Living on Your Own
Monies held to cover possible damage in an apartment you rent
What is a "security deposit"?
Taxes on money that you are being paid
What are "income taxes?"
What are three things you need to write down to keep a record of money you spend?
What are: 1) the date; 2) the amount of money; and 3) the person or organization paid?
A "security deposit" covers rent for the first month when moving into an apartment
What is "False"?
Taxes on any land that you own
What are "property taxes?"
Julie earns $21 each week by babysitting. She spends $3, $4, and $9 each week. There is an amount she has left to save each week.
What is $5?
Solve: If Marie makes $400.00 per month at her job, but must pay 10% in income tax, how much money does she take home per month, after taxes?
What is What is $ 360?
Two ways to make sure you have money to take care of yourself hen you get older
What are a job and an education / skilled training?
A roommate may reduce the financial burden of living in an apartment
What is "True?"
Cindy has $100 to spend on new clothes. If she buys a shirt at $25, pants at $40 and a new coat at $25 will she have enough money if sales tax is another $10?
Yes. The total of $25 + $50 + $25 is exactly $100.00
The name for a budget where income exactly equals expenses
What is a "balanced" budget?
The amount of money you make after taxes and expenses.
What is net income?
1/2 divided by 5
What is 10?
The name of the agreement between a renter and landlord
What is a "lease?"
Mrs. Diaz make $600 selling plants outside of her teaching job. The state income tax is .09 cents per dollar. How much tax does she pay on the plants she sold?
What is $54?
Here 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 $320. How many weeks does he need to work?
What is 8 weeks?
The difference between your "before-tax" income and your "after-tax" income
What are "deductions?"
The type of education needed to learn about the money game and how it works
What is "financial literacy" education?
If you are under 18 years of age, what is the description of the person who may have to guarantee that you will live up to the terms and conditions of the agreement?
What is a "co-signer?"
Mrs. Hasty has 5 acres of land. She pays $80 per acre in property tax per month. How much does she pay monthly in property tax?
What is $400.00?
A debit account versus a savings account
What is an account you put money in to spend. versus an account you put money in to save for a specific reason?
Items that reduce or exclude your income from taxes
What are exemptions?
Money you put in a debit or savings account
What is a deposit?