Financing

1234567891011121314151617181920212223242526272829303132333435
Across
  1. 3. type of plan that can help protect you from an event in life that costs a large amount of money
  2. 4. a bank account that pays you interest for keeping your savings in it.
  3. 5. Money, goods, services, and property a person receives that must be reported on a tax return.
  4. 6. A system of compliance that relies on individual citizens to report their income freely and voluntarily, calculate their tax liability correctly, and file a tax return on time.
  5. 9. A tax on personal income; provides for foreign affairs, law enforcement, and interest on national debt.
  6. 10. Amount that taxpayers can claim for themselves, their spouses, and eligible dependents
  7. 11. the act of taking money out of an account.
  8. 12. This is a score or grade that credit companies assign to you based on how you handle your money and pay your bills.
  9. 14. A small booklet comes with your checkbook and gives you record sheets that so you can keep track of all of the deposits, ATM withdrawals, and checks you write.
  10. 15. The amount paid by a borrower to a lender for the privilege of borrowing the money.
  11. 16. usually refers to the money borrowed from a lender to buy a house; the borrower makes payments on the loan each month until the entire loan, along with interest, is paid in full.
  12. 17. difference between the amount owed and the amount payed.
  13. 19. A type of investment that requires you to invest money for a certain length of time and guarantees the same rate of return (interest) for that entire time
  14. 23. This insurance helps you pay for damage you cause as a result of an accident to people or property, medical expenses you may have and the cost of fixing your car. It will also pay all these expenses if someone hurts you and they do not carry insurance themselves.
  15. 26. the smallest amount you are required to pay a lender each month on a debt.
  16. 28. The federal agency that collects income taxes in the United States
  17. 30. insurance that helps pay for medical expenses like going to the doctor, prescriptions, or surgery.
  18. 31. Used to provide medical benefits for certain individuals when they reach age 65
  19. 32. The form that an employer must send to an employee and the IRS at the end of the year
  20. 33. This plastic card looks like a credit card, but it is used to withdraw money from a savings or checking account.
  21. 34. An action taken to lessen tax liability and maximize after-tax income.
  22. 35. the next best alternative that is given up when a choice is made.
Down
  1. 1. The rate of interest (in terms of a percent, such as 8.75%) being charged for a loan over a year’s time. Includes interest, transaction fees, and service fees.
  2. 2. insurance that people have so they will have the money to fix or replace their home and its contents. Damage can be done by fire or storms, or even by a burglar.
  3. 7. Money or goods you owe
  4. 8. Things you pay money for – both needs and wants.
  5. 13. how quickly an asset (any item of value that you own) can be turned into cash.
  6. 18. A tax credit for certain people who work, meet certain requirements, and have earned income under a specific limit.
  7. 20. Money owed to taxpayers when their total tax payments are greater than the total tax.
  8. 21. To put money into a bank or investment account
  9. 22. Include Social Security and Medicare taxes.
  10. 24. Taxes on income, both earned (salaries, wages, tips, commissions) and unearned (interest, dividends). Income taxes can be levied on both individuals (personal income taxes) and businesses (business and corporate income taxes)
  11. 25. hanging onto your money for a future use instead of spending it
  12. 27. math formula that determines the number of years needed to double your money at a given interest rate.
  13. 29. Provides benefits for retired workers and their dependents as well as for disables workers and their dependents. Also known as the Social Security Tax