Foundations of Money
True or false: bartering was the first form of payment.
What is true?
What are your interests?
What is things you like to do/enjoy?
What is false?
True or false: taxes are required by the government and evading them is illegal.
What is true?
a) 4,000 b) 11,000
What is b) 11,000?
What are your abilities?
What is the things that you do well?
Define the term gross annual income.
What is the total pay/earnings for a year before taxes/deductions are done?
True or false: there is a gift tax in the United States.
What is true?
What trait listed below is not required for currency?
- portable
- limitable
- shareable
- durable
What is shareable?
Describe what a career cluster is.
What is a group of alike careers that fall under/share the same category?
What are the earnings that are made within the period of a year after deductions are done?
Describe what sales tax is.
What is the tax on sales/the receipt from sales?
What was the first American coin called?
- half dollar
- penny
- pine tree shilling
What is the pine tree shilling?
What are your aptitudes?
What are your natural talents?
define the term gross monthly income
What is the total pay/earnings for a month's period before deductions are made?
What is the tax that the government levies directly on earning from a career or job?
What is income tax?
Around 3,000 years ago in China, they began using what as currency?
- gold
- cowrie shell
- silver
What is cowrie shell?
Name at least 3 different career clusters
What are STEM, health services, government and public administration, education and training, etc. ?
Define net monthly income/take home pay AND give 3 examples of what might be taken out from your paycheck.
What are the amount of money left after deductions for a month and taxes, insurance, bills, etc. ?
True or false: boats are not included on property taxes.
What is false?