Advance Algebra Final Project

1234567891011121314151617181920
Across
  1. 2. a system of taxation where one tax rate is applied to all personal income with no deductions.
  2. 3. the pay received by an employee after the deduction of taxes and other obligations.
  3. 5. contains important information that you need to complete your tax return.
  4. 6. Flexible Spending Account
  5. 7. a person who relies on another, especially a family member, for financial support
  6. 10. The failure to pay or a deliberate underpayment of taxes
  7. 14. a specific dollar amount that reduces the amount of income on which you're taxed.
  8. 15. used by U.S. taxpayers to file an annual income tax return
  9. 17. a dollar-for-dollar reduction of your income
  10. 18. An action taken to lessen tax liability and maximize after-tax income.
  11. 19. the amount of an employee's pay withheld by the employer and sent directly to the government as partial payment of income tax.
  12. 20. a tax paid on property owned by an individual or other legal entity, such as a corporation
Down
  1. 1. refers to the base upon which an income tax system imposes tax.
  2. 4. is the sum of all wages, salaries, profits, interest payments, rents, and other forms of earnings, before any deductions or taxes.
  3. 8. the process of exempting a person from paying taxes on a specified amount of income for themselves and their dependents.
  4. 9. a check for salary or wages made out to an employee.
  5. 11. The Internal Revenue Service
  6. 12. break down (a whole) into its constituent parts
  7. 13. tax levied by a government directly on income, especially an annual tax on personal income.
  8. 16. a range of incomes taxed at a given rate