3.18.3.G5 © Family Economics & Financial Education - Revised May 2010 - Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 1.

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Presentation transcript:

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 1 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Trivia

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 2 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Car Insurance 1Insurance 1Car Insurance 2Insurance 2Taxes $100 $200 $300 $500 $400 $100 $200 $300 $500 $400 $100 $200 $300 $500 $400 $100 $200 $300 $500 $400 $100 $200 $300 $500 $400 Insurance… ~Trivia~ Final Trivia

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 3 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Answer: Your hit a tree with your car and you need to repair it. Insurance1 ~$100~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 4 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Time’s up!

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 5 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Car Insurance1 ~$100~ Question: What is a Collision Insurance?

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 6 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Answer: You hit someone else’s car and damaged it so you need to pay for the car’s repairs. Car Insurance 1 ~$200~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 7 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Time’s up!

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 8 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Question: What is Liability Insurance? Car Insurance1 ~$200~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 9 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Answer: You cause a vehicle accident in your car and receive an injury Car Insurance 1 ~$300~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 10 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Time’s up!

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 11 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Question: What is Medical Payments Insurance? Car Insurance 1 ~$300~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 12 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Answer: Your car is totaled in an accident caused by someone without liability insurance. Car Insurance 1 ~$400~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 13 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Time’s up!

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 14 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Question: What is Uninsured Motorist Insurance? Car Insurance 1 ~$400~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 15 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Answer: Your car is in the garage when your house burns down. Car Insurance 1 ~$500~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 16 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Time’s up!

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 17 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Question: What is Comprehensive Insurance? Car Insurance 1 ~$500~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 18 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Answer: Uncertainty about a situation’s outcome. Insurance 1 ~$100~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 19 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Time’s up!

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 20 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Question: What is a risk? Insurance 1 ~$100~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 21 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Answer: Provides income if a person is unable to work because of an injury or illness. Insurance 1 ~$200~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 22 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Time’s up!

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 23 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Question: What is disability insurance? Insurance 1 ~$200~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 24 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Answer: The type of insurance which allows many individuals to afford medical care. Insurance 1 ~$300~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 25 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Time’s up!

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 26 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Question: What is health insurance? Insurance 1 ~$300~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 27 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Answer: The person designated to receive money after the policy holder’s death. Insurance 1 ~$400~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 28 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Time’s up!

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 29 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Question: Who is the beneficiary? Insurance 1 ~$400~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 30 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Answer: The amount disability insurance typically pays. Insurance 1 ~$500~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 31 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Time’s up!

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 32 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Question: What is 60-70% of one’s full time wage? Insurance 1 ~$500~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 33 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Answer: The person who hit your car does not have enough insurance for medical. Car Insurance 2 ~$100~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 34 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Time’s up!

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 35 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Question: What is Uninsured Motorist Insurance? Car Insurance 2 ~$100~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 36 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Answer: You lose control of your car and it rolls. You now need to repair your car. Car Insurance 2 ~$200~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 37 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Time’s up!

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 38 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Question: What is collision? Car Insurance 2 ~$200~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 39 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Answer: The car you are driving causes an accident that injures someone else. Car Insurance2 ~$300~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 40 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Time’s up!

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 41 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Question: What is Liability Insurance? Car Insurance2 ~$300~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 42 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Answer: Your car is stolen and you need to a replacement car. Car Insurance 2 ~$400~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 43 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Time’s up!

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 44 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Question: What is Comprehensive Insurance? Car Insurance2 ~$400~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 45 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Answer: Your friend is injured while riding in your car when you collide with a tree. Car Insurance 2 ~$500~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 46 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Time’s up!

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 47 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Question: What is Medical Payment Insurance? Car Insurance2 ~$500~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 48 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Answer: Your house is destroyed by a tornado and you need to rebuild it. Insurance 2 ~$100~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 49 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Time’s up!

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 50 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Question: What is Home Owners Insurance? Insurance 2 ~$100~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 51 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Answer: You get food poisoning and need to visit the emergency room. Insurance 2 ~$200~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 52 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Time’s up!

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 53 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Question: What is health insurance? Insurance 2 ~$200~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 54 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Answer: You break your leg playing baseball and are unable to work for three months. Insurance 2 ~$300~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 55 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Time’s up!

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 56 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Question: What is disability insurance? Insurance 2 ~$300~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 57 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Answer: A sudden death in the family results in loss of income. Insurance 2 ~$400~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 58 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Time’s up!

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 59 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Question: What is Life Insurance? Insurance 2 ~$400~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 60 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Answer: There is a fire in your apartment and you need to replace all of your clothes and furniture due to smoke damage. Insurance 2 ~$500~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 61 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Time’s up!

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 62 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Question: What is Renter’s Insurance? Insurance 2 ~$500~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 63 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Answer: A tax on property, such as land, building (including homes), and motor vehicles. Taxes ~$100~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 64 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Time’s up!

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 65 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Question: What is Property Tax? Taxes~$100~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 66 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Answer: A tax on items purchased in retail stores. Taxes ~$200~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 67 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Time’s up!

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 68 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Question: What is Sales Tax? Taxes ~$200~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 69 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Answer: The purpose of this tax is to pay for health for senior citizens. Taxes ~$300~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 70 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Time’s up!

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 71 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Question: What is Medicare? Taxes ~$300~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 72 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Answer: 3 Paid on both earned and unearned income. Taxes ~$400~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 73 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Time’s up!

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 74 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Question: What is income tax? Taxes ~$400~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 75 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Answer: Funds the Social Security and Medicare Programs. Taxes ~$500~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 76 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Time’s up!

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 77 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Question: What is payroll tax? Taxes ~$500~

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 78 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Final Trivia

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 79 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Answer: Funds State and Local Governments and some states don’t have it. Final Trivia

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 80 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Time’s up!

G5 © Family Economics & Financial Education - Revised May Life in...United States Simulation - Bancroft-Notebook Cover and Profile Page 81 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Question: What is sales tax? Final Trivia