdrawn from your paycheck, what are the two programs that FICA funds?
What is Social Security and Medicare?
100
Deadline for employers to mail W-2s to their employees.
What is January 31st?
100
this form verifies the identity and employment authorization of individuals hired for employment in the United States
What is an I9?
200
The most valuable asset a typical teenager holds.
What is Human Capital?
200
True or False: Discretionary Spending is voted on and approved by Congress each year
True
200
Gross Income is $100,000. What is the tax? Round to the nearest cent.
$100,000 - $14,600 = $85,400.
$5,579 +.22($36,925) = $13,702.50
What is $13,702
200
What the government must spend annually...
What is mandatory spending?
200
What is the Standard Deduction?
$14,600
300
the middle number in a sorted ascending or descending list of numbers
What is the Median?
300
Form that reflects your income earned and taxes withheld from the prior year
What is the W-2?
300
Describe the difference between Gross Pay, Net Pay and Taxable Income.
Gross Pay - Total money earned before deductions
Net Pay - "Take Home Pay"
Taxable Income - Gross Pay - $14,600
300
Percent of your paycheck that goes to Social Security.
What is 6.2%?
300
a collection of tax forms documenting different types of payments made by an individual or a business that typically isn't your employer
What is a 1099?
400
Productivity is measured as the...
...ratio of output per worker per unit of time.
400
Form you use to file your taxes.
What is the 1040?
400
True or False. The following person would be considered a dependent.
Your 23 year old child who lives with you, but covers more than 60% of their expenses.
False
400
Due date to file your taxes.
What is April 15th?
400
Anyone who worked as an employee during the tax year will receive this...
What is a W2?
500
Future Value of $800, compounded annually at 6.6% for three years, rounded to the nearest cent.
What is $969.08?
500
You had deductions of $10.76, $32.75 and $18.75 for your last pay period and your gross pay was $187.75,so this would be your net pay...
What is 250.01?
500
Burr and Burton Academy’s mission is to educate students ___________ and ____________ for a life of responsibility, integrity, and service.
What is intellectually and morally?
500
How many ice cream shops has Mrs. Gault visited?
303
500
an amount subtracted from a total, such as taking expenses away from gross income for tax purposes to lower a tax bill
What are deductions?