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Column A AColumn B BColumn C CColumn D DColumn E EColumn F
Approximately what percentage of a person’s paycheck is deducted? A 100
31% A 100
What does it mean to say the US operates on an ongoing payment system? A 200
As you work you pay your taxes A 200
What are the 3 methods an employer may use to pay his/her employees? A 300
Paper paycheck Direct Deposit Payroll Card A 300
How does direct deposit work? A 400
The employer electronically deposits money in a persons banking account A 400
How does a payroll card work? A 500
The employer gives the employee their wage on a pre loaded card A 500
What 2 forms must an employee complete when beginning a new job? B 100
W-4 & I-9 B 100
What do taxes provide citizens? B 200
Roads, schools, protection, libraries, fire protection, etc. B 200
What is the difference between a progressive tax and a regressive tax? B 300
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
How are federal taxes determined? B 400
By your allowances on your W-4 and the amount you make B 400
What services are provided by the Internal Revenue Service? B 500
Tax collecting B 500
What does the Form W-4 determine? C 100
The number of allowances a person is claiming C 100
What is a dependent? C 200
Someone who relies on you to provide for them C 200
What documentation must be provided to complete a Form I-9? C 300
Birth certificate, drivers license, social security card C 300
DAILY DOUBLE C 400 DAILY DOUBLE Place A Wager
What information is provided on the Form W-2? C 400
How much you made and was deducted from your paycheck in the past year C 400
What is a pay period? C 500
The time period your pay check is determined C 500
How is gross pay calculated? D 100
Number of hours worked X hourly wage D 100
What is net pay? D 200
Pay after deductions D 200
State taxes assist in providing funding for what within the state? D 300
Things within your state- education, roads, protection, etc. D 300
What 2 forms of taxes are represented under the Federal Insurance Contributions Act? D 400
Medicare & Social Security D 400
What does Social Security fund? D 500
Retirement and disability D 500
What percentage of gross income is deducted for Medicare? E 100
1.45% E 100
Define fixed expense E 200
Bills that the amount doesn’t change payment to payment E 200
Define Flexible Expense E 300
Bills that you have control over and change payment to payment E 300
What is the difference between net gain and net loss? E 400
Net gain- you have money left over Net Loss- you are short money E 400
List 3 examples of income E 500
Paycheck Gift Loan Lottery savings E 500
What is the 1 st step to the spending plan process? F 100
Set Financial Goal F 100
What is the 2 nd step to the spending plan process? F 200
Organize F 200
What is the 3 rd step to the spending plan process? F 300
Decide F 300
What is the 4 th step to the spending plan process? F 400
Implement F 400
What is the 5 th step to the spending plan process? F 500
Control F 500
The Final Jeopardy Category is: Financial planning Please record your wager. Click on screen to begin
What does SMART stand for? Click on screen to continue
S- Specific M-Measureable A- Attainable R- Realistic T- Time Bound Click on screen to continue
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