Financial Literacy
Why does financial literacy matter?
Can affect you in the future and what you want to be able to do
What is a tax?
Money that is required to be paid to the government.
How many strings does a ukulele have?
Four
What is the minimum wage in NYS?
$15.50 per hour
What can you do with a debit card?
Typically a physical card and can make ATM withdrawals
Whats the biggest category that teens spend money on?
Food and drinks
What continent is the largest?
Asia
How many hours per week can a student work if they are between the ages of 13 and 15?
18 hours per. week.
What can you do with a bank account?
Transfer money to and from, receive direct deposits and can write checks
What is the difference between a need and a want?
A need - can't function without it
A want - not necessary for every day life
Pickles start out as what vegtable?
Cucumbers
Can a teenager (13-15 years old) work past 10:00 p.m.?
No!
Once you are 16 years old, you can work one day a week after 10:00 p.m. only if you have obtained permission from your parents or guardians, and school, confirming that your grades are in good standing.
What is financial literacy?
Having the skills and knowledge to make informed financial decisions
What earns you more money? Compound or simple interest?
Compound
What is your body's largest organ?
Skin
When considering Cash app., what is an "app. partnership"?
A big scam to make you think someone is sharing money with you.
What is a late fee on a credit card?
You pay a late fee!
If you miss your scheduled payment, the bank charges an average of $35
What are the three ways we learned that the government collects taxes?
Products, Pay, Property,
What is Mrs. Francis' dog's name?
ALGEBRA!
If a worker makes $17.50 an hour and work for 20 hours per week with a tax rate of 12%, what is their take-home pay for the week?
17.50 x 20 =350
350. x .88 = 308
$308 is the answer