Teacher kit

Question 1. Most months you make $200 from a part-time job. Some months an NIL deal adds $500. Which month should your monthly plan be built on?

1. A. A deal month. That is what you can really make.
2. B. A month with no deal. Deal money goes to tax and savings first. Answer
3. C. Whatever month you are in. Spend what comes in.

Question 2. Someone steals your credit card and charges $900 before you report it. Under federal law, what is the most you can owe for those charges?

1. A. All $900. You should have reported it sooner.
2. B. $50. Answer
3. C. $500.

Question 3. You have $3,000 in a savings account at an FDIC-insured bank, and the bank fails. What happens to your money?

1. A. It is gone. Banks fail and people lose out.
2. B. You get back about half.
3. C. All of it is covered. Insurance covers up to $250,000. Answer

Call 1. Your NIL pay was $0 in September, $600 in October and $0 in November. Your phone bill is $40 every month. What is the smart move with October's $600?

1. A. Spend it in October. It is October's money.
2. B. Put the tax set-aside away first, then save the rest for the months with no deal. Answer
3. C. Raise your spending every month to match October.

Why: Bills come every month, deals do not. Plan the month on a month with no deal, take tax off the top of deal money, and save the extra so it covers the slow months.

Call 2. You want to buy $120 sneakers from a stranger online, and they never ship. Which way of paying gave you the best shot at getting your money back?

1. A. Sending it on a payment app.
2. B. Mailing cash.
3. C. A credit card, because you can dispute the charge. Answer

Why: The FTC says credit cards have dispute rights that cover many problems, including an order that never came. Money you send yourself on an app, or in cash, is hard to get back.

Call 3. Your savings are at a federally insured credit union. Who insures them, and up to how much?

1. A. The NCUA, up to $250,000. Answer
2. B. The FDIC, up to $25,000.
3. C. Nobody. Only banks are insured.

Why: The NCUA insures credit union accounts up to $250,000, the same limit the FDIC uses for banks. Both are backed by the full faith and credit of the United States.

Overtime. A 12-pack of a sports drink is $9, marked "Sale! Was $14." A 24-pack of the same drink is $16. Which costs less per bottle?

1. A. The 12-pack. It is on sale.
2. B. The 24-pack: about 67 cents a bottle, vs 75 cents. Answer
3. C. They cost the same per bottle.

Why: $9 divided by 12 is 75 cents a bottle. $16 divided by 24 is about 67 cents. The "was $14" tells you nothing unless the store really charged $14 for a good while. Hypothetical prices.

Question 1. You play for a New York City public school. A pizza place offers you $150 for one Instagram post. What do you do before you agree?

1. A. Say yes. One post is too small to matter.
2. B. Ask your school and the PSAL for an OK in writing. Answer
3. C. Say yes, as long as you wear your own clothes, not your jersey.

Question 2. A headphone company gives you a free pair for two TikToks. How do the videos show they are paid?

1. A. Say "ad" or #ad in each video. Answer
2. B. Thank the brand once in your bio.
3. C. They don't have to. Nobody paid you cash.

Question 3. A man messages you saying he is an agent. He can line up deals if you send him $200 to get started. What is the smart move?

1. A. Send it. Agents always charge a signup fee.
2. B. Send it, since you can cancel later.
3. C. Don't pay, and ask him to prove he is registered with the state. Answer

Call 1. You play for a NYC public school (PSAL). A local shop offers $300 to post about them. What is the right first move?

1. A. Sign. It is only one post.
2. B. Sign, but leave out your school name.
3. C. Get a written OK from your school and the PSAL first. Answer

Why: PSAL's posted rules don't mention NIL, and its amateur rule bans taking gifts of value for athletic fame. Get it in writing before you sign.

Call 2. A sneaker brand sends you free shoes for 3 posts. How should the posts say it?

1. A. Put "sponsored" in your bio once.
2. B. Say "ad" or #ad in each post itself. Answer
3. C. Nothing. It was free stuff, not money.

Why: The FTC says the disclosure goes in the post itself. Free products count, and a bio-only mention is likely to be missed.

Call 3. Someone in your DMs says he is an agent and can get you a bag, but wants $300 first. What do you do?

1. A. Walk. Ask for proof of state registration, and never pay to sign. Answer
2. B. Pay. That is how agents work.
3. C. Pay, then cancel within 5 days if it goes bad.

Why: In New York an agent must be registered with the Secretary of State, and an unregistered agent may not reach out to you first. A fee up front with no proof is a red flag.

Overtime. A brand wants your parent to sign a photo release with no limits on where or how long the photos run. What is true?

