Team 1
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Team 2
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Teams
Name
Score
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eraser
Reset score!
Oops!
×
fairy
Take points!
5
10
15
20
25
×
gift
Win 15 points!
Okay!
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baam
Lose 10 points!
Oops!
15
×
What is a 1040
A tax form that is filled out to determine if taxes are owned or will be refunded by the government
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Check
×
heart
Other team wins 25 points!
Oops!
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gift
Win 20 points!
Okay!
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shark
Other team loses 10 points!
Okay!
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banana
Go to last place!
Oops!
15
×
What is a coverage limit?
The maximum amount an insurance company will pay for services
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15
×
What is risk pooling?
When insurance companies combine the amount paid by customers to help pay for the few people who need to use the services
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15
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What is the relationship between risk and return?
Higher risk = Higher return
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15
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Why is it important to have auto insurance?
To protect yourself from other uninsured driver and to help pay for expenses related to an accident
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15
×
What is inflation?
The rise of the cost of goods and services over time
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15
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How much unearned income is required to file taxes?
$1,100
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15
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What are FICA taxes?
Social Security and Medicare
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15
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What is a premium?
The monthly rate paid to the insurance company to be insured
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15
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What two types of retirement accounts are tax advanged?
Traditional IRA and 401(K)
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15
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What is a deductible?
The amount required to pay before insurance will begin paying for services
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banana
Go to last place!
Oops!
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fairy
Take points!
5
10
15
20
25
×
shark
Other team loses 15 points!
Okay!
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lifesaver
Give 20 points!
Oops!
15
×
When is tax day?
April 15th
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15
×
What does "liquidity" mean?
How easily an asset can be turned into cash
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