Financial Math EOC

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Across
  1. 1. Amount taken from your paycheck for an income tax and other payments that you approve
  2. 3. Deduction for Social Security and Medicare
  3. 4. ______ Card: A card that allows the holder to make purchases without cash by borrowing money
  4. 6. A sum of money deposited INTO an account
  5. 7. The amount you are required to pay for medical care in certain types of health plans after you have met your deductible. Usually expressed as a %.
  6. 9. A fee paid to you for keeping your money in an account OR a fee charged to you for a loan or credit card
  7. 13. A company's or a store's written agreement to repair a product or refund your money if the product doesn't function properly
  8. 14. To buy an item with credit and pay it back over time with interest
  9. 17. ______ Card: A card that is directly connected to your checking account; it enables you to conduct ATM transactions and to make purchases instead of using cash or writing a check
  10. 18. A loan that is taken out by people and businesses to buy real estate without paying the entire price up front
  11. 19. To sign the back of a check made out to you so it can be cashed or deposited
  12. 20. The amount paid by you or your employer, in addition to copayments, coinsurance & deductibles, in exchange for insurance coverage.
  13. 21. ______Security: A deduction taken from your paycheck by the Federal Government for a retirement plan
  14. 22. A paid career-training program where students learn on the job in addition to some classroom instruction
  15. 24. A real estate agent who is a member of the National Association of Realtors
  16. 26. A short document describing your education, work history, and skills, that is used to apply for a job
  17. 27. A way of sharing medical costs. Paying a flat fee every time you receive a medical service.
Down
  1. 2. A condition that must be met before a sale is finalized.
  2. 5. The amount of money you must pay each year to cover your medical care expenses before your insurance policy starts paying.
  3. 8. An agreement where a third party holds assets (eg. money) during a transaction. For example, a buyer may put a deposit in escrow when buying a house.
  4. 10. _________Tax: A special income tax collected by the state where you live
  5. 11. A set amount you are paid for every hour that you work; also called hourly pay
  6. 12. _________Tax: Taxes paid by employees to federal and state government through a direct deduction from their paycheck
  7. 15. A student or trainee who works, sometimes without pay, in order to gain work experience in a particular field
  8. 16. _____ Pay: Amount of pay that you take home after deductions
  9. 17. A sum of money deducted from your account
  10. 18. A government-run insurance program that provides healthcare assistance to low income Americans
  11. 21. A fixed amount that you are paid over a period of time, regardless of how many hours you work
  12. 23. Specific conditions or circumstances for which the policy will not provide benefits.
  13. 25. A government-run insurance program that provides healthcare assistance to elderly and disabled Americans