Vocab 5

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Across
  1. 4. amounts taken from gross pay. Results in net pay to an employee
  2. 5. form used to record payroll data
  3. 7. Type of insurance where the insurer and insured share the risk
  4. 8. amount earned before deductions
  5. 9. a way to allocate the cost of equipment over its life, and track it’s decline in value
  6. 10. the easiest way to depreciate an asset. Divides depreciation equally over usable life of the asset.
Down
  1. 1. Periodic payments that a insured makes on their insurance policy
  2. 2. wages calculated as different percentages for different levels of sales
  3. 3. The person designated to receive the face value of a life insurance policy if the insured dies
  4. 6. what a company paid for the purchase of an asset