Marriage Unit Jeopardy

Calculations Budgeting 101 Terms 100 200 300 400 FINAL JEOPARDY

What is the % taken out of your check for taxes? Calculations - 100 What is the % taken out of your check for taxes? Answer

Calculations - 100 What is Income Tax?

Money made before deductions and money after deductions Calculations - 200 Money made before deductions and money after deductions Answer

What is Gross Income and Net Income? Calculations - 200 What is Gross Income and Net Income?

Find the Net Income of a job that makes $27.55 per hour Calculations - 300 Find the Net Income of a job that makes $27.55 per hour Answer

Calculations - 300 What is $3,085.60?

Defining - 400 If your gross income is $5,400 a month, calculate 25% of your monthly net income to find how much of your monthly budget can go towards rent. Answer

Defining - 400 What is $945?

A cell phone and Netflix would be considered this. Budgeting - 100 A cell phone and Netflix would be considered this. Answer

Budgeting - 100 What is a Want?

If you have two children, how much does child care cost per month? Budgeting - 200 If you have two children, how much does child care cost per month? Answer

Budgeting - 200 What is $1,600?

Budgeting - 300 Minimum wage in Montana How much do you need to save each month? How much do you need to donate each month? Answer

Budgeting - 300 What is $8.05, $20,$10?

Budgeting - 400 Calculate the monthly gas payment for a car that gets 21 MPG, holds 22 gallons, $2.35 per gal, 1,500 miles driven. Answer

Budgeting - 400 What is $167.85?

Define the following: W/D Dep Lndry A/C Unf Gar Terms -100 Define the following: W/D Dep Lndry A/C Unf Gar Answer

Terms - 100 Washer / Dryer Laundry Unfurnished Rental Deposit Air Conditioning Garage

Terms - 200 Write down the education level for each number below: #1 - #2 - #3 - #4 - #5 - #6 - Answer

Terms - 200 #1 – HS Dropout #2 – HS Diploma #3 – 2 Years of College (Associates Degree) #4 – 4 Years of College (Bachelors Degree) #5 – 6 Years of College (Masters Degree) #6 – 8 Years of College (Doctorate)

Terms - 300 These terms are used to describe your budget when you have money to spend and are in debt. Answer

What is in the black and in the red Terms - 300 What is in the black and in the red

DAILY DOUBLE!! Answer Husband’s Job: Mechanic Income/Wage: $40 an hour Education:3 Wife’s Job: Nurse Income/Wage: $100,000 yearly salary Education: 4 Children: 3 Combined Monthly Gross Income: Combined Income Tax: Combined Monthly Net Income: Answer

Monthly Gross Income: $14,733 Tax: $4,419 Monthly Net Income: $10,313 DAILY DOUBLE!! Monthly Gross Income: $14,733 Tax: $4,419 Monthly Net Income: $10,313

FINAL JEOPARDY Using the information from the daily double, complete the monthly budget worksheet