1. A. No worries. Minors can always cancel later.
2. B. It does not matter because your parent signed, not you.
3. C. A parent-signed release usually can't be canceled, so limit use and time first. Answer

Why: New York's highest court held that a model could not cancel an unrestricted release her parent signed. Set limits before anyone signs.

Question 1. A store pays you $700 for an appearance and never sends you a tax form. What is true?

1. A. You still report the $700 as income. Answer
2. B. No form means it is not taxable.
3. C. Only deals of $2,000 or more are taxed.

Question 2. A brand gives you a $300 jacket in exchange for posts. For taxes, the jacket is:

1. A. Not income, because it is not cash.
2. B. $300 of income, just like cash. Answer
3. C. Income only if you sell it.

Question 3. Your parents claim you, and you make $5,000 of NIL profit this year. About how much should you set aside for federal tax?

1. A. $0. Your parents' deduction covers you.
2. B. About $706, roughly 14%. Answer
3. C. About $1,700, roughly a third.

Call 1. You did a $900 deal and the business never sent a 1099. What is true?

1. A. No form means no tax.
2. B. It is still income. The form is only the business's paperwork. Answer
3. C. You only owe tax on deals over $2,000.

Why: The $2,000 line decides who must send a form, not whether you owe. All NIL income is taxable.

Call 2. A brand gives you $500 of free sneakers for posts. For taxes, that is:

1. A. Nothing. It was not money.
2. B. Only taxable if you sell the shoes.
3. C. $500 of income, the same as cash. Answer

Why: Things you get for NIL work count at what they would normally sell for, including for self-employment tax.

Call 3. Your parents claim you, and your NIL profit this year is $3,000. About how much federal tax should you set aside?

1. A. About $424, all self-employment tax. Answer
2. B. About $1,000, a third of it.
3. C. $0. Your parents' deduction covers it.

Why: Your standard deduction wipes out federal income tax, but self-employment tax of about 14.1% still applies.

Overtime. Your parents claim you and you made $600 of NIL profit. Do you have to file your own tax return?

1. A. No. Dependents never file.
2. B. Yes. Past about $434 of profit you must file. Answer
3. C. Only if you got a 1099.

Why: Anyone with $400 or more of net self-employment earnings must file, dependent or not. That is about $434 of profit.

Question 1. You put in $500 and it earns an example 10% in year one, so you have $550. In year two, the 10% is figured on:

1. A. $500, the amount you started with.
2. B. $550, your money plus the first year's growth. Answer
3. C. Nothing. You only earn growth once.

Question 2. Prices rise about 3% this year. You keep $200 in a shoebox the whole time. At the end of the year, the $200:

1. A. Buys less than it did a year ago. Answer
2. B. Buys exactly what it did before.
3. C. Has grown to about $206.

Question 3. An account online says your money is "guaranteed" to triple, but only if you buy in tonight. What do you do?

1. A. Buy in before tonight.
2. B. Ask to see other people's profits first.
3. C. Walk away from it. Answer

Call 1. $1,000 earns an example 7% a year. In year two, what does the 7% apply to?

1. A. Only the original $1,000.
2. B. $1,070: the money plus last year's growth. Answer
3. C. Nothing. Growth only happens once.

Why: That is compound growth: last year's growth starts earning too, so year two adds $74.90, not $70.

Call 2. Prices went up 3.4% over the last year. Your $100 sat in a drawer the whole time. What happened to it?

1. A. Nothing. It still buys $100 of stuff.
2. B. It buys less, about $96.71 worth of what it used to. Answer
3. C. It grew to $103.40.

Why: Cash does not grow on its own. When prices rise, the same bill buys less. That is inflation.

Call 3. Someone in your DMs says his trading plan is guaranteed to double your NIL money in a month, but you have to join today. What is the call?

1. A. Join now before the deadline passes.
2. B. Ask for screenshots of his wins first, then decide.
3. C. Walk away. "Guaranteed" plus "today only" are scam signs. Answer

Why: The SEC lists guaranteed returns and pressure to buy right now as red flags. Screenshots and testimonials can be faked.

Overtime. Which one is the best example of diversification?

1. A. All your money in one company you love.
2. B. A fund that owns hundreds of companies in many industries. Answer
3. C. Two different sneaker companies.

Why: Spreading money across many companies and industries means one bad pick cannot sink you. Two companies in the same business are not spread across industries.

Question 1. Your $1,500 is in a savings account at an FDIC-insured bank, and the bank goes under. Your money is:

1. A. Protected. FDIC insurance covers up to $250,000. Answer
2. B. Lost along with the bank.
3. C. Only covered above $250,000.

