Unit 1: Personal Financial Planning
Unit 2: Wages and Compensation
Unit 3: State and Federal Taxes
Unit 4: Consumer Spending
Unit 5:
Credit
100
Items that you must have to live, such as housing and food.
What is a need?
100
This is the amount of money earned during a pay period before deductions.
What is gross pay?
100

These are fees that the government requires people to pay in order to live and work in their state and the USA.

What are taxes?

100
This coin has a value of $0.05.
What is a nickel?
100
After you have opened your bills, you should record the _________ on a calendar to remember when they must be paid.
What is a due date?
200
Saving for 3 months to buy an iPhone is an example of this type of financial goal.
What is a short term goal?
200
Pay for work beyond 40 hours in a work week.
What is overtime pay?
200

You must file your federal and state income taxes by this date in April.

What is the 15th?

200
You are a clerk at a video store. A customer buys a used video game for $14.50 and gives you $20. This is the amount of change returned to the customer.
What is $5.50?
200
The three main forms of cash are currency, checks, and ________.
What is debit cards?
300

This is a basic account that allows someone to deposit and withdraw money, use a debit card, write checks, and receive a monthly statement with no service charge.

What is a checking account?

300

A fixed amount of money paid to a worker for each hour worked 

What is a wage?

300
This form shows how much money you made and how much you paid in taxes from the previous year.
What is a W-2 form?
300
William purchased a new book for $15. If the sales tax rate is 6.75%, this is the amount of sales tax paid.
What is $1.01?
300
This payment method that lets you buy now and make payments later.
What is a credit card?
400
This financial institution requires you to belong to a certain group (e.g. state or federal employees) in order to join their cooperative and use their services.
What is a credit union?
400
The amount of money left after all the deductions have been taken from the gross pay earned in the pay period.
What is net pay?
400
A person who relies on another person, usually a family member, for financial support.
What is a dependent?
400
This type of restaurant serves low-priced food in a very casual atmosphere with little to no table service.
What is fast food?
400
Using most or all of your available credit will make your credit score go ______.
What is down?
500

A plan for how you are going to spend your money.

What is a budget?

500
The federal program that assists older Americans with insurance and income.
What is FICA?
500
This agency is responsible for collecting federal income taxes for the US government.
What is the Internal Revenue Service (IRS)?
500
Mary has a 20% off coupon to use on a shirt that cost $10.00. This is the sale price of the shirt.
What is $8.00?
500
This method of bill payment is programmed to pay the same amount to your lender each month on the same date.
What is an automatic draft?
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