Show:
Banking
Credit
Debt
Taxes
Income
100
A document that instructs a bank to move a specific amount of money from one person's account to another specified person 
What is a check?
100
A plastic card issued by a bank, allowing the holder to purchase goods and services on unsecured credit
What is a Credit Card? 
100
Pros and Cons: Give one PRO of debt? 
Can increase one's credit score, if managed responsibly 
100
True or False: Property tax is taken out of your paycheck? 
False 
100
Income received before taxes and other payroll deductions have been taken out  
What is Gross Income 
200
The action of signing the back of a check before you deposit 
What is Endorse? 
200
The cost of borrowing the principle loan amount ($money$) expressed as a percentage.  
What is Interest Rate? 
200
Pros & Cons: Give another PRO of Debt 

What is - Increase human capital by accessing higher education or training OR may help earn income such as rental income or small business income


200
A tax on the income of all U.S. citizens and residents whose rate is based on taxable income regardless of the state of residence or employment
What is Federal Income Tax? 
200
Income after all taxes and other deductions are taken out. 
What is Net Income
300
This is what your debit card is directly linked to
What is your checking account? 
300
Incentives given by a credit card company to encourage usage 
What are Reward Points/ Cashback rewards? 
300
Pros & Cons: Give a CON of debt
What is:  You may pay more than the purchase price due to interest and fees   (or provide another accepted answer) 
300
A tax levied by a state's government which varies depending on where you live, work, invest, etc. 
What is the State Income Tax? 
300
Income that is set annually and is not based on the amount of hours you work 
What is a Salary? 
400
A formed that is used to put funds into your account. (Although this is being used less with the advent of ATM deposits and new cell phone technology) 
What is a Deposit Slip? 
400
A detailed statement that contains information about a person's credit activity and history used to determine their creditworthiness. 
What is a Credit Report? 
400
PROS & CONS: Give another CON of Debt 
What is: Paying off debt reduces current spending 

 ( or give another accepted answer) 

400
An income tax that is used for people who have already retired, people who are disabled, survivors of workers who have died, and dependents of beneficiaries. 
What is the Social Security Tax? 
400
Income paid based on hours worked
What is a Wage? 
500
The nine-digit code used to identify the bank which the check was drawn? 
what is a Routing Number? 
500
A three-digit number based on information from a person's credit report and used by lenders to determine creditworthiness. Also, give the 4 letter acronym associated with it. 

What is your (FICO) credit score? 

500
Pros & Cons: Provide a CON for debt 
What is: Too much debt can have a negative effect on your credit score ( or provide another accepted answer) 
500
An income tax that provides health insurance for people over the age of 65, regardless of their (those 65+) income. 
What is Medicare Tax? 
500
The least amount of money an employer is required to pay an employee (unless they are tipped employees) 

-Give the term and amount- 

What is Minimum Wage? $7.25 an hour.