Chapter 14 Vocab Economics

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Across
  1. 4. a payroll tax that provides coverage for the elderly,the unemployed due to disability, and surviving family members of wage earners who have died.
  2. 7. a tax based on a corporation’s profits
  3. 10. the use of taxes to encourage or discourage certain economic behaviors.
  4. 11. a tax that takes a larger percentage of income from low-income earners than from high-income earners.
  5. 13. a form of wealth—such as income, property, goods, or services—that is subject to taxes
  6. 15. - a tax based on the value of goods or services at the time of sale.
  7. 17. a government-run, national health insurance program mainly for citizens over age 65 .
  8. 18. a tax based on the value of an individual’s or a business’s assets.
Down
  1. 1. a tax based on an individual’s income from all sources.
  2. 2. a form used to report income and taxes owed to the government
  3. 3. a federal program to aid older citizens, orphaned children,and the disabled.
  4. 5. a tax that takes the same percentage of income from all taxpayers regardless of income level.
  5. 6. government income from taxes and nontax sources.
  6. 8. the portion of income subject to taxation after all deductions and exemptions
  7. 9. the money taken from a worker’s pay before the worker receives the pay
  8. 12. a tax that places a higher percentage rate of taxation on high-income earners than on low-income earners.
  9. 14. the final burden of a tax.
  10. 16. a mandatory payment to a government.