Unit 2 Personal Finance SpeedMatch Review Game

Unit 2 Personal Finance
Speed Match Review Game

This game has been played times
The best time ever was at seconds.
The best time today is at seconds.

How To Play:
Drag the squares in the gray area and drop them in the matching squares in the blue area below.
If you drop a square in the correct spot, it will disappear.
If you make a mistake, the square will return to its original spot.
Good luck!

Let's Play Speed Match!

This system is the simplest way to stay on track with your budget

All of your checking account statements should be filed into this category

This type of expense does not occur every month

Total Amount of Income from your wages before any payroll deductions

An allowance, paycheck, and interest received from a savings account are all classified as

The most important expense you should have

This type of expenses may include food and gas

Deductions such as federal income tax, state income tax, social security tax, and medicare tax are called....

Fee collected by the federal government to support its programs

How many years should you keep copies of your completed tax returns

This plan allows you to plan for managing your money during a given time period

This type of expense may include a car payment or rent payment

Spending money on your needs and wants are called your....

Used to itemize how much money was earnbed by an employee and how much was withheld and sent to the IRS

'Take-home Pay'

This tax provides medical insurance

Money you receive

This form allows the employer to withhold federal income taxes from an employee's wages

When filing your documents away your W-2 Forms should fall into this category

Money you have coming and and going out?

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You did it!
You got every match correct!

Here are all the answers:

Description	Match:
This tax provides medical insurance	Medicare Tax
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	Income
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	W-4 Form
Money you have coming and and going out?	Cash Flow
Money you receive	Income
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	Gross Income
'Take-home Pay'	Net Income
Spending money on your needs and wants are called your....	Expenses
This type of expenses may include food and gas	Variable Expense
This type of expense may include a car payment or rent payment	Fixed Expense
This type of expense does not occur every month	Periodic Expense
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	Envelope System
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	Spending Plan
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	7 years