Financial Literacy Unit 5

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Across
  1. 4. Tax that funds healthcare for older adults
  2. 5. Income after taxes and deductions are taken out
  3. 7. A direct reduction of the taxes you owe
  4. 10. Tax that funds retirement benefits
  5. 12. A form for income earned outside of regular employment
  6. 13. A form showing your yearly earnings and taxes withheld
  7. 15. An amount subtracted from income to reduce taxable income
  8. 16. The government agency that collects taxes in the U.S.
  9. 17. A review of your tax return by the IRS
  10. 18. Someone you support who an reduce your taxes
  11. 21. A form you file to report income and taxes to the government
  12. 22. The portion of income that is subject to tax
  13. 24. An allowance that reduces taxable income
  14. 25. Your category when filing taxes
Down
  1. 1. A range of income taxed at a specific rate
  2. 2. Taxes taken from wages or programs like social security
  3. 3. Specific expenses you list to reduce taxable income
  4. 6. Total income before taxes or deductions
  5. 8. Money taken out of your paycheck for taxes
  6. 9. A system where higher income is taxed at higher rates
  7. 11. Tax on profit from selling investments
  8. 14. Illegal act of not paying taxes owed
  9. 19. A tax paid on money you earn
  10. 20. A fixed amount you can subtract from income
  11. 23. Money returned when you overpay taxes