Show:
Goods and Services
Budget
Taxes
Jobs, Jobs, Jobs
Mystery
100
A want is good or service that is required to live? True or False?
False. A want is a good or service that is not required to live
100
A plan for spending your money over a set period of time is called __________? A. wage B. credit C. wants D. budget
D. Budget
100
Taxes are _______. A. Money received for starting your own business B. The money paid to rent an apartment C. How someone manages their money effectively D. Required payments to the government
D. Required payments to the government
100
If you do not have a job, you are considered _________. A. Human Resources B. Scarce C. Unemployed
C. Unemployed
100
What is Financial Literacy? A. goods or services needed to survive B. not enough goods available to satisfy the wants & needs of people C. the amount of goods & services consumers want D. The ability to use knowledge and skills to manage your financial resources effectively is called what
D. The ability to use knowledge and skills to manage your financial resources effectively is called what
200
Which of the following would be examples of a good (Hint: there is more than 1) A. Ice Cream B. Dog Walking C. Textbook D. Bicycle Repair E. Baseball Bat
A. Ice Cream C. Textbook E. Baseball Bat
200
Money spend on goods and services are called _________. A. Income B. Expenses C. Needs D. Budget
B. Expenses
200
Taxes paid when purchasing goods and services are called what? A. Sales Tax B. Income Tax C. Wages D. Income
A. Sales Tax
200
The amount of money received before tax deductions are taken out of a paycheck is called ________? A. Net Pay B. Taxes C. Interest D. Gross Pay
D. Gross Pay
200
What is credit? A. Money owed to someone B. Money lent to someone C. Money you get from a job you work D. Money paid for taxes
B. Money lent to someone
300
People who produce a good or service are called _________?
Human Resources
300
Johnny made $30 mowing his neighbor's yard this past weekend. The $30 is Johnny's __________. A. Interest B. Budget C. Tax D. Income
D. Income
300
What is net pay? A. The money received for going to school B. Amount of money someone receives after deductions on their paycheck C. The price to buy a fishing net D. Money spent on goods and services
B. Amount of money someone receives after deductions on their paycheck
300
An employee's yearly income is known as what? A. Salary B. Wage C. Taxes D. Unemployed
A. Salary
300
Something that you can touch is called what? A. Good B. Service C. Wage D. Net pay
A. Good
400
Consumers are ___________. A. the amount of money a person takes home from a job B. something that satisfies a want or need C. people whose wants and needs are satisfied by using goods and services they have bought.
C. People whose wants and needs are satisfied by using goods and services they have bought.
400
Having a budget will help you pay off your ________. A. credit B. debt
B. debt
400
Donut World Giant Donut $6.99 1 Dozen Donut Holes $7.99 Bottle of Milk $1.95 Subtotal _________ 7% Tax (0.07) _________ Total _________
Subtotal: $16.93 7% Tax: $1.19 Total: $18.12
400
Saul is paid $13 per hour. He is paid a _______. A. wage B. salary
wage
400
If you are in debt, you _______ money. A. Owe B. Are owed
A. Owe
500
Not enough goods available to satisfy the wants & needs of people? A. wants B. expenses C. Human Resources D. Scarcity
D. Scarcity
500
Trinity has $20 to spend and wants to buy a book for $18.59. Sales tax is 7% (0.07). Will she be able to buy the book?
Yes Book: $18.59 Sales tax: $1.30 Total: $19.89
500
Explain the difference between sales tax and income tax
....
500
John's Cafe Employee: Kelsey Clearwater Wage: $13.00 Hours Worked: 8 hours x 5 days ___________ Gross Income: ___________ Federal Income Tax: $73 Payroll Taxes: $32.50 State Income Tax: $14.75 Net Income:___________
Hours Worked: 40 Gross Income: $520.00 Net Income: $399.75
500
What are two different ways the state government collects money to provide goods and services?
Sales Tax, Income Tax