Goals
Paycheck Deductions
Budgeting
Expenses
FINAL JEOPARDY
100
Items you can save for now or in a few months.
What are Short-Term Goals
100
Money deducted by the state where you live to pay for public services and state and local government.
What is State Tax
100
Any money you receive.
What is Income.
100
Anything you spend money on.
What are Expenses
200
Items you can save enough money for in a few years.
What are Long-Term Goals
200
Money deducted by the federal government for public services and to fund the federal government.
What is Federal Tax
200
A plan you make in advance for how you will spend your money.
What is a Budget.
200
Money you must spend.
What are Essential Expenses
300
Something you would like to have but can live without.
What is a Want
300
Money deducted to help senior citizens with their medical care.
What is Medicare
300
These are 3 good ways to save up money for important stuff.
What is 1) Saving Regularly 2) Increasing your earnings 3) Making Smart Choices
300
Money that you would like to spend but do not necessarily have to spend.
What are Discretionary Expenses
400
A necessity you cannot live without such as food, water, clothing, shelter, etc.
What is a Need.
400
Percentage of money deducted in order to provide benefits to citizens who have retired or disabled.
What is Social Security Tax
400
The percentage of money from any income (according to a certain rule) that should be placed in a savings account.
What is 10%
500
FICA stands for this act.
What is the Federal Income Contributions Act.
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