Income game

1.    Your abilities include

• The things you do well

• The skill you need to do something

• Your mental competence

• All of the above

Who pays taxes?

• Most people who purchase items

• Most people who own property

• Most people who have a job

• All of the above

  Career planning is done

• Once in a lifetime

• After high school

• Throughout a lifetime

• In college

   What is Social Security?

• A private insurance system

• A government insurance system for retired, disabled, sick, and families of workers who have died

• The amount of money someone has

• None of the above

The purpose of taxes is to

•       

         Support government

               

       

•  Improve roads

• Pay retirement benefits

• All of the above

Who pays into Social Security?

• Employers

• Self-employed

• Employees

• All of the above

Income, Social Security, and Medicare are all types of taxes.

• True

• False

What are three taxes that most people pay?

• Unemployment, sales, and property

• Sales, property, and unemployment

• Federal income, unemployment, and state

• Income, sales, and property

The total amount of earnings made over a one-year period after all deductions have been taken is known as

• Gross monthly income

• Gross annual income

• Net monthly income

• Net annual income

The total amount of earnings made over a month, before any deductions, is known as

• Gross monthly income

• Gross annual income

• Net monthly income

• Net annual income