Taxes
Gross vs. Net Income
Monthly, Weekly, Hourly
Writing Checks
Tracking Finances
100
The percentage we use to estimate the amount of money in taxes.
What is 35%?
100
The difference between gross and net income.
What is gross income is the money you make BEFORE taxes and net income is AFTER?
100
The number of months in a year.
What is 12?
100
Two things that an adult would have to write a check for.
What are rent, gas bill, electric bill, phone bill, cable bill, food, etc.?
100
Why you should track your expenses.
What is because you need to know how much money you have to pay bills and other things?
200
Definition of Taxes
What is the money you must pay to the government based on your income?
200
The formula for NET income.
What is NET = GROSS - TAXES?
200
The number of weeks in a year.
What is 52?
200
The two ways the amount must be written on the check.
What is as a number AND in words?
200
Difference between Withdrawal and Deposit.
What is that withdrawal is taking money out and deposit is putting money in ( withdraw is subtract and deposit is add)?
300
One thing that tax money is used for.
What are schools, roads, hospitals, parks, government employees, military etc?
300
The larger amount of money: Gross or Net???
What is Gross income?
300
The number of hours a full time employee works in a week.
What is 40 hours per week?
300
Write 3,402 in words
What is three thousand four hundred two?
300
Another name for a bank log or the table used to track your finances.
What is a ledger?
400
Show steps to calculate the Taxes for an income of $46,750.
What is 0.35 X 46,750?
400
The first thing you need to calculate before you can determine a person's net income?
What are taxes?
400
Show steps to calculate the weekly income given the yearly income of $55,000.
What is 55,000/52?
400
This is required in order to make the check official and able to be used.
What is your signature?
400
Describe what "balance" means.
What is the amount of money left in your bank account after paying or getting paid something?
500
You pay $16,320 in taxes. Show the steps to figure out the original gross income.
What is 16,320/0.35?
500
Show steps to calculate the net income, given a gross income of $100,000.
What is NET = 100,000 - 0.35(100,000)?
500
Show steps to calculate the hourly income given a yearly income of $70,000.
What is 70,000/52/40?
500
Write your first AND last name in Cursive.
What is ...?
500
RANDOM ALERT! The date of Ms. McKernan's birthday.
What is January 11th?
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