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Ms. Wagemaker Coginchaug Regional High School

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Page 1: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Ms. WagemakerCoginchaug Regional High School

Page 2: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Personal Finance JeopardyGetting a

JobYour

Paycheck Your Budget

Your Banking

100 100 100 100200 200 200 200300 300 300 300400 400 400 400500 500 500 500

Page 3: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Credits

Exit

Page 4: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Getting a Job $1001. Which of the following documents

is not necessary to apply for a job?

application formpersonal data sheetform 1040résumé

Page 5: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Getting a Job $100form 1040

Page 6: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Getting a Job $200Which of the following information do you not

provide on a résumé?your Social Security numberyour contact informationyour current and previous job titlesyour volunteer activities

Page 7: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Getting a Job $200your Social Security number

Page 8: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Getting a Job $300Which tax must be paid by everyone who

works?Social Security taxsales taxproperty taxnone of the above

Page 9: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Getting a Job $300Social Security tax

Page 10: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Getting a Job $400Susan makes an annual salary of $52,000. She

gets paid every other week. What is her gross pay

amount every other week?

$1,000$2,000$1,800$2,600

Page 11: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Getting a Job $400$2,000

Page 12: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Getting a Job $500Charlie works at a car dealership. He is paid a

15% commission. He sells 12 cars during the month of August. His total sales for the month are $350,000. If he sells over 10 cars, he gets a 1% bonus – the bonus is based on his total sales.

How much are Charlie’s earnings for the month of August?

$12,000$21,000$15,500$21,500

Page 13: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Getting a Job $500$21,000

Page 14: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Your Paycheck $100If you make $18.00 an hour and work 40

hours a week, and your deductions equal $132.69, what is your net pay?

$623.42$720.00$852.69$587.31

Page 15: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Your Paycheck $100$587.31

Page 16: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Your Paycheck $200Which tax must be paid by everyone who

works?Social Security taxsales taxproperty taxnone of the above

Page 17: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Your Paycheck $200Social Security tax

Page 18: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Your Paycheck $300The more tax allowances you claim on your

Form W-4,

the smaller your paycheck will be.the larger your paycheck will be.the more deductions your employer will

withhold.the fewer deductions your employer will

withhold.

Page 19: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Your Paycheck $300the larger your paycheck will be because less

is taken out for taxes

Page 20: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Your Paycheck $400Which of the following deductions are

MANDATORY?

Social SecurityCharitable contributionsMedicareState Income TaxesRetirement savingsFederal Income TaxesHealth Insurance Disability Insurance

Page 21: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Your Paycheck $400MANDATORY DEDUCTIONS:Social SecurityCharitable contributionsMedicareState Income TaxesRetirement savingsFederal Income TaxesHealth Insurance Disability Insurance

Page 22: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Your Paycheck $500Which of the following deductions are

VOLUNTARY?

Social SecurityCharitable contributionsMedicareState Income TaxesRetirement savingsFederal Income TaxesHealth Insurance Disability Insurance

Page 23: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Your Paycheck $500Which of the following deductions are

VOLUNTARY?

Social SecurityCharitable contributionsMedicareState Income TaxesRetirement savingsFederal Income TaxesHealth Insurance Disability Insurance

Page 24: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Your Budget $100What is the first thing to consider when

planning a budget?cash flow statementestimated expensesfinancial goalsemergency fund

Page 25: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Your Budget $100What is the first thing to consider when

planning a budget?cash flow statementestimated expensesfinancial goalsemergency fund

Page 26: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Your Budget $200If your monthly income from your job is $600,

and you want to save 25%, how much would you save each month?

$125$200$150$250

Page 27: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Your Budget $200If your monthly income from your job is $600,

and you want to save 25%, how much would you save each month?

$125$200$150$250

Page 28: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Your Budget $300Fixed expenses include all of the following

exceptelectric bill.new tires.house payment.food.

Page 29: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Your Budget $300Fixed expenses include all of the following

exceptelectric bill.new tires.house payment.food.

Page 30: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Your Budget $400Which of the following most accurately

describes a budget deficit?a.the money left over after all expenses are

paidb.the difference between income and

expensesc.expenses owed every monthd.not having enough money to cover

expenses

Page 31: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Your Budget $400Which of the following most accurately

describes a budget deficit?a.the money left over after all expenses are

paidb.the difference between income and

expensesc.expenses owed every monthd.not having enough money to cover

expenses

Page 32: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Your Budget $500Your budget should reflect the threea.R’s: reality, responsibility, and restraint.b.R’s: realistic and responsible record

keeping.c.S’s: simple, specific, and smart.d.S’s: share, save, spend.

Page 33: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Your Budget $500Your budget should reflect the threea.R’s: reality, responsibility, and

restraint.b.R’s: realistic and responsible record

keeping.c.S’s: simple, specific, and smart.d.S’s: share, save, spend.

Page 34: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Your Banking $100If you have $113.69 in your checking account,

and you spend $115.44, you will be charged a(n)

deduction.interest fee.late fee.overdraft fee.

Page 35: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Your Banking $100If you have $113.69 in your checking account,

and you spend $115.44, you will be charged a(n)

deduction.interest fee.late fee.overdraft fee.

Page 36: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Your Banking $200Which of the following is an example of

interest?a.the fee charged by a check cashing

companyb.the money exchanged in a funds transferc.the money a bank earns for lending moneyd.the fee a bank charges for an overdraft

Page 37: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Your Banking $200a.the fee charged by a check cashing

companyb.the money exchanged in a funds transferc.the money a bank earns for lending

moneyd.the fee a bank charges for an overdraft

Page 38: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Your Banking $300You need to fill out a __________ to ensure that

the bank puts your money in the correct account.

deposit slipcheckbook registerwithdrawal slipsignature card

Page 39: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Your Banking $300You need to fill out a __________ to ensure that

the bank puts your money in the correct account.

deposit slipcheckbook registerwithdrawal slipsignature card

Page 40: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Your Banking $400A checkbook register includes all the following

columns exceptthe date and type of transaction.the check number or transaction type.the date a transaction cleared the bank.the account balance.

Page 41: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Your Banking $400A checkbook register includes all the following

columns exceptthe date and type of transaction.the check number or transaction type.the date a transaction cleared the bank.the account balance.

Page 42: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Your Banking $500Which of the following could not be used to

make purchases on credit?Visa card issued by your bankGap Carddebit card issued by your banka BP gasoline card

Page 43: Ms. Wagemaker Coginchaug Regional High School Personal Finance Jeopardy Getting a Job Your Paycheck Your Budget Your Banking 100 200 300 400 500

Your Banking $500Which of the following could not be used to

make purchases on credit?Visa card issued by your bankGap Carddebit card issued by your banka BP gasoline card