1. Life, Money, and You
Ms. Grinde

2. Unit 2: Budgeting Review Jeopardy!
Today we will review the material we’ve learned in Unit 2: Budgeting by playing a game of jeopardy! You are ALLOWED to use your notes, but the more you know off hand, the better! This review will be great to assess your knowledge of the learning objectives in Unit 2.
First let’s cover the rules & then divide into teams!

3. Rules:
The Jeopardy board consists of 30 questions, divided into six categories. There will be TWO teams. The game starts when the first team chooses a category and question with a corresponding point value.
The higher the point value, the more difficult the question.
The ‘questions’ are actually posed as statements and you must answer the ‘questions’ in the form of a question.
When questions are asked either team can buzz in to answer. Your team will have 15 seconds to answer before your turn is loss and the opposing team can try to answer.
The team that answers correctly gains control of the board and picks next question.

4. Rules:
The board contains ‘double jeopardy’ questions. At this time only the team who landed on the ‘D.J.’ can answer. You will wager (maximum: your total score) what you’d like to bet on the question BEFORE seeing it. You will have 30 seconds to answer.
The final jeopardy round will be a single question posed to each team. You will see the category, and then be asked to wager (maximum: total score). You will be asked the question and have 30 seconds to WRITE down the answer (remember: In the form of a question).
The team with the highest score at the end of the final jeopardy round WINS!

5. Now Let’s Play!

7. THIS IS
Jeopardy

8. With
Your
Host...
Miss Grinde

9. Jeopardy
Taxes
Understanding Your Paycheck
Receiving $ From Government
Spending Plans
Living Expenses
Random Fun
100
100
100
100
100
100
200
200
200
200
200
200
300
300
300
300
300
300
400
400
400
400
400
400
500
500
500
500
500
500

10. The percentage of one’s paycheck that is deducted.

11. What is 31%?
A 100

12. The largest deduction with held from one’s paycheck.

13. What is federal withholding tax?

14. These are the three ways in which an employer can pay their employees.

15. What are payroll card, paycheck, and direct deposit?

16. An employee’s earnings before deductions.

17. What is gross income?
A 400

18. The paycheck amount and this income amount are the same.

19. What is net income?
A 500

20. All government assistance programs are intended for use for this amount of time.
B 100

21. What is a temporary (or short amount of time)?
B 100

22. An action that you can do with your fingers or a temporary government assistance program to buy food.
B 200

23. What is S.N.A.P (Supplemental Nutrition Assistance Program)?
B 200

24. A tax that is quite controversial and provides a small income and services to the elderly, disabled, and orphaned minors.
B 300

25. What is social security?
B 300

26. A worker who has been let go or laid off receives this stipend from the government.

27. What is unemployment insurance?
B 400

28. This government program provides medical care to the elderly and people with disabilities.

29. What is medicare?
B 500

30. A plan for managing your money during a given period of time.
C 100

31. What is a spending plan/budget?
C 100

32. For those living on this ‘federal and state determined ‘least amount earnings’, budgeting is even more critical.
C 200

33. What is minimum wage?
C 200

34. In order to Budget, you must first determine what is the money you have coming in and out.

35. What is cash flow?
C 300

36. DAILY DOUBLE
DAILY DOUBLE
Place A Wager
C 400

37. Name 5 of the 7 government assistance programs.

38. Unemployment Insurance Social Security Earned Income Tax Credit
What are:
SNAP
TANF
Medicare
Medicad
Unemployment Insurance
Social Security
Earned Income Tax Credit
C 400

39. When budgeting a meal, a family can buy this instead of brand name foods to save money.

40. What is generic/or store brand?

41. This term can label every person who receives a paycheck.
D 100

42. What is a taxpayer?
D 100

43. Taxes issued on a house or land.

44. What are property taxes?
D 200

45. Responsible for collecting federal taxes, issues regulations, and enforcing tax laws written by the United States Congress.
D 300

46. What is the IRS or Internal Revenue Service?
D 300

47. Taxes are enforced at these three levels.

48. What are local, state, and federal?

49. The tax on money you make.
D 500

50. What is income tax?
D 500

51. A type of expense that changes month to month.

52. What is a variable expense?

53. An expense that is the same month to month.

54. What is a fixed expense?
E 200

55. An expense that comes about every once in a while, like a 6 month car insurance payment.

56. What is a periodic expense?

57. The most important expense is also the person you should pay first when you receive a paycheck.

58. What is PYF (yourself!)?
E 400

59. As you get older you will have _______ expenses, compared to now.

60. What is more/more expensive?

61. Some possibilities of this are state plan, local plan, or a 401(k).

62. What is a retirement plan?
F 100

63. This person relies on the taxpayer for financial support.

64. What is a dependent?
F 200

65. This program temporarily fund families with income to help them achieve self sufficiency.

66. What is TANF?
F 300

67. The form issued to verify eligibility of people to avoid hiring undocumented workers.

68. What is the I-9 form?
F 400

69. The grade everyone is going to receive on the Unit 2 Exam.
F 500

70. What is an A? 
F 500

71. The Final Jeopardy Category is: Smart Spending
Please record your wager.
Click on screen to begin

72. Final Jeopardy Question:
What was the most important thing you learned about your spending habits after tracking your expenses this unit? Why was it important? How will you use this information in the future?
Click on screen to continue

73. What was the important thing? Why was it important?
Answers will vary:
What was the important thing?
Why was it important?
How will you use it in the future?
Click on screen to continue

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

75. Reflection:
Take out a piece of paper and reflect on the Unit 2 review game. Write down three things that we’ve learned over the Unit that you think are most important and explain why. Also, write down one thing you think you still need to learn more about/review before our exam tomorrow.