Taxes
This tax is taken from your income check.
What is Income Tax?
Prior to the COVID lockdowns, this president had the lowest unemployment percentage.
(Does not include President Biden)
Who is Donald Trump?
Refers to the share of the labor force that is without work but available for and seeking employment.
Unemployment Rate
This is a stock market index of 30 prominent companies listed on stock exchanges in the United States.
Dow Jones Indusrtrial Average
Mr. Wonderful: "I'll give $100,000, but I need to wet my beak. I need 20% of the company."
How much does Mr. Wonderful value the company at?
$500,000
This occurs when you sell an asset for more than what you originally paid for it.
What is Capital Gains Tax?
During President Trump's term, COVID lockdowns sky rocketed the April 2020 unemployment rate to this percentage.
(Closest to the actual percentage gets it)
14.7
A sum of money paid regularly (typically quarterly) by a company to its shareholders out of its profits (or reserves).
Dividends
This is a stock market index tracking the stock performance of 500 of the largest companies listed on stock exchanges in the United States.
S&P 500
Double Points: What does S&P 500 stand for?
Lori Greiner: "As you know, I am the QVC Queen. With that being said, I'm going to need more equity."
What does Equity mean?
Equity represents ownership of the company. So in this example, 25% equity means that the shark would own 25% of the business.
SHUSH PLEASE! (both teams)
Closest to the answer gets it.
In 2022, how much total tax revenue did California take in.
Hint: We're talking Elon Musk money.
280.83 billion
The "Great Ressesion" started during this president's term.
George W. Bush
SHUSH PLEASE! (Team who chose)
The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding:
Interest Rate
SO ALONE (both teams)
As of 12:17pm today (because this is when Randy made this Jeopardy) what is price of a TESLA stock.
$250.75, no .73. no wait, .67, $250.67
SHUSH PLEASE! (Team who chose)
Mark Cuban: "Let me stop you right there, ok? I see what you're doing. This isn't a business, it's an idea. I would never invest in this. It's a scam. Not even if you give me a ROYALTY. And I'm better than Elon Musk."
What does Royalty mean?
payments made to an investor/owner of a product or property in order for another party to use/sell it. For example, the investor may be paid a royalty of $2 per product sold. If the product sells for $10, then the investor would receive $2 each time someone buys it.
A theory is, if you lower the taxes on corporations, this will happen to unemployment.
What is decrease?
SO ALONE... (Team who chose)
Between these 2 presidents, one was credited for the Tax Relief Reconciliation Act and the other was credited for the Tax Cuts and Jobs Act, essentually lowering income tax.
Bush and Trump
Daily Double (team who chose)
This standard was generally abandoned in the Depression of the 1930s.
What is the Gold Standard?
To distribute (investments) among different companies or securities in order to limit losses in the event of a fall in a particular market or industry.
Diversify
Robert Herjavec: "Wooooooooow, no kidding. This great! What do you WHOLESALE it for, and what's retail?"
Retail price: the price that customers pay for your product at a store (Target, Walmart, Billy Joe's Roundhouse Barn Shack).
Wholesale: ?
the price charged to a distributor (you as the owner) for buying the product in bulk. The wholesale price is equal to the cost to create the product plus a profit margin so the manufacturer of the product can make money.
FIND THE LIE! (Both teams)
These states do not have state income tax.
Alaska, Florida, Oklahoma, Nevada, South Dakota, Tennessee, Texas, Washington and Wyoming.
Which one is the lie?
Oklahoma
The number of uninsured (healthcare) lowered (-15 million) but healthcare premiums (an amount to be paid for a contract of insurance ) rose 43%.
*According to fackcheck.org
Barack Obama
This is an unincorporated business that has just one owner who pays personal income tax on profits earned from the business.
Sole Proprietorship
refers to the process of offering shares of a private corporation to the public in a new stock issuance for the first time. This allows a company to raise equity capital from public investors.
Initial Public Offering (IPO)
Barbara Corcoran: "Wow, you are handsome and have huge muscles. What are your MARGINS?"
What does "margins" mean?
It shows how much money from every sale of a product that the business keeps.
Double Points:What is YOUR profit margin?
Price per unit to Manufacure $3.75
Price per unit you charge Wallmart to sell your product $10.01
Wallmart sells it for $13.99 per unit