Question 2. Stocks fall, and the investments in your custodial brokerage account lose 15%. Does SIPC make up the loss?

1. A. Yes, up to $500,000.
2. B. Yes, but only the cash part.
3. C. No. SIPC does not cover a drop in value. Answer

Question 3. You earn $2,000 of NIL profit from appearances in 2026. The most you could put in a Roth IRA for 2026 is:

1. A. $0, because you are under 18.
2. B. $7,500, the 2026 limit.
3. C. A bit less than $2,000, what you earned from the work. Answer

Call 1. You have $3,000 in a savings account at an FDIC-insured bank, and the bank fails. What happens to your money?

1. A. It is gone.
2. B. It is covered. FDIC insurance goes up to $250,000. Answer
3. C. Only money over $250,000 is covered.

Why: FDIC insurance covers $250,000 per depositor, per insured bank, for each ownership category.

Call 2. The stock market drops and your custodial brokerage account falls 20%. Does SIPC pay you back?

1. A. Yes, up to $500,000.
2. B. No. SIPC does not cover a drop in value. Answer
3. C. Yes, but only for the cash part.

Why: SIPC helps when a brokerage firm fails and assets are missing. It does not protect against investments losing value.

Call 3. You made $3,000 of NIL profit from posts and appearances in 2026. What is the most you can put in a Roth IRA for 2026?

1. A. $7,500, the 2026 limit.
2. B. No more than what you earned from the work: a little under $3,000. Answer
3. C. $0. You have to be 18.

Why: The limit is the lesser of $7,500 or what you earned. There is no age limit, and for self-employment the IRS counts profit minus half your self-employment tax, about $2,788 here.

Overtime. You put $1,000 in a Roth IRA at 16. By 19 it has grown to $1,300 and you need cash. What can you take out with no tax and no penalty?

1. A. Nothing until you turn 59½.
2. B. The $1,000 you put in. Answer
3. C. All $1,300.

Why: Withdrawals count as your contributions first, and those come out with no tax. The $300 of growth taken out early could be taxed plus a 10% additional tax.

Question 1. A "brand ambassador manager" DMs you: free gear and $500 a month to post, but first you pay $49 for a starter kit. What is it?

1. A. A normal deal. Brands charge for kits.
2. B. A scam. A real deal pays you, not the other way around. Answer
3. C. Fine, as long as you pay with a gift card.

Question 2. Which habit does the most to build a strong credit score?

1. A. Paying every bill on time, every time. Answer
2. B. Carrying a small balance on a card each month.
3. C. Checking your own credit report often.

Question 3. You just turned 18. You have no job and no income of your own. Can you open a credit card by yourself?

1. A. Yes. At 18 anyone can.
2. B. Yes, if a parent says it is OK by text.
3. C. No. Under 21 you need your own income or a cosigner who is 21 or older. Answer

Call 1. A stranger says they love your game-day photo and mails you a $2,000 check to use it. They ask you to deposit it and send $300 back in gift cards for "the photographer." What is the call?

1. A. Deposit it. Once the money shows up, it is safe.
2. B. Send the $300 first so the deal does not fall through.
3. C. It is a scam. The check will bounce and you would owe the bank. Answer

Why: A stranger's check with money to send back is a scam, and gift card payment is a second red flag. The money can appear first, but you owe the bank once the fake check bounces.

Call 2. You have your first credit card and want a strong score. What should you do with the bill each month?

1. A. Leave a small balance so it shows you use credit.
2. B. Pay it in full and on time, every month. Answer
3. C. Pay whenever you have extra money.

Why: Repayment history is the number one factor for most scores, and you do not need to carry a balance. Paying in full gets the best scores and no interest on purchases.

Call 3. You are 19 and earn steady NIL pay of your own. No one will cosign. Can a card company open a credit card for you?

1. A. Yes, if your own income shows you can make the minimum payments. Answer
2. B. No. Under 21 you always need a cosigner.
3. C. Only if a parent's income is counted for you.

Why: Under 21, the law allows either an independent ability to make the minimum payments or a cosigner who is 21 or older. Your own income can qualify; a parent's does not count unless they cosign.

Overtime. Your free credit report shows a card you never opened. What is the best first move?

1. A. Ignore it. It will fall off on its own.
2. B. Report it at IdentityTheft.gov for a recovery plan, and freeze your credit. Answer
3. C. Pay a credit repair company to remove it.

Why: An account you did not open is a sign of identity theft. IdentityTheft.gov gives a free step-by-step plan, a freeze stops new accounts, and you can dispute errors yourself for free.