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Life, Money, and You

Life, Money, and You. Ms. Grinde. Unit 2: Budgeting Review Jeopardy!.

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Life, Money, and You

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  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!

  6. THIS IS Jeopardy

  7. Your With Host... Miss Grinde

  8. 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

  9. The percentage of one’s paycheck that is deducted. A 100

  10. What is 31%? A 100

  11. The largest deduction with held from one’s paycheck. A 200

  12. What is federal withholding tax? A 200

  13. These are the three ways in which an employer can pay their employees. A 300

  14. What are payroll card, paycheck, and direct deposit? A 300

  15. An employee’s earnings before deductions. A 400

  16. What is gross income? A 400

  17. The paycheck amount and this income amount are the same. A 500

  18. What is net income? A 500

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

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

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

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

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

  24. What is social security? B 300

  25. A worker who has been let go or laid off receives this stipend from the government. B 400

  26. What is unemployment insurance? B 400

  27. This government program provides medical care to the elderly and people with disabilities. B 500

  28. What is medicare? B 500

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

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

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

  32. What is minimum wage? C 200

  33. In order to Budget, you must first determine what is the money you have coming in and out. C 300

  34. What is cash flow? C 300

  35. DAILY DOUBLE DAILY DOUBLE Place A Wager C 400

  36. Name 5 of the 7 government assistance programs. C 400

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

  38. When budgeting a meal, a family can buy this instead of brand name foods to save money. C 500

  39. What is generic/or store brand? C 500

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

  41. What is a taxpayer? D 100

  42. Taxes issued on a house or land. D 200

  43. What are property taxes? D 200

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

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

  46. Taxes are enforced at these three levels. D 400

  47. What are local, state, and federal? D 400

  48. The tax on money you make. D 500

  49. What is income tax? D 500

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