Ways to Pay
Taxes
Budgeting
Income
Surprise!
100
Needing internet is one disadvantage of which type of payment method?
What is Debit or Credit Cards
100
What is income tax?
What is taxes on money that you are being paid
100
Putting money aside to buy something you want is called what?
What is saving
100
The total amount of income you earn before taxes
What is Gross Income
100

Income: $200 Expenses: $160 What is the greatest amount of money you can put in savings?

$40

200
Taking a long time in line is one disadvantage of which type of payment?
What is Checks
200
What is property tax
What is tax on any land that you own
200
Julie earns $21 by babysitting. She spends $2.98, $3.75, and $10.95 in weekly expenses. How much does she have to save each week?
What is $3.32
200

Is income money coming in or going out? 

In-come=money coming in
200

Which is an advantage of using a debit or credit card?

A They are both linked to your credit score.

B They are both accepted in most places as a form of payment.

C There are usually no limits on the amount of money available for purchases.

D There are usually no fees assessed for using these cards.

B They are both accepted in most places as a form of payment.

300
Paying interest is one disadvantage of which type of payment?
What is Credit
300
Cindy has $100 to spend on new clothes. If she buys a shirt at $24, pants at $39 and a new coat at $34 will she have enough money if sales tax is .08?
No, sales tax adds $7.76 to $97 making it go over $100.00
300
What does it mean to have a perfectly balanced budget?
What is you expenses equals income
300
The amount of money you make after taxes and expenses.
What is net income
300

If your expenses are more than your income what is something you can do to balance them out?

Various answers accepted!

400
List the four payment types
What is Debit, Credit, Cash, Check
400
Mrs. Diaz make $600 selling plants outside of her teaching job. The state income tax is .09 cents per dollar. How much does she make selling plants?
What is $546
400
Below is Martin's budget: He earns $35 giving art lessons each week He gives $10 to charity every week He gets $15 in allowance for doing chores If Martin wants to buy an Xbox that costs $300. How many weeks does he need to work?
What is 8 weeks?
400

What is the formula we use to find the net income?

Gross income-deductions=net income

500
When you don't have enough money to pay a bill, which payment type is a way to temporarily pay it?
What is Credit
500
Mrs. Hasty has 5 acres of land. She pays $79 per acre in property tax per month. How much does she pay monthly in property tax?
What is $395.00
500

Mr Salazar's net income for the month of January was $2545. What amount should be in the transportation category in order for Mr Salazar's budget to be balanced?

$298

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