Read My Lips
Public School teachers get paid from what tax?
a) Federal Income Tax
b) State Income Tax
c) Ad Velorem Tax
d) Sales Tax
b) State Income Tax
True or False: The only type of loan is a school loan.
False! There are so many different kinds of loans.
What gets taken out of your paycheck each time?
Taxes
Private Schools make most of their money from:
Tuition
What type of tax do you get charged when you go out to eat or go shopping?
Sales Tax
What is the name of the money help for school that you don't have to pay back?
Scholarships
True or False: To buy something that costs a lot of money, you HAVE to have a loan or credit card to pay for it.
False! If you have the money, you can just pay.
What is the main income source of non-profits (places that don't earn from commerce)?
Donations
Sales Taxes DO NOT help pay for which of the following:
a) Parks
b) Police Officers
c) Doctor's Offices
d) City Hall Employees
c) Doctor's Offices
True or False: A loan does not have interest.
False. Most if not all loans have interest to be paid back.
True or False: Interest is only a thing that can be against your benefit, meaning you always have to pay more.
False! When you invest, you are gaining interest, meaning gaining money, which is in your benefit.
What is the thing that helps musical artists and authors get money when people listen to/buy their work?
Royalties
History: What raised tax given by the British caused the Bostonians in 1773 to throw things into the harbor in protest?
Tea Tax
What is the acronym or full title of the national school loan program?
FAFSA; Free Application for Federal Student Aid
_____ Pay is after your taxes (the money that goes into your pockets).
Net Pay
Oftentimes, people who work at car dealerships or furniture stores, and some artists, get paid by:
Commission