General
Is food a need or a want?
Want!
How much is a car in total if it costs $5469 before tax?
$6179.97
Receive a gift of $100
$100
What is an advantage of debit cards?
Ms. Davey choice
Cole bought a bike from Jonah for $30, he didn’t have cash and wanted to share the money directly from his bank account to Jonah’s. What should he do?
Use E-Transfer
What is the difference between income and expenses?
Income is money going INTO your bank account and expenses are costs or money GOING OUT of your bank account
If the cost for an item is $50, how much tax are we paying on that item?
$6.50
Gift another group $200
$200
What is a way people are often paid through work?
Cheques!
Max went to get a coffee at the local coffee shop and forgot his wallet, but luckily, he had online banking and his phone. What should he do?
Use Apple Pay!
DOUBLE OR NOTHING
HST (Harmonized Sales Tax)
What is tax used for in Ontario and Canada? 2 Examples!
Education, healthcare, policing, etc
Sorry nothing!
$0
List 5 payment methods
Cheque, Debit, Credit/VISA, Cash, Money Order, Apple Pay, E-Transfer
Uh Oh!
-$200
Ms. Davey's Choice
What are the two percentages of Federal and Provincial tax in Ontario?
5% and 8%
If you can do the math to figure out how much the total cost of a pool + tax equals. If you get the correct answer, you receive $400. The pool is $879 before tax.
$993.27 total
DOUBLE TROUBLE
Credit/VISA
+$250
Is receiving a pay check an income or an expense?
Income!
What is HST?
Federal (5%) and Provincial (8%) tax added together
What is a type of payment method that is a gift?
What is a type of payment that we carry in our wallets and we have to pay it back online when we use it?
Credit Card
Is paying for groceries an income or an expense?
Expense