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THIS. IS. Jeopardy. Your. With. Host. Mrs. Brace. Jeopardy. Column A. Column B. Column C. Column D. Column E. Column F. 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.

amelia-shelton
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THIS

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  1. THIS IS Jeopardy

  2. Your With Host... Mrs. Brace

  3. Jeopardy Column A Column B Column C Column D Column E Column F 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

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

  5. 31% A 100

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

  7. As you work you pay your taxes A 200

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

  9. Paper paycheck Direct Deposit Payroll Card A 300

  10. How does direct deposit work? A 400

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

  12. How does a payroll card work? A 500

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

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

  15. W-4 & I-9 B 100

  16. What do taxes provide citizens? B 200

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

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

  19. 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

  20. How are federal taxes determined? B 400

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

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

  23. Tax collecting B 500

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

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

  26. What is a dependent? C 200

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

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

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

  30. DAILY DOUBLE DAILY DOUBLE Place A Wager C 400

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

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

  33. What is a pay period? C 500

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

  35. How is gross pay calculated? D 100

  36. Number of hours worked X hourly wage D 100

  37. What is net pay? D 200

  38. Pay after deductions D 200

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

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

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

  42. Medicare & Social Security D 400

  43. What does Social Security fund? D 500

  44. Retirement and disability D 500

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

  46. 1.45% E 100

  47. Define fixed expense E 200

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

  49. Define Flexible Expense E 300

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