LET'S MAKE IT RAIN UP IN HERE!
WHY YOU TAKING MY MONEY HONEY!
HOW WILL YOU BE PAYING TODAY?
INCOME OR EXPENSE
TO BUY OR NOT TO BUY
100
The money employees get paid before taxes
What is Gross Income?
100
Mrs. Anderson's employer withholds $143 in taxes from her paycheck every month. The tax money helps fund federal programs such as Social Security and Medicare. What is the name of the tax Mrs. Anderson pays?
What is Payroll Tax?
100
Anthony's mom buys a soccer uniform for him. Although she may have to pay interest, she chooses a method of payment that allows her to quickly borrow the money. Method of Payment?
What is a credit card?
100
Cash that your received from chores
What is Income?
100
Sandra received $175 for her birthday. She spend $50 on her phone bill. $75 on new clothes. She also wants to buy 3 friends a gift. Each gift is $10. After all that she wants to buy an ice cream cone. "To buy or not to buy"
What is "to buy?"
(Although it does not say the cost of the ice cream cone, it is just a cone, therefore we can estimate it will be less than $20)
200
The money that an employee gets to take home after taxes
What is Net Income?
200
Brady's parents pay a tax to the federal government based on the money they earn every year. The tax money helps pay for the military, national parks, and the President's salary. Name the tax Brady's parents pay.
What is income tax?
200
Armani buys a basketball. He gives the clerk a card so that the basketball can be purchased with the money in his checking account. Then he remembers to record the purchase in his ledger. What is the Method of Payment?
What is a debit card?
200
Just bought me some nice jeans
What is an Expense?
200
Carlos wants to buy his mom a gift. He has $80 saved up. His mom really wants a bracelet from James Avery that costs $128. "To buy or not to buy?"
What is "not to buy?"
300
Giovani earns $8 per hour working at Foot Locker. If he works 30 hours per week. What will be his gross income for one week?
What is $240?
300
William buys a candy bar priced at $0.99. After the clerk adds a tax, Jeff pays $1.07 for the candy bar. The tax help support state and local projects such as roads and bridges. Name the tax.
What is Sales Tax?
300
Mr. James signs up for cable television service. He will save time and postage by paying monthly online. He makes sure his personal information will be safe. What is the Method of Payment?
What is an electronic payment?
300
Just got my first paycheck!
What is Income?
300
Manuel just earned $50 from a babysitting job. He wants to go to the movies. He needs to buy a ticket that costs $12 and he would like to have a popcorn/drink combo that costs $15 with free refills. He also wants some sour patch candies that cost $6. "To buy or not to buy?"
What is "to buy?"
400
Stanley the chef paid his employee $14 per hour for working at his restaurant. If the employee worked for 20 hours and $20 was withheld in taxes. What was his gross income?
What is $280?
400
Mr. Valentinez pays a yearly tax of $1,300 bases on the value of his home. The tax money helps pay for schools and other local programs, such as firemen and courts. What is the name of the tax Mr. Valentinez pays?
What is a Property tax?
400
Mrs. Anderson buys new tires for her car. Although it takes extra time, she fills out a slip of paper that allows the bank to take her money from her checking account to pay for the purchase. What is the Method of Payment?
What is a check?
400
Groceries
What is an Expense?
400
Received a paycheck of $300. Have a fixed expense for rent in the amount of $259 and would like some shoes for $42. "To buy or not to buy?"
What is "not to buy?"
500
Jose the talented artist sells his paintings at an art exhibit. He makes a total of $300 for 5 drawings sold. He was able to keep all this money. Name the type of income.
What is Gross Income?
500
Observe the picture. What kind of tax did this lady pay?
What is a sales tax?
500
Max earns $5 doing chores. He takes the money to school, knowing he must keep it safe in his pocket. He uses the money to shop at the book fair. What is his Method of Payment?
What is Cash?
500
Donations to a hospital.
What is an Expense?
(For you it would be an expense because you're giving the money. For the hospital it would be income because they are receiving the money)
500
Mrs. Anderson's budget for Groot her pup is $150 per month. Groot's food cost $75 a bag monthly. His grooming costs $42. His weekly toy is $12. To buy or not to buy?
What is "not to buy?"
(Double Bonus: If you say you can buy 2 toys only)