Financial Terms: Money II

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Across
  1. 2. A U.S. federal payroll tax. Stands for the Federal Insurance Contributions Act and is deducted from each paycheck
  2. 6. A payment usually of money for labor or services usually according to contract and on an hourly, daily, or piecework basis
  3. 10. Income taxes imposed by local governments
  4. 11. The value of a currency expressed in terms of the number of goods or services that one unit of money can buy.
  5. 13. This measures the frequency a person changes their socioeconomic status. A high rate of ______ indicates a healthy economy, and one of the key factors that drives this economic advancement is job advancement.
  6. 17. A tax levied by a state on the income of its residents, as well as on any nonresidents who earn state-sourced income.
  7. 19. A certificate, usually issued by a government or banking institution, that allows the stated payee to receive cash on demand
  8. 20. Wages withheld from an employee's total earnings for the purpose of paying taxes, garnishments and benefits, like health insurance
Down
  1. 1. An official statement that gives details of a company's profit or loss for a particular period
  2. 3. Any payment you receive for the use or occupation of property
  3. 4. Large, unexpected gains resulting from lucky circumstances such as winning the lottery or inheriting money
  4. 5. This tax is levied on both employers and employees, funds Social Security, and is collected in the form of a payroll tax or a self-employment tax.
  5. 7. A check for salary or wages made out to an employee.
  6. 8. The executive agency responsible for promoting economic prosperity and ensuring the financial security of the United States.
  7. 9. The amount employees earn after all payroll deductions are subtracted from their gross pay
  8. 11. A document that's given to an employee each payday that shows their gross pay, deductions (taxes), and net pay
  9. 12. At a higher interest rate, an excess supply of money causes the interest rate to fall. At a lower interest rate, an excess demand for money causes the interest rate to rise. This is the _________ of money.
  10. 14. A current medium of exchange in the form of coins and banknotes
  11. 15. A credit card that is given out by a store and that can be used to buy goods at that store
  12. 16. A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
  13. 18. A reimbursement made to a taxpayer for any excess amount paid in taxes to the federal or state government