2. Basic Personal Finance PowerPoint Millionaire Game

3. Question 1 for $100 Which of the following is a fixed expense in a family budget? A. Car payment D. GasolineC. Clothing B. Food 50:50

4. Question 2 for $200 How long does it take for missed credit card payments to be cleared from your credit report? A. 3 yearsB. 5 years C. 6 yearsD. 7 years 50:50

5. Question 3 for $300 Where can you get a free copy of your credit report once every 365 days? A. www.freeannualcreditreport.com D. A bank or credit union C. Federal Trade Commission B. www.annnualcreditreport.com 50:50

6. Question 4 for $500 Which of the following is most likely NOT a mandatory deduction from a worker’s paycheck? A. Union dues D. Federal income taxC. Life insurance B. FICA tax 50:50

7. Question 5 for $1,000 Which number is the BEST possible FICO credit score? A. 780 D. 1,000C. 950 B. 850 50:50

8. Question 6 for $2,000 Which form is used for calculating federal income tax withholding? A. W-4 D. W-2C. 401(k) B. 1099 50:50

9. Question 7 for $4,000 Which company is NOT one of the three major credit bureaus? A. TransUnion C. Dow JonesD. Experian B. Equifax 50:50

10. Question 8 for $8,000 Which factor has the biggest impact on a person’s credit score (worth 35%)? A. Credit history D. Types of credit used C. Amount of debt B. Age 50:50

11. Question 9 for $16,000 Secured credit is backed by which of the following? A. Your credit score D. Ability to payC. Your payment history B. Property or cash 50:50

12. Question 10 for $32,000 The amount of income left in someone’s paycheck after taxes and other deductions is A. Discretionary income D. Disposable income C. Taxable income B. Adjusted gross income 50:50

13. Question 11 for $64,000 Which of the following assets provides the highest degree of safety of principal? A. Stocks D. Bonds C. Certificates of deposit B. Collectibles 50:50

14. Question 12 for $125,000 Which form of credit involves making regular monthly payments for large purchases such as a car? A. Service credit D. Cosigned creditC. Installment credit B. Revolving credit 50:50

15. Question 13 for $250,000 Which of the following is NOT a term related to credit? A. Origination Fee D. APRC. FICO B. APY 50:50

16. Question 14 for $500,000 Experts generally recommend having enough money saved for emergencies to cover a minimum of: A. 1 month’s expenses D. 8 month’s expensesC. 6 month’s expenses B. 3 month’s expenses 50:50

17. Question 15 for $1 Million What happens when you take “0” income tax withholding allowances on Form W-4? A. Larger tax refund D. Less tax deductedC. Larger net income B. Smaller tax refund 50:50

18. Ask the Audience Raise your hand for the letter of your choice when your teacher asks you to.

19. Would you like to try for? $200 $100

20. Would you like to try for? $300 $200

21. Would you like to try for? $500 $300

22. Would you like to try for? $1,000 $500

23. Would you like to try for? $2,000 You are guaranteed $1000! You are guaranteed $1000!

24. Would you like to try for? $4,000 $2000

25. Would you like to try for? $8,000 $4000

26. Would you like to try for? $16,000 $8000

27. Would you like to try for? $32,000 $16000

28. Would you like to try for? $64,000 You are guaranteed $32,000! You are guaranteed $32,000!

29. Would you like to try for? $125,000 $64,000

30. Would you like to try for? $250,000 $125,000

31. Would you like to try for? $500,000 $250,000

32. Would you like to try for? $1 Million $500,000

33. $1,000,000

34. Phone a Friend! Which student in class would you like to ask for help?

35. I’m Sorry! That is not the correct answer!