Budget
Taxes
Interest
Getting Paid
Credit
100
This is what you get paid when you work more than 40 hours per week.
What is overtime or time and a half?
100
These people collect your tax dollars.
What is the IRS?
100
If it doesn't say compound, then it is definitely this type of interest.
What is simple interest?
100
When I multiply my hours times my hourly rate(up to 40 hours), I get this.
What is gross pay?
100
This number tells financial institutions how well I pay my bills on time.
What is a credit score or FICO score?
200
This expense will almost always be the largest expense in your budget.
What is housing, rent or mortgage?
200
These two items are where almost all of your tax dollars go to.
What is defense and debt interest?
200
This letter represent the dollar amount of interest in the simple interest formula.
What is the letter 'I'?
200
After I subtract any deductions, I am left with this amount.
What is net pay?
200
This would be one of the two 'good times' to use a credit card.
What is an emergency or when you have the money in the bank?
300
If your job requires a college degree, this will probably be an expense in your budget.
What is a student loan payment?
300
With this type of tax, it doesn't matter how much you make, everyone pays the same rate.
What is a flat tax?
300
When we compound monthly, this variable will be equal to '12'.
What is the letter 'n'?
300
This tells me how much I have made this year since January 1st.
What is YTD or Year To Date?
300
This is the only legitimate way to not have to pay back any of the money you owe(or only a part).
What is bankruptcy?
400
When someone spends more than they make, they usually do this to cover their debts.
What is to borrow money, get a loan, or put it on a credit card?
400
This is the day that you must pay all of your federal taxes for the year by.
What is April 15th?
400
The beginning amount is also known by this name.
What is 'Principle'?
400
We always do this when calculation how much to leave for a tip.
What is rounding up to the nearest dollar?
400
This is how long it will take to pay off a credit card of more than $1000, if you only make the minimum payment.
What is '32.5 years'?
500
If you don't do this with at least 10% of your income, don't expect to retire when everyone else does.
What is savings or investments?
500
This is the tax form used for almost all individuals filing taxes in the United States.
What is 1040 or 1040EZ?
500
He is the man that said 'compound interest is the eighth wonder of the world.
Who is Albert Einstein?
500
This is when I don't work for an hourly wage but rather a percentage of what I sell.
What is commission?
500
Group Choice
What is a 'McClellanism'?
M
e
n
u