Taxes
Economic Terms
Pop Culture
Miscellaneous
Our Economy
100
What is the sales tax rate in Las Vegas? (be within .1%)
8.38%
100
What is a surplus?
When you have too much of something (supply) compared to what people want (demand)
100
Name one dead meme from 2024
There's a lot.
100
What is an asset?
Anything you own that can provide future benefit (cash, stocks, bonds, real estate, vehicles, etc)
100
What form of economy do we have in the United States? (this was on the Civics Exam)
Free Market Economy
200
What is the income tax rate in Nevada?
0%
We're one of two states that doesn't have any
200
What is scarcity?
When you don't have enough of something (supply) compared to what people want (demand)
200
What was the highest grossing movie of 2024?
(probably not the one you're thinking of)
Inside Out 2
200
What does it mean when you "endorse" a check?
You sign the back of it
200
Where is Wall Street located?
*Bonus* - what do they do there?
New York
Location for the New York Stock Exchange and New York Federal Reserve
300
What day are your federal tax returns due by?
April 15
300
What is opportunity cost?
The value of what you give up when you make a choice
300
Name three songs nominated for the song of the year at the Grammys 2025.
A Bar Song (Tipsy), Birds of a Feather, Die With a Smile, Fortnight, Good Luck Babe!, Not Like Us, Please Please Please, and Texas Hold 'Em
300
What percent of your income do financial experts recommend you invest in your retirement? (be within 5%)
At least 10-15%
300
What does Gross Domestic Product (GDP) measure?
The value of the final goods and services produced in a country
400
What do you need to pay property taxes on?
The value of the home(s) or land you own
400
What does a Lorenz Curve measure?
Economic disparity (how much money the rich have compared to how much the poor have)
400
How did the Drake / Kendrick beef end?
Kendrick dropped They Not Like Us
Drake sued Kendrick and UMG
400
Who is the most recent celebrity to scam their fans with a cryptocurrency?
Haliey Welch (the Hawk Tuah Girl)
[no that's not a typo, her parents can't spell]
400
What does the Consumer Price Index (CPI) measure?
The increase in the cost of goods and services compared to past years
If CPI increases, cost of living increases
500
What do you call the extra taxes on unhealthy things, energy products, vehicles, and "luxury" goods?
Excise taxes
500
Describe the Prisoner's Dilemma
When two people have an independent choice and act in their own best interest, they might not make the best choice because they're afraid of what the other person will decide.
500
What became part of the public domain on January 1, 2024? (that means anyone can make a project involving the character or story)
Mickey Mouse (from Steamboat Willie)
500
What happens when you file for Chapter 7 or Chapter 13 Bankruptcy?
7 - The court appoints someone to sell off your assets
13 - The court gives you 3-5 years to pay off your debts
500
What effect do tariffs have on the GDP? Which group of people do they have the biggest effect on?
Large-scale tariffs have decreased our GDP since the 1920s. This mostly affects the poor.