Total pay or earnings made over a one year period before deductions have been taken out.
What is Gross Annual Income?
100
Name 3 main sources of tax revenue?
What is Income Tax, Sales Tax, and property Tax?
100
Give 2 of the 4 types of impulse buying
What is advertising, pricing promotions, store layout, and product demonstrations
Point Bonus: Give 1 example of each
100
A for profit institution that offers personal loans, mortgage, and other services
What is Bank
100
In writing a check what is the name of the spreadsheet that you use to record transactions and calculate balance
What is bank or check book ledger
200
Amount of monthly income remaining after all deductions, sometime referred to as take home.
What is NET Monthly Income?
200
Name 3 services or facilities that local and state governments use sales and property taxes on
What is Parks, public schools, libraries, street, street lights, police, firefighters, jails, courts
200
Money that is spent on goods or services and bills. Think about the budgets you made.
What is Expenditures
200
A not for profit institution that offers bank services and is owned by its members
What is a credit union?
200
Give an advantage and disadvantage of a credit card
Up to Ms. Nixon
300
referred to also as the Social Security Tax
What is FICA?
300
National defense, foreign affairs, social programs (like TRiO/ Upward Bound) are all examples of service that are supported by what type of tax
What is federal income tax?
300
Having a cell phone for a job that travels alot WANT or NEED
What is WANT
300
Give me an example of an online bank.
What is Paypal?
300
Federal Insurance Contributions ACT is usually called what when it appears on a pay stub
What is FICA
Point Bonus: This is also called What?
400
A form that you use to tell the government the right amount of taxes to keep from your paycheck (you calculate your allowances on this form)
What is W4?
400
If Jason makes $10 a hour and works 20 hours on his weekly check, $200 is Jason's _________ pay and $150 after his taxes are deducted is his __________pay.
What is Gross and Net pay?
400
Daily Double: Write ans example of 5 wants and 5 needs for a family of 4
Up to Ms. Nixon
400
A authorizing the holder to buy goods and services that can be paid for LATER
What is a Credit Card
400
Name 2 advantages of renting vs buying a home
Up to Ms. Nixon
500
The system used by the government to determine how much money to withhold from your paycheck
What is Allowances?
500
Whats day are income taxes due? aka Tax Day
What is April 15th
500
Give an example of short term and long term goal
Up to Ms Nixon
500
A written Order for a bank to pay money
What is a check?
500
Name 3 things that you have learn from this class and will use one day.
In order to score everyone must answer