Chapters 8, 10, 14 and “Consumer and Personal Finance”

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Across
  1. 3. a corporation that issues stock that can be freely traded
  2. 6. a government-run medical insurance program for low-income people
  3. 7. a tax that places a higher percentage rate of taxation on high-income earners than on low-income earners
  4. 10. government income from taxes and nontax sources
  5. 11. a check or other withdrawal that exceeds the existing account balance
  6. 12. a plan for spending federal tax money
  7. 13. a request to an insurance company for payment on an insured loss
  8. 14. a mandatory payment to a local, state, or national government
  9. 16. the money taken from a worker’s pay before the worker receives the pay
  10. 19. a budget in which total government revenue is equal to total government spending
  11. 21. a tax that takes the same percentage of income from all taxpayers regardless of income level
  12. 25. a statement by a credit bureau that details a consumer’s credit record
  13. 26. borrowed money that is usually repaid with interest
  14. 28. government spending that is required by current law
  15. 30. a person who assumes responsibility for the debt if the borrower fails to repay the loan
  16. 31. a government-run, national health insurance program mainly for citizens over age 65
  17. 38. the practice of buying goods or services now and paying for them in the future
  18. 39. a corporation that controls who can buy or sell its stock
  19. 40. a business composed of companies that produce unrelated goods or services
  20. 41. a share of ownership in a corporation that gives the holder voting rights and a share of profits
  21. 42. a tax on the production or sale of a specific good or service
  22. 45. for filing taxes, based on marital status or support of dependents
  23. 46. a bank chartered by a state government
  24. 47. anything people will accept as payment for goods and services
  25. 48. a business owned and controlled by one person
  26. 49. a tax that takes a larger percentage of income from low-income earners than from high-income earners
  27. 50. the portion of income subject to taxation after all deductions and exemptions
Down
  1. 1. the amount the insured pays before the insurance company pays
  2. 2. a tax based on an individual’s income from all sources
  3. 4. a tax based on a corporation’s profits
  4. 5. the use of taxes to encourage or discourage certain economic behaviors
  5. 8. paper money and coins
  6. 9. the amount of money needed in an account to avoid fees
  7. 15. a number that summarizes a consumer’s credit worthiness
  8. 17. an enterprise that produces goods or provides services, usually to make a profit
  9. 18. spending that the government must authorize each year
  10. 20. the part of a corporation’s profit that the company pays the stockholders
  11. 22. a tax based on the value of an individual’s or a business’s assets
  12. 23. a business made up of semi-independent businesses that all offer the same products or services
  13. 24. an institution that acts like a business but exists to benefit society rather than to make a profit
  14. 27. a bank chartered by the national government
  15. 29. a card one can use like an ATM card to withdraw cash or like a check to make purchases
  16. 32. a business owned by shareholders, also called stockholders, who own the rights to the company’s profits but face only limited liability for the company’s debts and losses
  17. 33. a tax on money or property given by one living person to another
  18. 34. a form used to report income and taxes owed to the government
  19. 35. a fee a bank pays for the use of money
  20. 36. a federal program to aid older citizens, orphaned children, and the disabled
  21. 37. an amount paid for insurance, typically monthly
  22. 40. an amount the insured owes when an insured receives health care
  23. 43. the amount of interest you pay, depending on the length of the loan, abbreviated to APR
  24. 44. a payroll tax that provides coverage for the elderly, the unemployed due to disability, and surviving family members of wage earners who have died
  25. 46. a tax based on the value of goods or services at the time of sale