Taxes
Why do we ay taxes?
Public good/funding for free services
How does a debit card work?
It is linked to your checking account and acts as a way to spend directly from that account
Third planet form the sun
Earth
What is a W-2?
A tax form sent to you from your employer showing how much was withheld
Is this year a leap year?
No
Describe Property Tax
A tax on something you own...home, RV, warehouse, etc
What percentage should we spend in housing?
30%
How many planets are in our solar system?
8
How do I create a budget?
Take monthly income and subtract fixed and variable expenses for the month.
Which President dropped the Atomic Bombs?
Truman
What form is used to determine your tax withholdings?
W-4
What is the purpose of a checking registry?
To catalog all of our purchases for the month
Mr. Gartrell's colorblindness
Red/Green
Pick me
Free points to the group who picks this
How did General Patton die?
Car accident
Explain the difference between a tax exemption and a tax deduction
Exemption - no tax need paying
deduction - reduces your taxable income
Explain a post-dated check
A check written with a later date to delay a deposit/cashing of the check
Roman Numeral for 4
IV
As a rule of thumb, an ADULT should have _________ months of salary saved.
3-6
The formula for Pythagorean Theorem?
A^2 +B^2=C^2
When is tax day?
April 15th
A high school student should have $___ in ther savings account by graduation
$500
The most well known comet seeable from Earth (every 75 years)
Halley's Comet
What is predatory lending?
Loans given out to people who are unlikely to pay them back which allows the lender to make large profits by taking advantage of those struggling (payday loan, title loan, etc)
This military leader led elephants across the Alps to battle the Romans
Hannibal