Financial Literacy | Baamboozle - Baamboozle | The Most Fun Classroom Games!

Hazem’s weekly income is $40. He budgets $20 for food and entertainment each week and saves the rest of his income. How much money will he save in 5 months?

$400

Rex buys a flashlight for $44 and binoculars for $69. What is the total cost of Rex’s purchase if sales tax is $0.07 on every $1?

$120.91

A pair of laces has a price tag of $7.00. The sales tax is $0.08 on every $1. Which is the total price of the laces?

$7.56

At the bookstore, the clearance shelf has a book about explorers. The book has a price tag of $4. The sales tax is $0.05 on every dollar. Which is the total cost of the book?

$4.20

This is an example of what kind of tax? The value of a house is $250,000. The yearly tax on the house is $7,500

Property Tax

This is an example of what kind of tax? $21.65 is withheld from Ed’s weekly earnings.

Payroll Tax

This is an example of what kind of tax? The video game sells for $19.99 plus $0.55 in tax

Sales Tax

____________ is a portion of the value of items. This tax can be charged on things such as cars, houses, boats, or land. This kind of tax is paid once or several times a year as long as a person owns the item

Property Tax

What is the money added to the cost of items and services called? It is usually paid when an item is purchased.

Sales Tax

Mark’s pay after taxes is $855.08. If his total earnings are $1,100, how much does Mark pay in payroll tax?

$244.92

Joe has two part-time jobs. At his first job, he earned $200 and paid $42 in payroll tax. At his second job he earned $175 and paid $24 in payroll tax. What is his pay after taxes?

$309

What is the difference between gross income and net income?

After taxes/Before taxes

A balanced budget is when your _____ matches your _______

income/expenses