| Other | Income | Expenses | Keeping and Staying on Track | |
| 10 | 10 | 10 | 10 | 10 |
| 20 | 20 | 20 | 20 | 20 |
| 30 | 30 | 30 | 30 | 30 |
| 40 | 40 | 40 | 40 | 40 |
| 50 | 50 | 50 | 50 | 50 |
| Final Question | ||||
This tax provides medical insurance
This tax provides medical insurance
Medicare Tax
Fee collected by the federal government to support its programs
Fee collected by the federal government to support its programs
Federal Income Tax
An allowance, paycheck, and interest received from a savings account are all classified as
An allowance, paycheck, and interest received from a savings account are all classified as
Income
Used to itemize how much money was earnbed by an employee and how much was withheld and sent to the IRS
Used to itemize how much money was earnbed by an employee and how much was withheld and sent to the IRS
W-2 Form
This form allows the employer to withhold federal income taxes from an employee's wages
This form allows the employer to withhold federal income taxes from an employee's wages
W-4 Form
Money you have coming and and going out?
Money you have coming and and going out?
Cash Flow
Money you receive
Money you receive
Income
Deductions such as federal income tax, state income tax, social security tax, and medicare tax are called....
Deductions such as federal income tax, state income tax, social security tax, and medicare tax are called....
Payroll Deductions
Total Amount of Income from your wages before any payroll deductions
Total Amount of Income from your wages before any payroll deductions
Gross Income
'Take-home Pay'
'Take-home Pay'
Net Income
Spending money on your needs and wants are called your....
Spending money on your needs and wants are called your....
Expenses
This type of expenses may include food and gas
This type of expenses may include food and gas
Variable Expense
This type of expense may include a car payment or rent payment
This type of expense may include a car payment or rent payment
Fixed Expense
This type of expense does not occur every month
This type of expense does not occur every month
Periodic Expense
The most important expense you should have
The most important expense you should have
P.Y.F - Paying Yourself First
This system is the simplest way to stay on track with your budget
This system is the simplest way to stay on track with your budget
Envelope System
All of your checking account statements should be filed into this category
All of your checking account statements should be filed into this category
Checking
This plan allows you to plan for managing your money during a given time period
This plan allows you to plan for managing your money during a given time period
Spending Plan
When filing your documents away your W-2 Forms should fall into this category
When filing your documents away your W-2 Forms should fall into this category
Tax Documents
How many years should you keep copies of your completed tax returns
How many years should you keep copies of your completed tax returns
7 years
You want to set up a budget but you work more hours per week in the summer than during the school year - what will help you estimate your income for a specific month? A. W-2 Form, B. W-4 Form, C. Pay Stub From Previous Pay Period, D. Pay Stubs from the Past Year
You want to set up a budget but you work more hours per week in the summer than during the school year - what will help you estimate your income for a specific month? A. W-2 Form, B. W-4 Form, C. Pay Stub From Previous Pay Period, D. Pay Stubs from the Past Year
D. Pay Stubs from the Past Year
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Review Game Info:
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