Credit
Behavioral Economics
Taxes
More Taxes
200

THIS is the biggest component of your credit score.

What is on-time payments (or payment history)?

200

These are what traditional economics do not factor in. 

What are emotions?

200

Social Security and Medicare taxes are also called THIS. 

What is Payroll tax or FICA? 

200

THIS reduces your taxable income. 

What is a deduction? 

400

Credit cards are an example of THIS TYPE of credit.

What is revolving credit?

400

When test driving a car, you may feel the car is partly yours which is THIS behavioral economics term. 

What is the Endowment Effect?

400

Sales Tax is an example of THIS type of tax. 

What is Regressive tax? 

400

THIS reduces the taxes you owe. 

What is a credit? 

600

THIS is the maximum liability you are responsible to cover if there is fraud on your credit card.

What is $50?

600

You buy the large popcorn at the movies because of THIS behavioral economics term.  

What is the Decoy Effect?

600
The actual percentage of your income that you will pay in taxes is called THIS. 

What is the Effective Tax Rate? 

600

THIS is the form you submit to determine the amount of tax that is taken from each paycheck. 

What is the W4 form? 

800

You should keep your credit utilization under THIS percentage to help your credit score.

What is 10%?

800

You treat birthday money as "free money" because of THIS behavioral economics term.  

What is Mental Accounting? 

800

Called Workers must pay THIS PERCENTAGE of taxes for social security and medicare taxes. 

What is 15.3%? 

800

A certain amount of your income that is protected from taxes is called THIS. 

What is the Standard Deduction? 

1000

THESE are the 3 C's of credit.

What are capacity, character, and collateral (or capital)?

1000

You eat the burnt brownies because you spent money and time making them which is THIS behavioral economics term.

What is the Sunk Cost Fallacy? 

1000

HE said, "In this world, nothing is certain except death and taxes." 

Who is Benjamin Franklin? 

1000

A called worker subtracts all three of THESE THINGS to determine taxable income. 

What are parsonage allowance, 1/2 SECA, and standard deduction? 

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