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Test Your Financial Knowledge with Who Wants to Be a Millionaire-style Questions

Dive into a series of engaging financial questions inspired by the thrilling game show Who Wants to Be a Millionaire. This quiz challenges your knowledge on topics such as taxes, commissions, and weekly earnings in a fun and interactive format. From calculating income tax withholding to determining commissions on sales, put your financial literacy to the test. Perfect for individuals wanting to sharpen their money skills or teachers looking for a fun educational tool. Are you ready to see if you can reach the million-dollar milestone?

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Test Your Financial Knowledge with Who Wants to Be a Millionaire-style Questions

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  1. 50:50 15 $1 Million 14 $500,000 Welcome toWho Wants to be a Millionaire 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 1 $100

  2. 15 $1 Million 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 1 $100

  3. 15 $1 Million 14 $500,000 13 $250,000 12 $125,000 What is the daily record of when you report to work and when you leave called? 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 50:50 1 $100 A: Overtime B: Weekly Time Card C: Salary D: None of these

  4. 15 $1 Million 14 $500,000 13 $250,000 12 $125,000 What is the daily record of when you report to work and when you leave called? 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 50:50 1 $100 B: Weekly Time Card

  5. 15 $1 Million 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 1 $100

  6. 15 $1 Million 14 $500,000 13 $250,000 12 $125,000 If Marianna earns 5 % commission on $1500, how much will she receive? 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 50:50 1 $100 A: $175 B: $750 C: $7.50 D: $75

  7. 15 $1 Million 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 1 $100

  8. 15 $1 Million 14 $500,000 13 $250,000 12 $125,000 Last week Maks worked 45 hours. His hourly rate is $12.50, how much did he get for working 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 50:50 1 $100 A: $562 B: $562.50 C: 562.2 D: $652

  9. 15 $1 Million 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 1 $100

  10. 15 $1 Million 14 $500,000 13 $250,000 12 $125,000 I earn $414 per week and I am married with 2 kids. How much income tax is witheld? Use textbook Appendix A4. 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 50:50 1 $100 A: $20 B: $13 C: $17 D: None of the above

  11. 15 $1 Million 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 1 $100

  12. 15 $1 Million 14 $500,000 13 $250,000 12 $125,000 What is the rate used to calculate social security tax upto $97,500 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 50:50 1 $100 A: 6.2% B: 4% C: 7.8% D: 1.45%

  13. Congratulations! Congratulations! Congratulations! You’ve Reached the $1,000 Milestone!

  14. 15 $1 Million 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 1 $100

  15. 15 $1 Million 14 $500,000 13 $250,000 12 $125,000 Which one of these is not a Tax on an earning statement? 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 50:50 1 $100 A: Fed W/H B: Medicare C: Gross income D: State W/H

  16. 15 $1 Million 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 1 $100

  17. 15 $1 Million 14 $500,000 13 $250,000 12 $125,000 Monday to Friday Alex worked 48 hours at an hourly rate of $6.00. In addition he worked 7 hours overtime on Saturday at 1.5 times my hourly rate. What was his gross pay this week? 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 50:50 1 $100 A: $343 B: $351 C: $376 D: None of the above

  18. 15 $1 Million 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 1 $100

  19. 15 $1 Million 14 $500,000 13 $250,000 12 $125,000 Bennett is a carpenter. He earns $16.25 per hour. How many hours must he work to earn approximately $341 per week? 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 50:50 1 $100 A: 42 B: 34 C: 7 D: 21

  20. 15 $1 Million 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 1 $100

  21. 15 $1 Million 14 $500,000 13 $250,000 12 $125,000 Allyson sells Leprechaun uniforms. She earns 3% on the first $2000 and 15% on all sales over $2000. How much did she earn if she sold $12000 worth of leprechaun uniforms? 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 50:50 1 $100 A: $60 B: $1560 C: $1500 D: $1074

  22. 15 $1 Million 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 1 $100

  23. 15 $1 Million 14 $500,000 13 $250,000 12 $125,000 Chico’s annual salary is $40,560. What is his bimonthly salary? 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 50:50 1 $100 A: $1560 B: $3380 C: $1690 D: $780

  24. Congratulations! Congratulations! Congratulations! You’ve Reached the $32,000 Milestone!

  25. 15 $1 Million 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 1 $100

  26. 15 $1 Million 14 $500,000 13 $250,000 Garrett’s gross pay is $44,750 a year. The state income tax rate is 3% of taxable wages. He takes a married exemption ($4000) for himself. How much does Garrett’s employer withold yearly from his gross earnings for State income Tax. 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 50:50 1 $100 A: $1222.50 B: $40,750 C: $4000. D: $3.75

  27. 15 $1 Million 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 1 $100

  28. 15 $1 Million 14 $500,000 13 $250,000 12 $125,000 Kirby’s gross biweekly pay is $728. His earnings total $26,208. What amount does his employer deduct from his wages this pay period for Social Security Taxes? 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 50:50 1 $100 A: $40.25 B: $55.70 C: $10.56 D: $45.14

  29. 15 $1 Million 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 1 $100

  30. 15 $1 Million 14 $500,000 13 $250,000 12 $125,000 The annual cost of Danielle’s family membership to group insurance is $9,800. The company pays 75% of the cost. How much money does Danielle pay? 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 50:50 1 $100 A: 25% B: $94.23 C: $2,450 D: 75%

  31. 15 $1 Million 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 1 $100

  32. 15 $1 Million 14 $500,000 13 $250,000 Lisa is a single ticketing agent who claims 1 allowances. Her gross weekly salary is $320. Each week she is deducted Federal, Social Security and Medicare taxes; $40.20 for Medical insurance, 1.5% for state tax and $25. for credit union. Find her net pay? 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 50:50 1 $100 A: $104.48 B: $194.52 C: $135.48 D: None of the above

  33. 15 $1 Million 14 $500,000 13 $250,000 12 $125,000 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 1 $100

  34. 15 $1 Million 14 $500,000 13 $250,000 12 $125,000 Ally pays $115.80 per month for her group medical coverage. Her employer pays 55% of the cost. How much is the annual premium for Ally’s health insurance? 11 $64,000 10 $32,000 9 $16,000 8 $8,000 7 $4,000 6 $2,000 5 $1,000 4 $500 3 $300 2 $200 50:50 1 $100 A: $3,088 B: 5,080 C: $480 D: $6,205

  35. YOU WIN $1 MILLION DOLLARS!

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