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

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Across
  1. 4. government spending that is required by current law
  2. 7. a tax that takes the same percentage of income from all taxpayers regardless of income level
  3. 8. a tax that takes a larger percentage of income from low-income earners than from high-income earners
  4. 9. an amount the insured owes when an insured receives health care
  5. 15. the amount of interest you pay, depending on the length of the loan, abbreviated to APR
  6. 19. an amount paid for insurance, typically monthly
  7. 20. a number that summarizes a consumer’s credit worthiness
  8. 22. a form used to report income and taxes owed to the government
  9. 24. spending that the government must authorize each year
  10. 26. a mandatory payment to a local, state, or national government
  11. 27. a business composed of companies that produce unrelated goods or services
  12. 30. a tax based on a corporation’s profits
  13. 32. a person who assumes responsibility for the debt if the borrower fails to repay the loan
  14. 33. a corporation that controls who can buy or sell its stock
  15. 36. the practice of buying goods or services now and paying for them in the future
  16. 37. the amount of money needed in an account to avoid fees
  17. 38. the amount the insured pays before the insurance company pays
Down
  1. 1. 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
  2. 2. borrowed money that is usually repaid with interest
  3. 3. a tax based on an individual’s income from all sources
  4. 5. a tax on the production or sale of a specific good or service
  5. 6. a budget in which total government revenue is equal to total government spending
  6. 10. a tax that places a higher percentage rate of taxation on high-income earners than on low-income earners
  7. 11. a tax based on the value of goods or services at the time of sale
  8. 12. an enterprise that produces goods or provides services, usually to make a profit
  9. 13. a share of ownership in a corporation that gives the holder voting rights and a share of profits
  10. 14. a request to an insurance company for payment on an insured loss
  11. 16. a corporation that issues stock that can be freely traded
  12. 17. an institution that acts like a business but exists to benefit society rather than to make a profit
  13. 18. a business made up of semi-independent businesses that all offer the same products or services
  14. 21. a statement by a credit bureau that details a consumer’s credit record
  15. 23. a tax based on the value of an individual’s or a business’s assets
  16. 25. the portion of income subject to taxation after all deductions and exemptions
  17. 28. a business owned and controlled by one person
  18. 29. a government-run medical insurance program for low-income people
  19. 31. government income from taxes and nontax sources
  20. 34. a card one can use like an ATM card to withdraw cash or like a check to make purchases
  21. 35. the part of a corporation’s profit that the company pays the stockholders