economics chapter 9

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Across
  1. 3. - tax on the value of a property, usually levied on real estate.
  2. 7. - a tax on sales or on the receipts from sales.
  3. 9. - a system that requires an employer to automatically deduct income taxes from an employee's paycheck and send it directly to the government.
  4. 10. - is a supplemental income tax imposed by the United States federal government in addition to baseline income tax for certain individuals, corporations, estates, and trusts that have exemptions or special circumstances allowing for lower payments of standard income tax
  5. 12. - A provision in the laws governing taxation that allows people to reduce their taxes
  6. 14. - is a concept in the theory of taxation from public finance
  7. 15. - is a tax imposed in such a manner that the average tax rate decreases as the amount subject to taxation increases
  8. 16. - is a tax system with a constant marginal rate, usually applied to individual or corporate income
  9. 19. - is a depreciation method whereby an asset loses book value at a faster rate than the traditional straight-line method
  10. 20. - is the money that is taken out of workers' paychecks to pay older Americans their Social Security retirement and Medicare (Hospital Insurance) benefits
  11. 21. - is a bureau of the Department of Treasury that is tasked with the enforcement of income tax laws and oversees the collection of federal income taxes
  12. 23. - is the tax on money or property that one living person gives to another
  13. 25. - is a tax in which the average tax rate increases as the taxable amount increases.
  14. 27. - a profit from the sale of property or an investment.
Down
  1. 1. - is a tariff or tax imposed on goods when transported across international borders.
  2. 2. tax - An assessment levied by a government on the profits of a company
  3. 4. - is basically a tax related incentive that allows individuals or entities to deduct a certain percentage of specific investment related costs from their tax liability apart from usual allowances for depreciation.
  4. 5. - are taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff.
  5. 6. - is notification from an employer to an employee or tax office detailing the taxes that have been withheld from an employee's pay.
  6. 8. - is said to "fall" upon the group that ultimately bears the burden of, or ultimately has to pay, the tax
  7. 11. - is levied on the wages, salaries, dividends, interest, and other income a person earns throughout the year
  8. 13. - he tax rate is the ratio at which a business or person is taxed
  9. 17. - is a progressive taxation principle that maintains that taxes should be levied according to a taxpayer's ability to pay
  10. 18. - a tax on the amount by which the value of an article has been increased at each stage of its production or distribution.
  11. 22. - are taxes paid when purchases are made on a specific good, such as gasoline
  12. 24. - is a fee, tax, or impost payment paid to a facility owner or operator by a facility user as a necessary condition for using the facility
  13. 26. - a tax on items considered undesirable or harmful, such as alcohol or tobacco.