Review Jeopardy

Taxes

100

Florida has a state income tax, true or false.

What is false?

200

If you are in the 22% tax bracket, all of your income is taxed at 22%, true or false.

What is false?

300

This percent is the combined state and local sales tax in Florida. 

What is 7.5%?

400

This is the largest percentage of federal income taxes goes to this category.

What is health insurance?

500

If I am in the 22% tax bracket, this is my effective tax rate. 

What is 10%? 

Making Money

100

This type of pay is what hits your bank account after deductions.

What is take-home pay? 

200

When are taxes usually taken out of your paycheck?

What is before you get your paycheck?

300

You should always use this income when making your budget.

What is your take-home income? 

400

The first $14,600 you make is not taxed, this is called the...

What is the standard deduction?

500

This is a legal procedure in which a person's earnings are required by court order to be withheld by an employer for the payment of a debt such as child support.

What is wage garnishing?

Tax System

100

The U.S. uses this type of tax system for federal income tax.

What is progressive tax? 

200

Sales tax in an example of this type of tax system、

What is a regressive tax? 

300

In this type of tax system, everybody is taxed at the same percentage.

What is proportional tax?

400

This type of tax system impacts low-earners more.

What is a regressive tax system?

500

IRS stands for....

What is the Internal Revenue Service?

Suprise

100

These are the two remaining Republican candidates running for president in 2024.

Who are Nikki Haley and Donald Trump.

200

These are the two main political parties in the US.

What are Republican and Democrat?

300

This is the first round of elections, usually separated by political party. 

What are primary elections/the primaries?

400

This the final round of elections.

What are general elections?

500

Joe Biden is our ______th president.

What is 46th?