Ch 17 Intro to Business

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Across
  1. 3. A form specifying the number of allowances in the Employee’s Withholding Allowance Certificate
  2. 7. Tax on the net income of an individual
  3. 8. A federal tax used to fund the public service programs Social Security and Medicare
  4. 9. Tax deducted from an individual’s paycheck, such as for Social Security and Medicare
  5. 11. The amount of money you earn before any payroll deductions
  6. 14. Tax on income used to pay for the Medicare (health) program provided to individuals over the age of 65 or individuals with a disability
  7. 15. An employer‐sponsored retirement plan, sometimes with matching funds
  8. 17. All of the income received in a year
Down
  1. 1. The amount of money that tax calculations are based on
  2. 2. The amount that will be withheld from each paycheck
  3. 4. An attachment to an employee’s paycheck that shows the amount earned and details the payroll deductions
  4. 5. Tax on income paid by both the employee and the employer to fund the Social Security system
  5. 6. An employment eligibility verification form filled out by both an employer and an employee
  6. 10. A simple income tax form that can be used by anyone who has an income of less than $100,000 and is not claiming dependents
  7. 12. An employee’s take‐home pay; net pay is calculated by gross pay with deductions subtracted
  8. 13. A reduction of taxes paid on gross income
  9. 16. A form prepared by an employer reporting an employee’s annual wages and the amount of taxes withheld from paychecks