Definitions
Income
The Six Stages
Deductions from Pay
Random
100
This is the money you spend on things that you want or need.
What are expenses?
100
A group of workers who can work together to increase income and other benefits is called this.
What is a union.
100
The Foxtrot Stage begins when you do this.
What is retire?
100
True or false? Waiters do not pay income taxes on their tips?
False.
100
This artist won the Grammy for all six categories she was nominated in 2012.
Who is Adele?
200
This is the type of income you get from your job.
What is earned income?
200
Which is higher, your net pay or your gross pay?
Gross pay.
200
True or false? Someone in the Alpha Stage must have graduated from college.
False.
200
If you receive a tax refund, the government did this the previous year.
What is withheld too much from each pay check?
200
This man is the Vice President of the United States.
Who is Joe Biden?
300
Property, buildings, and equipment are examples of this type of unearned income.
What are physical assets?
300
Stocks, bonds, and other investments are examples of this type of unearned income.
What are financial assets?
300
The "Empty Nest" stage is another term for this stage.
What is the Echo Stage?
300
You are more likely to have payments toward this deducted from your paycheck when you have dependents.
What is life insurance?
300
Who won the World Series last year?
Who are the St. Louis Cardinals?
400
The money you could have made be doing something differently, like investing money versus spending it, is an example of this.
What is opportunity cost?
400
Education and skills that can increase the amount of income a person makes is known as this.
What is human capital?
400
These two stages are likely to see an increase in income compared to the previous stage.
What are the Bravo and Delta Stages?
400
If you are married, this is how much money you need to spend on deductible expenses in order to make itemizing your deductibles worth it.
What is $10,000?
400
This is the only month of the year that has no federal holidays in the United States.
What is August?
500
Things that allow people to do their jobs better and make more money are called this.
What is capital?
500
Gifts, another type of unearned income, are also known as this.
What are transfer payments?
500
This is the term used to describe someone who marries but never has children.
What is a perpetual bravo?
500
Which of these is closest to the percentage of pay you will contribute to social security if you are self-employed?
a) 7% b) 10% c) 15% d) 25%
500
This tallest building in the United States is found in this city.
What is Chicago?
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