The Six Stages
Deductions from Pay
Methods of Payment
Parts of a Check
Random
100
A newly married couple is in what financial stage of their lives?
Bravo
100
If you file taxes and get a refund, what happened the previous year?
The government took too much money out of your paychecks.
100
True or false: debit cards should be used for online purchases?
False.
100
True or false: You do not need to write the amount of the check in both numbers and words.
False.
100
Who was the 16th president of the United States?
Abraham Lincoln.
200
A couple with two kids who are both in school is in what stage?
Delta
200
Federal income taxes are progressive. What does that mean?
The more money you make, the higher the percentage you pay for taxes.
200
List two advantages of cash.
Easy to use, quick, generally accepted everywhere.
200
Why do most checks have a person's name and address on them?
So if the check bounces, they can contact the owner.
200
What chemical element has the symbol N?
Nitrogen
300
When does someone enter the Echo stage?
When their children are all moved on and independent.
300
When should you itemize your deductions when filing taxes?
When they total more than the standard deduction of $5,000.
300
Give two disadvantages of using a check.
Can bounce, not accepted everywhere, have to wait for it to clear, some fees may apply.
300
What part of a check is it OK to leave blank?
The memo line.
300
What city in the U.S. currently has the tallest building?
Chicago
400
Name two stages where your income is likely to INCREASE from the previous stage.
Bravo, Delta
400
Describe someone who doesn't need to have life insurance.
Someone who has no dependents (no one relies on them for survival).
400
True or False: Most money spent in the U.S. is spent in the form of cash.
False
400
Why might someone put a future date on a check that they write?
They may not have the money in the account when they write the check, but they will on that date.
400
A palindrome is a special type of word. Give one example of a palindrome.
Any word that is the same forward and backward (racecar).
500
Someone who never gets married is known as this type of Alpha.
A Perpetual Alpha.
500
This type of deduction from pay is 7.65% of your income and is usually matched by your employer.
Social security.
500
How can you avoid interest fees when you use a credit card?
Pay off your entire bill each month.
500
What can you write on the back of a check to make sure no one can steal it and cash it?
For deposit only.
500
What is the highest grossing animated movie of all time? (made the most money in ticket sales)
Toy Story 3
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