life, money, and you ms. grinde unit 2: budgeting review jeopardy! today we will review the material...
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Life, Money, and You
Ms. Grinde
Unit 2: Budgeting Review Jeopardy!
• Today we will review the material we’ve learned in Unit 2: Budgeting by playing a game of jeopardy! You are ALLOWED
to use your notes, but the more you know off hand, the better! This review will be great to assess your knowledge
of the learning objectives in Unit 2.
• First let’s cover the rules & then divide into teams!
Rules:• The Jeopardy board consists of 30 questions, divided into
six categories. There will be TWO teams. The game starts when the first team chooses a category and question with a corresponding point value.
• The higher the point value, the more difficult the question.
• The ‘questions’ are actually posed as statements and you must answer the ‘questions’ in the form of a question.
• When questions are asked either team can buzz in to answer. Your team will have 15 seconds to answer before your turn is loss and the opposing team can try to answer.
• The team that answers correctly gains control of the board and picks next question.
Rules:• The board contains ‘double jeopardy’ questions. At this
time only the team who landed on the ‘D.J.’ can answer. You will wager (maximum: your total score) what you’d like to bet on the question BEFORE seeing it. You will have 30 seconds to answer.
• The final jeopardy round will be a single question posed to each team. You will see the category, and then be asked to wager (maximum: total score). You will be asked the question and have 30 seconds to WRITE down the answer (remember: In the form of a question).
• The team with the highest score at the end of the final jeopardy round WINS!
Now Let’s Play!
THIS
IS
With
Host...
Your
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
Understanding Your Paycheck
Receiving $ From
Government
Spending Plans TaxesLiving Expenses Random Fun
The percentage of one’s paycheck that is deducted.
A 100
What is 31%?
A 100
The largest deduction with held from one’s paycheck.
A 200
What is federal withholding tax?
A 200
These are the three ways in which an employer can pay
their employees.
A 300
What are payroll card, paycheck, and direct deposit?
A 300
An employee’s earnings before deductions.
A 400
What is gross income?
A 400
The paycheck amount and this income amount are the
same.
A 500
What is net income?
A 500
All government assistance programs are intended for use
for this amount of time.
B 100
What is a temporary (or short amount of time)?
B 100
An action that you can do with your fingers or a temporary government
assistance program to buy food.
B 200
What is S.N.A.P (Supplemental Nutrition
Assistance Program)?
B 200
A tax that is quite controversial and provides a small income and services to
the elderly, disabled, and orphaned minors.
B 300
What is social security?
B 300
A worker who has been let go or laid off receives this
stipend from the government.
B 400
What is unemployment insurance?
B 400
This government program provides medical care to the
elderly and people with disabilities.
B 500
What is medicare?
B 500
A plan for managing your money during a given
period of time.
C 100
What is a spending plan/budget?
C 100
For those living on this ‘federal and state determined
‘least amount earnings’, budgeting is even more
critical.
C 200
What is minimum wage?
C 200
In order to Budget, you must first determine what is the money you
have coming in and out.
C 300
What is cash flow?
C 300
DAILY DOUBLE
C 400
DAILY DOUBLE
Place A Wager
Name 5 of the 7 government assistance programs.
C 400
What are:
SNAP
TANF
Medicare
Medicad
Unemployment Insurance
Social Security
Earned Income Tax Credit
C 400
When budgeting a meal, a family can buy this instead of
brand name foods to save money.
C 500
What is generic/or store brand?
C 500
This term can label every person who receives a
paycheck.
D 100
What is a taxpayer?
D 100
Taxes issued on a house or land.
D 200
What are property taxes?
D 200
Responsible for collecting federal taxes, issues
regulations, and enforcing tax laws written by the United
States Congress.
D 300
What is the IRS or Internal Revenue Service?
D 300
Taxes are enforced at these three levels.
D 400
What are local, state, and federal?
D 400
The tax on money you make.
D 500
What is income tax?
D 500
A type of expense that changes month to month.
E 100
What is a variable expense?
E 100
An expense that is the same month to month.
E 200
What is a fixed expense?
E 200
An expense that comes about every once in a while, like a 6 month car insurance payment.
E 300
What is a periodic expense?
E 300
The most important expense is also the person you should pay first when you receive a
paycheck.
E 400
What is PYF (yourself!)?
E 400
As you get older you will have _______ expenses,
compared to now.
E 500
What is more/more expensive?
E 500
Some possibilities of this are state plan, local plan, or a
401(k).
F 100
What is a retirement plan?
F 100
F 200
This person relies on the taxpayer for financial
support.
What is a dependent?
F 200
This program temporarily fund families with income to
help them achieve self sufficiency.
F 300
What is TANF?
F 300
The form issued to verify eligibility of people to avoid
hiring undocumented workers.
F 400
What is the I-9 form?
F 400
The grade everyone is going to receive on the Unit 2
Exam.
F 500
What is an A?
F 500
The Final Jeopardy Category is:
Smart Spending
Please record your wager.
Click on screen to begin
Final Jeopardy Question:
What was the most important thing you learned about your spending
habits after tracking your expenses this unit? Why was it important?
How will you use this information in the future?
Click on screen to continue
Answers will vary:What was the important thing?
Why was it important?How will you use it in the future?
Click on screen to continue
Thank You for Playing Jeopardy!
Game Designed By C. Harr-MAIT
Reflection:• Take out a piece of paper and reflect
on the Unit 2 review game. Write down three things that we’ve learned over the Unit that you think are most important and explain why. Also, write down one thing you think you still need to learn more about/review before our exam tomorrow.
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