3. THIS IS

4. With Host... Your

5. 100 200 300 400 500 Column A AColumn B BColumn C CColumn D DColumn E EColumn F

6. Approximately what percentage of a person’s paycheck is deducted? A 100

7. 31% A 100

8. What does it mean to say the US operates on an ongoing payment system? A 200

9. As you work you pay your taxes A 200

10. What are the 3 methods an employer may use to pay his/her employees? A 300

11. Paper paycheck Direct Deposit Payroll Card A 300

12. How does direct deposit work? A 400

13. The employer electronically deposits money in a persons banking account A 400

14. How does a payroll card work? A 500

15. The employer gives the employee their wage on a pre loaded card A 500

16. What 2 forms must an employee complete when beginning a new job? B 100

17. W-4 & I-9 B 100

18. What do taxes provide citizens? B 200

19. Roads, schools, protection, libraries, fire protection, etc. B 200

20. What is the difference between a progressive tax and a regressive tax? B 300

21. In a progressive tax the more you make the more you pay. In a regressive tax the more you make the less you pay B 300

22. How are federal taxes determined? B 400

23. By your allowances on your W-4 and the amount you make B 400

24. What services are provided by the Internal Revenue Service? B 500

25. Tax collecting B 500

26. What does the Form W-4 determine? C 100

27. The number of allowances a person is claiming C 100

28. What is a dependent? C 200

29. Someone who relies on you to provide for them C 200

30. What documentation must be provided to complete a Form I-9? C 300

31. Birth certificate, drivers license, social security card C 300

32. DAILY DOUBLE C 400 DAILY DOUBLE Place A Wager

33. What information is provided on the Form W-2? C 400

34. How much you made and was deducted from your paycheck in the past year C 400

35. What is a pay period? C 500

36. The time period your pay check is determined C 500

37. How is gross pay calculated? D 100

38. Number of hours worked X hourly wage D 100

39. What is net pay? D 200

40. Pay after deductions D 200

41. State taxes assist in providing funding for what within the state? D 300

42. Things within your state- education, roads, protection, etc. D 300

43. What 2 forms of taxes are represented under the Federal Insurance Contributions Act? D 400

44. Medicare & Social Security D 400

45. What does Social Security fund? D 500

46. Retirement and disability D 500

47. What percentage of gross income is deducted for Medicare? E 100

48. 1.45% E 100

49. Define fixed expense E 200

50. Bills that the amount doesn’t change payment to payment E 200

51. Define Flexible Expense E 300

52. Bills that you have control over and change payment to payment E 300

53. What is the difference between net gain and net loss? E 400

54. Net gain- you have money left over Net Loss- you are short money E 400

55. List 3 examples of income E 500

56. Paycheck Gift Loan Lottery savings E 500

57. What is the 1 st step to the spending plan process? F 100

58. Set Financial Goal F 100

59. What is the 2 nd step to the spending plan process? F 200

60. Organize F 200

61. What is the 3 rd step to the spending plan process? F 300

62. Decide F 300

63. What is the 4 th step to the spending plan process? F 400

64. Implement F 400

65. What is the 5 th step to the spending plan process? F 500

66. Control F 500

67. The Final Jeopardy Category is: Financial planning Please record your wager. Click on screen to begin

68. What does SMART stand for? Click on screen to continue

69. S- Specific M-Measureable A- Attainable R- Realistic T- Time Bound Click on screen to continue

70. Thank You for Playing Jeopardy! Game Designed By C. Harr-MAIT